New York State Teachers Retirement System Cuts Stake in SpartanNash (NASDAQ:SPTN)

New York State Teachers Retirement System cut its stake in SpartanNash (NASDAQ:SPTN) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,813 shares of the company’s stock after selling 5,502 shares during the quarter. New York State Teachers Retirement System owned approximately 0.20% of SpartanNash worth $1,475,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPTN. nVerses Capital LLC acquired a new position in shares of SpartanNash during the second quarter valued at approximately $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of SpartanNash during the second quarter worth approximately $34,000. Blue Trust Inc. raised its stake in SpartanNash by 5,317.6% in the 2nd quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,808 shares during the last quarter. Signaturefd LLC lifted its holdings in SpartanNash by 64.9% in the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after purchasing an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in SpartanNash by 114.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock worth $45,000 after purchasing an additional 1,270 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Price Performance

SpartanNash stock opened at $18.94 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62. The company has a market capitalization of $639.13 million, a price-to-earnings ratio of 14.24 and a beta of 0.39. The company’s 50 day simple moving average is $21.62 and its 200-day simple moving average is $20.43. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. As a group, equities research analysts expect that SpartanNash will post 1.98 earnings per share for the current year.

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash’s payout ratio is 65.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.