New York State Teachers Retirement System Decreases Stock Holdings in SpartanNash (NASDAQ:SPTN)

New York State Teachers Retirement System decreased its position in SpartanNash (NASDAQ:SPTN) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,430 shares of the company’s stock after selling 4,383 shares during the quarter. New York State Teachers Retirement System owned approximately 0.18% of SpartanNash worth $1,125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Creative Planning increased its position in shares of SpartanNash by 5.7% during the third quarter. Creative Planning now owns 13,165 shares of the company’s stock valued at $295,000 after buying an additional 708 shares during the period. Blue Trust Inc. increased its position in shares of SpartanNash by 308.8% during the third quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock valued at $169,000 after buying an additional 5,689 shares during the period. Signaturefd LLC increased its position in shares of SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after buying an additional 709 shares during the period. Ballentine Partners LLC increased its position in shares of SpartanNash by 7.4% during the third quarter. Ballentine Partners LLC now owns 23,452 shares of the company’s stock valued at $526,000 after buying an additional 1,617 shares during the period. Finally, Semanteon Capital Management LP purchased a new position in shares of SpartanNash during the third quarter valued at about $438,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Trading Up 1.0 %

Shares of NASDAQ SPTN opened at $19.67 on Monday. The firm’s 50 day moving average price is $18.63 and its 200-day moving average price is $19.98. The company has a market cap of $663.96 million, a PE ratio of -1,967.00 and a beta of 0.34. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPTN has been the topic of a number of recent research reports. StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th.

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.