12,597 Shares in SpartanNash (NASDAQ:SPTN) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,597 shares of the company's stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPTN. Nisa Investment Advisors LLC raised its position in shares of SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after purchasing an additional 1,685 shares during the period. GAMMA Investing LLC increased its position in shares of SpartanNash by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock worth $137,000 after purchasing an additional 3,541 shares during the period. Franklin Resources Inc. bought a new position in SpartanNash in the third quarter valued at about $211,000. MBM Wealth Consultants LLC increased its holdings in SpartanNash by 10.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company's stock worth $238,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in SpartanNash during the 3rd quarter worth about $244,000. Institutional investors own 84.59% of the company's stock.

SpartanNash Stock Performance

NASDAQ SPTN traded down $0.27 during trading hours on Tuesday, hitting $20.08. 137,099 shares of the company's stock traded hands, compared to its average volume of 245,836. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $677.83 million, a P/E ratio of -2,013.50 and a beta of 0.34. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The business's fifty day moving average price is $18.73 and its two-hundred day moving average price is $20.00.

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SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the company posted $0.35 earnings per share. Equities research analysts predict that SpartanNash will post 1.79 EPS for the current year.

Analyst Upgrades and Downgrades

SPTN has been the subject of several recent research reports. Northcoast Research downgraded SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target for the company. in a report on Wednesday, February 19th. StockNews.com cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Thursday, January 30th.

About SpartanNash

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.