AMH Equity Ltd Increases Holdings in SpartanNash (NASDAQ:SPTN)

AMH Equity Ltd increased its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 316.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,000 shares of the company's stock after acquiring an additional 95,000 shares during the period. SpartanNash makes up about 2.3% of AMH Equity Ltd's holdings, making the stock its 12th largest holding. AMH Equity Ltd owned about 0.37% of SpartanNash worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its stake in SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company's stock valued at $1,936,000 after buying an additional 47,141 shares in the last quarter. Stifel Financial Corp raised its stake in SpartanNash by 14.7% in the third quarter. Stifel Financial Corp now owns 47,240 shares of the company's stock valued at $1,059,000 after buying an additional 6,058 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SpartanNash by 71.5% in the third quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company's stock valued at $2,297,000 after buying an additional 42,719 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in SpartanNash by 20.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 20,005 shares of the company's stock valued at $366,000 after buying an additional 3,356 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in SpartanNash in the third quarter valued at $244,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com cut SpartanNash from a "buy" rating to a "hold" rating in a research report on Thursday, January 30th. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Wednesday, February 19th.

SpartanNash Stock Performance

Shares of NASDAQ SPTN traded up $0.28 during midday trading on Friday, reaching $20.19. 268,166 shares of the company were exchanged, compared to its average volume of 245,873. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The stock has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $19.99. The stock has a market cap of $681.51 million, a P/E ratio of -2,019.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same period in the previous year, the business posted $0.35 EPS. On average, research analysts forecast that SpartanNash will post 1.79 earnings per share for the current fiscal year.

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.