SpartanNash (NASDAQ:SPTN) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420,631 shares of the company's stock after selling 48,623 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.25% of SpartanNash worth $9,426,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of SpartanNash in the second quarter valued at about $30,000. Canada Pension Plan Investment Board acquired a new position in SpartanNash during the second quarter worth about $34,000. Blue Trust Inc. raised its position in SpartanNash by 5,317.6% during the second quarter. Blue Trust Inc. now owns 1,842 shares of the company's stock worth $37,000 after acquiring an additional 1,808 shares during the last quarter. Signaturefd LLC raised its position in SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company's stock worth $40,000 after acquiring an additional 709 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in SpartanNash during the second quarter worth about $79,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

SpartanNash Trading Up 3.1 %

Shares of NASDAQ SPTN traded up $0.58 during midday trading on Tuesday, reaching $19.59. 329,204 shares of the stock were exchanged, compared to its average volume of 248,917. The company has a market capitalization of $661.36 million, a P/E ratio of 14.73 and a beta of 0.35. SpartanNash has a 52-week low of $17.74 and a 52-week high of $24.51. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average price of $20.24 and a 200-day moving average price of $20.24.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. SpartanNash's revenue was down .6% compared to the same quarter last year. Equities research analysts expect that SpartanNash will post 1.88 earnings per share for the current fiscal year.

SpartanNash Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.2175 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.44%. SpartanNash's dividend payout ratio is currently 65.41%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, November 8th.

SpartanNash 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.