Monday, 18 December, 2017

Top Active Mover of Tuesday: Rite Aid Corporation (RAD)

Laurie Berry | 06 December, 2017, 16:57

Rite Aid Corporation (NYSE:RAD)'s short interest is 179.56 million shares, or 17.29% of the float.

Mason Capital Management Llc decreased Rite Aid Corp (RAD) stake by 31.89% reported in 2017Q2 SEC filing. The company was downgraded on Wednesday, April 26 by Guggenheim. The firm has a market capitalization of $3.65 billion, a P/E ratio of 865.00 and a beta of 1.89. The company's stock had a trading volume of 33,007,403 shares, compared to its average volume of 28,119,293.

Eii Capital Management Inc increased National Retail Pptys Inc Com (NNN) stake by 6.58% reported in 2017Q2 SEC filing. The company had a trading volume of 16,086,534 shares, compared to its average volume of 20,211,180. The SVP disposed these shares by way of transaction on Jun. 15, 2016. The firm has "Neutral" rating by JP Morgan given on Friday, November 13. It is positive, as 32 investors sold NNN shares while 78 reduced holdings. On Tuesday, August 25 the stock rating was maintained by M Partners with "Buy".

In other news, Director Myrtle S. Potter sold 28,189 shares of the firm's stock in a transaction that occurred on Tuesday, October 3rd. Comerica Bank lifted its stake in Rite Aid by 9.2% in the second quarter. The stock traded within a range of $1.86 and $2.02. The stock of Rite Aid Corporation (NYSE:RAD) has "Buy" rating given on Thursday, August 6 by Vetr. Credit Suisse downgraded the shares of RAD in report on Thursday, October 29 to "Neutral" rating. Homrich Berg has invested 0% in Rite Aid Corporation (NYSE:RAD). The rating was maintained by Loop Capital on Friday, September 29 with "Hold". It has underperformed by 71.88% the S&P500. The stock of MGIC Investment Corporation (NYSE:MTG) has "Buy" rating given on Thursday, July 20 by FBR Capital. The stock has "Neutral" rating by UBS on Monday, May 2. The company was upgraded on Thursday, June 30 by FBR Capital. Captrust Financial invested in 0% or 2,800 shares. Gmt reported 1.52 million shares.

Investors sentiment increased to 1.03 in Q2 2017. Goldman Sachs Grp Inc Inc invested in 0.01% or 4.84M shares.

From another technical standpoint, Rite Aid Corporation (NYSE:RAD)'s 14-day Relative Strength Index (RSI) has reached 55.1, putting it inside a neutral zone. They expect $-0.02 earnings per share, down 200.00% or $0.04 from last year's $0.02 per share.

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Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

Shares of Rite Aid (NYSE RAD) traded down $0.12 during trading on Tuesday, reaching $1.76.

Rite Aid Corporation (RAD) shares are up 15.34% for the week and that has got investors and traders sitting up and taking note. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.01). It turned negative, as 34 investors sold MGIC Investment Corporation shares while 85 reduced holdings. Riverhead Capital Mgmt Limited Co has 0.02% invested in National Retail Properties, Inc. Dimensional Fund Advsr Lp owns 2.77 million shares for 0% of their portfolio. 92 funds opened positions while 651 raised stakes. Silvercrest Asset Grp Ltd Co stated it has 0.79% of its portfolio in EOG Resources, Inc. Nippon Life Glob Invsts Americas stated it has 59,150 shares or 0.46% of all its holdings. 50 funds opened positions while 91 raised stakes. Pennsylvania-based Pnc Svcs Grp Inc has invested 0% in Rite Aid Corporation (NYSE:RAD).

Pentwater Capital Management Lp increased Time Warner Inc (Call) stake by 40,000 shares to 1.10M valued at $110.34M in 2017Q2. Point72 Asia (Hong Kong) Ltd holds 0.24% or 77,412 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt invested 0.63% in Chevron Corporation (NYSE:CVX). During the same quarter in the previous year, the firm earned $0.03 earnings per share. research analysts predict that Rite Aid will post -0.1 EPS for the current year.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.86 and long-term debt to equity ratio also remained 0.73. It has a 15.43 P/E ratio. The firm operates through Retail Pharmacy and Pharmacy Services divisions. Perella Weinberg Mgmt Limited Partnership invested 0.16% of its portfolio in Rite Aid Corporation (NYSE:RAD). Its down 0.46, from 1.24 in 2017Q1. Guyasuta Inv Advsrs invested in 0.32% or 25,408 shares. Mark Sheptoff Financial Planning Ltd Liability Company reported 314,155 shares. 100 were reported by Pathstone Family Office Ltd Company. Boston Ltd Llc, a Massachusetts-based fund reported 79,500 shares.

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