SpartanNash (NASDAQ:SPTN) Shares Sold by EMC Capital Management

EMC Capital Management lowered its position in SpartanNash (NASDAQ:SPTN) by 63.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,604 shares of the company’s stock after selling 9,576 shares during the period. EMC Capital Management’s holdings in SpartanNash were worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of SpartanNash in the second quarter valued at approximately $638,000. AQR Capital Management LLC grew its stake in SpartanNash by 17.8% in the 2nd quarter. AQR Capital Management LLC now owns 197,551 shares of the company’s stock valued at $3,706,000 after acquiring an additional 29,849 shares during the last quarter. Mackenzie Financial Corp increased its position in SpartanNash by 14.1% during the second quarter. Mackenzie Financial Corp now owns 14,274 shares of the company’s stock worth $268,000 after buying an additional 1,768 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of SpartanNash in the second quarter valued at $317,000. Finally, Point72 Asset Management L.P. increased its position in SpartanNash by 90.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 12,400 shares of the company’s stock worth $233,000 after purchasing an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Thursday.

SpartanNash Stock Performance

SpartanNash stock opened at $18.23 on Friday. The stock has a fifty day moving average price of $18.56 and a 200 day moving average price of $20.07. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The firm has a market capitalization of $615.35 million, a P/E ratio of 13.71 and a beta of 0.35. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. SpartanNash’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Equities research analysts anticipate that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Monday, December 9th. SpartanNash’s payout ratio is currently 65.41%.

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.