Published: Wed, December 06, 2017
Finance | By Loren Pratt

Rite Aid (NYSE:RAD) Raised to "Hold" at Zacks Investment Research


(NYSE:EOG). Chevy Chase Holdg Inc, a Maryland-based fund reported 795,457 shares. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The volume of the company in the last trading session was 32.5 Million. About 5.00M shares traded. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since December 4, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Pentwater Capital Management Lp decreased Rite Aid Corp (RAD) stake by 86.83% reported in 2017Q2 SEC filing. The firm owned 86,114,462 shares of the company's stock after buying an additional 1,326,359 shares during the period. The hedge fund run by Jonathon Jacobson held 22.00 million shares of the medical and nursing services company at the end of 2017Q2, valued at $64.90 million, up from 19.00 million at the end of the previous reported quarter.

Institutional investors now hold around $1.05 billion or 52.2% in RAD stock.

Apple Inc. (AAPL) analysts on average have given a price target of $2.18 on AAPL stock. The investor is now holding $145.49 million shares due in part to a decrease of 11.68 million new shares in their portfolio.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on December, 28. It has underperformed by 71.88% the S&P500.

Mizuho set a $2.00 target price on shares of Rite Aid and gave the stock a "hold" rating in a report on Saturday, October 7th. Therefore 14% are positive. Guggenheim lowered Rite Aid from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 25th. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with "Sell".


Forte Capital Llc increased Paychex Inc (PAYX) stake by 21.72% reported in 2017Q2 SEC filing. Morgan Stanley upgraded the shares of NNN in report on Thursday, July 23 to "Overweight" rating. The firm has "Neutral" rating by Credit Suisse given on Thursday, October 29. Mason Capital Management Llc sold 2.29 million shares as the company's stock declined 41.75% while stock markets rallied. RBC Capital Markets maintained the shares of D in report on Sunday, September 24 with "Hold" rating. The rating was reinitiated by Bank of America with "Underperform" on Friday, June 30. The stock has "Buy" rating by Bank of America on Thursday, August 13. They issued a "sector perform" rating and a $2.50 price target for the company. (NYSE:D) was released by: Nasdaq.com and their article: "Dominion Energy, Inc". This showed a surprise of 0% in the last quarter earnings.

The company's diluted EPS for trailing twelve months was 0.08. After $1.04 actual earnings per share reported by Dominion Energy, Inc. for the previous quarter, Wall Street now forecasts -14.42% negative EPS growth. The Ftb Advisors Inc holds 20,801 shares with $2.21M value, up from 17,704 last quarter.

Investors sentiment decreased to 1.02 in 2017 Q2. Its down 0.14, from 1.22 in 2017Q1. Nadler Fincl Gru invested in 0.01% or 10,000 shares. 38 funds opened positions while 124 raised stakes. Franklin Resource reported 34.14M shares or 0.05% of all its holdings. 4,231 are held by First Interstate Bank. It also reduced its holding in Versum Materials by 676 shares in the quarter, leaving it with 1,786 shares, and cut its stake in Colgate (NYSE:CL). Jefferies Grp Inc Ltd Co holds 537,451 shares. Stratos Wealth Ltd accumulated 183,911 shares. Dimensional Fund Advsr Lp owns 2.85 million shares or 0.01% of their U.S. portfolio. Moreover, Wesbanco Bancorporation Inc has 0.2% invested in National Retail Properties, Inc. (NYSE:D). Mogy Joel R Counsel Inc has invested 0.05% in Dominion Energy, Inc. Qs Invsts Ltd holds 0% or 66,293 shares in its portfolio.

Investors sentiment decreased to 0.78 in Q2 2017. Its up 0.06, from 0.97 in 2017Q1.

Rite Aid (NYSE:RAD) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday, November 17th. On a different note, the stock is 4.69% above its 50-day moving average, providing a measure of support for short positions. 539.25 million shares or 5.01% less from 567.71 million shares in 2017Q1 were reported. Symons Capital Mngmt invested in 3.96 million shares or 2.85% of the stock. Moreover, Tarbox Family Office has 0% invested in Rite Aid Corporation (NYSE:RAD) for 1,500 shares. Camber Cap Mngmt Ltd Com has 0.72% invested in Rite Aid Corporation (NYSE:RAD) for 5.00 million shares. Point72 Asia (Hong Kong) reported 0.24% stake. Rite Aid Corporation had a negative return on equity of 7.51% and a net margin of 0.28%. Royal Bank Of Canada started coverage on Rite Aid Corporation in a research report on Tuesday, September 19th. Quantitative Systematic Strategies Ltd Liability accumulated 25,265 shares. Eii Capital Management Inc acquired 8,725 shares as National Retail Pptys Inc Com (NNN)'s stock declined 15.61%.

Several other institutional investors have also bought shares of the company. Parametric Portfolio Assoc Limited Liability Company stated it has 2.08 million shares or 0.01% of all its holdings. Gmt Capital has invested 0.08% in Rite Aid Corporation (NYSE:RAD).

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