Paloma Partners Management Co grew its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 299.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,500 shares of the industrial products company’s stock after acquiring an additional 41,590 shares during the period. Paloma Partners Management Co’s holdings in HD Supply were worth $2,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC bought a new position in HD Supply during the second quarter worth about $106,000. Captrust Financial Advisors grew its holdings in HD Supply by 7,921.9% during the second quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,535 shares during the period. Cornerstone Advisors Inc. bought a new position in HD Supply during the second quarter worth about $141,000. Twin Tree Management LP bought a new stake in shares of HD Supply during the second quarter worth approximately $149,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of HD Supply by 61.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,496 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 1,331 shares during the period. Institutional investors own 94.84% of the company’s stock.

Shares of HD Supply stock traded down $0.41 during trading on Friday, hitting $41.92. The company’s stock had a trading volume of 2,363,052 shares, compared to its average volume of 1,813,135. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30. HD Supply Holdings Inc has a 52 week low of $34.02 and a 52 week high of $46.29. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.82 and a beta of 1.29.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. HD Supply’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, equities analysts anticipate that HD Supply Holdings Inc will post 3.3 earnings per share for the current fiscal year.

In other news, insider John Stegeman sold 57,200 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the transaction, the insider now owns 95,652 shares in the company, valued at $4,304,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jana Partners Llc sold 861,499 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total transaction of $37,380,441.61. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Raymond James lifted their price target on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. SunTrust Banks boosted their price objective on shares of HD Supply from $50.00 to $52.00 in a research report on Thursday, September 6th. Finally, Wolfe Research assumed coverage on shares of HD Supply in a research report on Wednesday, June 27th. They set an “outperform” rating for the company. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $48.00.

HD Supply Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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