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Q2 Sentiment Rite Aid Corp (NYSE:RAD)

13 October 2017

TIAA CREF Investment Management LLC lessened its stake in Rite Aid Corporation (NYSE:RAD) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. For the most recent quarter, quick ratio was 0.7, current ratio was 1.7, LT Debt/Equity ratio was 12.88 and Total Debt/Equity ratio stands at 12.92, while Payout ratio is 0. It improved, as 6 investors sold Mobile Mini Inc shares while 51 reduced holdings.

Amazon.com, Inc. (NASDAQ:AMZN) now has a PEG ratio of 4.55 where as its P/E ratio is 252.57. Tompkins Corp holds 500 shares or 0% of its portfolio. Guggenheim downgraded the stock to "Neutral" rating in Wednesday, April 26 report. The New Jersey-based Prudential Fincl Inc has invested 0% in Rite Aid Corporation (NYSE:RAD). The active investment managers in our partner's database now hold: 539.25 million shares, down from 567.71 million shares in 2017Q1. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/10/13/ubs-asset-management-americas-inc-has-3-02-million-stake-in-rite-aid-corporation-rad.html. UBS maintained it with "Neutral" rating and $160 target in Tuesday, July 19 report. It has underperformed by 71.88% the S&P500. Finally, Teachers Advisors LLC boosted its holdings in shares of Rite Aid Corporation by 15.8% in the second quarter. Highland Capital Limited holds 5,203 shares. The stock has "Hold" rating by Loop Capital Markets on Monday, September 11. The Company's segments include Retail Pharmacy and Pharmacy Services. Along with these its last twelve month performance is stands at -76.89% while moved -63.66% for the past six months. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.90, which implies that analysts are generally neutral in their outlook for RAD over the next year.

When choosing stocks, many investors search for what Wall Street professionals think about the company first - like what the average rating is. Ledyard Retail Bank reported 400 shares or 0% of all its holdings. Evercore reinitiated Rite Aid Corporation (NYSE:RAD) on Friday, June 30 with "Underperform" rating. Caxton Assoc LP owns 0% invested in International Business Machines Corp. Tru Of Vermont holds 0% or 9,000 shares in its portfolio. The rating was maintained by Williams Capital Group on Friday, April 21 with "Buy". Its down 0.46, from 1.24 in 2017Q1. Amalgamated Bank now owns 192,751 shares of the company's stock valued at $569,000 after acquiring an additional 42,475 shares during the last quarter. Group holds 24,053 shares. Drexel Hamilton maintained it with "Buy" rating and $20000 target in Friday, July 14 report. Philadelphia accumulated 33,165 shares. Wells Fargo initiated ALLETE Inc (NYSE:ALE) on Thursday, October 15 with "Market Perform" rating. Quantitative Inv Management Ltd Liability holds 0.11% in Ciena Corporation (NYSE:CIEN) or 283,400 shares.

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Rite Aid Corporation (RAD) performance during the last one year degraded -75.85 percent, while its year to date (YTD) performance showed a negative trend of -78.4 percent. Amalgamated Bank lifted its stake in Rite Aid Corporation by 28.3% in the second quarter. Teacher Retirement Sys Of Texas holds 0% or 82,377 shares in its portfolio. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Seekingalpha.com and their article: "Rite Aid - Still Needs A Lot Of Aid" published on October 01, 2017 as well as Fool.com's news article titled: "Why Rite Aid Corporation Could Be a Gold Mine for Value Investors" with publication date: September 17, 2017.

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