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Scan For Analyst Views: Hawaiian Holdings, Inc. (HA), Rite Aid Corporation (RAD)

14 November 2017

BLACKROCK INC. lowered its stake in Rite Aid Corporation (NYSE:RAD) by 16.02% during the June 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

About 1.25 million shares traded.

Checking out a public company's Earnings per Share (EPS) is a smart way of assessing its profitability.

Price to Sale ratio of the company stands at 0.05 while Price to Book Ratio stands at 2.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.29% of the company's stock. The portion of a company's profit allocated to each outstanding share of common stock was $0.08 a share in the trailing twelve months. It also reduced its holding in Agco Corp (NYSE:AGCO) by 138,804 shares in the quarter, leaving it with 99,772 shares, and cut its stake in Delek Us Hldgs Inc (NYSE:DK). 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 1.70 as current ratio and on the opponent side the debt to equity ratio was 9.74 and long-term debt to equity ratio also remained 9.71.

A few notable investment firms have updated their holdings. The hedge fund run by David Costen Haley held 1.14M shares of the medical and nursing services company at the end of 2017Q2, valued at $3.36 million, up from 240,000 at the end of the previous reported quarter. The Japan-based Nomura Holding Inc has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Schwab Charles Investment Management Inc. now owns 3,896,788 shares of the company's stock valued at $7,638,000 after acquiring an additional 992,918 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Rite Aid Corporation by 1.7% during the third quarter. Atlas Brown Inc. now owns 103,000 shares of the company's stock valued at $304,000 after acquiring an additional 31,000 shares in the last quarter. BB&T Corp had 75 analyst reports since July 17, 2015 according to SRatingsIntel. Rite Aid Corporation has an average rating of "Hold" and an average target price of $3.68.

Loomis Sayles & Company LP Has Lifted Its Oracle Corp (ORCL) Holding
It is flat, as 49 investors sold ORCL shares while 572 reduced holdings. only 140 funds opened positions while 449 raised stakes. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $205.50B.

Three months ago, on the other hand, the average analyst rating for Rite Aid Corporation (RAD) was a Hold - from a survey of 5 analysts. Royal Bank Of Canada assumed coverage on shares of Rite Aid Corporation in a research note on Tuesday, September 19th.

On September 29 Loop Capital kept the company rating at "Hold" targeting a price of $2.00. Guggenheim reaffirmed a "neutral" rating on shares of Rite Aid Corporation in a research note on Monday, July 3rd. Royal Bank of Canada's price target would suggest a potential upside of 27.39% from the stock's current price.

Rite Aid Corp (NYSE:RAD) shares traded on -5.92% below secure line and closed at $1.43. Old Second National Bank Of Aurora who had been investing in B B & T Corp for a number of months, seems to be bullish on the $36.39 billion market cap company. The stock of Rite Aid Corporation (NYSE:RAD) has "Buy" rating given on Wednesday, August 19 by Vetr.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on December, 28. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.01). RAD now has a profit margin of 0.30%. The firm had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.83 billion. This showed a surprise of 0% in the last quarter earnings. Rite Aid Corporation's revenue for the quarter was down 4.4% compared to the same quarter last year. equities research analysts predict that Rite Aid Corporation will post -0.1 EPS for the current fiscal year. Camber Cap Mngmt Lc reported 0.72% in Rite Aid Corporation (NYSE:RAD). If you are viewing this story on another website, it was copied illegally and reposted in violation of US and global copyright law. The correct version of this story can be accessed at https://weekherald.com/2017/11/13/rite-aid-corporation-rad-short-interest-up-31-7-in-october.html. The Firm operates under The Rite Aid name. The company operates in two business segments: the retail drug segment and the pharmacy benefit management segment. Rite Aid had 22 analyst reports since August 6, 2015 according to SRatingsIntel.