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Main » Rite Aid Corp (RAD): Stock's Stunning Activities

Rite Aid Corp (RAD): Stock's Stunning Activities

13 March 2018

The hedge fund run by Joshua Friedman held 2.00M shares of the medical and nursing services company at the end of 2017Q3, valued at $3.92 million, up from 481,175 at the end of the previous reported quarter. The firm has a market cap of $1,860.00, a PE ratio of 15.82 and a beta of 1.78. The stock decreased 3.58% or $0.54 during the last trading session, reaching $14.56. About 10.00 million shares traded. As per Friday, November 13, the company rating was downgraded by JP Morgan. It has underperformed by 29.77% the S&P500. Zacks Investment Research downgraded shares of Rite Aid from a "hold" rating to a "sell" rating in a research note on Tuesday, January 9th. Therefore 40% are positive. Evercore ISI started coverage on Rite Aid in a report on Thursday, January 4th. (NYSE:OKE) on Thursday, October 26 with "Hold" rating. The rating was maintained by Mizuho on Friday, October 6 with "Neutral". ONEOK had 72 analyst reports since August 11, 2015 according to SRatingsIntel. Mizuho maintained it with "Neutral" rating and $2.25 target in Friday, October 6 report. The firm has "Buy" rating by Vetr given on Friday, August 14. The rating was downgraded by Deutsche Bank on Friday, April 8 to "Hold".

Rite Aid Corporation (RAD) declined -2.22% yesterday to close its trading session at $1.76. Piper Jaffray upgraded the shares of VFC in report on Wednesday, October 14 to "Overweight" rating. Highfields Capital Management Lp acquired 25.00M shares as Rite Aid Corp (RAD)'s stock declined 41.75%. Finally, Staley Capital Advisers Inc. bought a new position in shares of Rite Aid in the 4th quarter worth about $197,000.

Investors sentiment increased to 2.82 in 2017 Q3. Its up 0.19, from 0.78 in 2017Q2. It increased, as 52 investors sold OKE shares while 103 reduced holdings. About 836,555 shares traded or 0.89% up from the average. The price of RAD is now at a -16.35% to its one-year price target of 2.08. Parametric Portfolio Associates LLC increased its holdings in Rite Aid by 18.2% in the 2nd quarter. Tower Rech Capital Ltd Llc (Trc) reported 1,619 shares or 0% of all its holdings.

Rite Aid Corporation is a retail drugstore chain.

Rite Aid Corporation (RAD) has a Return on Assets of 0.9 percent, Return on Investment of 11.1 percent and a Return on Equity of 14.8 percent. Earnings per share serves as an indicator of a company's profitability. 30,100 were reported by Wg Shaheen And Assocs Dba Whitney And. Los Angeles Equity Incorporated accumulated 27,490 shares. Dimensional Fund Advisors LP increased its holdings in Rite Aid by 0.4% in the 2nd quarter. Connor Clark And Lunn Invest Mgmt Limited reported 168,900 shares stake. Blair William And Il holds 25,291 shares or 0% of its portfolio. The firm has current ratio of 0.90 that indicates firm has capacity of total assets to cover its short-term and long term obligations.

Since October 3, 2017, it had 0 insider buys, and 1 insider sale for $58,915 activity.

Several analysts recently issued reports on the company.

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The Stock now has Analyst' mean Recommendation of 3 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Therefore 47% are positive. The Mosaic Company had 91 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Thursday, March 23 by BMO Capital Markets. They set a "hold" rating and a $2.25 target price for the company. The rating was upgraded by Vertical Research to "Hold" on Thursday, August 17. The company was maintained on Thursday, August 4 by Citigroup. Vetr has "Buy" rating and $10.14 target. Goldman Sachs Gp holds 0% of its portfolio in DXP Enterprises, Inc. Glacier Peak Capital Ltd invested in 44,000 shares. 159,635 are owned by Tiedemann Wealth Management Limited Com.

The Stock has Weekly volatility of 2.93% and monthly volatility of 4.84%. Louisiana State Employees Retirement Systems has 0.01% invested in DXP Enterprises, Inc.

Toronto Dominion Bank, which manages about $31.12B US Long portfolio, decreased its stake in Mallinckrodt Plc (NYSE:MNK) by 26,616 shares to 13,605 shares, valued at $509,000 in 2017Q3, according to the filing. Wellington Shields Mngmt Lc owns 33,010 shares. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported. The company has a total of 565.1 Million shares outstanding. (NYSE:OKE). Moreover, Parsons Cap Ri has 0.03% invested in ONEOK, Inc.

As of now, Applied Optoelectronics, Inc. has a P/S, P/E and P/B values of 1.53, 9.07 and 1.8 respectively. Sandy Spring National Bank & Trust stated it has 0% of its portfolio in The Mosaic Company (NYSE:MOS).

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

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