AMH Equity Ltd Raises Position in SpartanNash (NASDAQ:SPTN)

AMH Equity Ltd increased its holdings in shares of SpartanNash (NASDAQ:SPTN) by 316.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 125,000 shares of the company’s stock after purchasing an additional 95,000 shares during the period. SpartanNash comprises 2.3% of AMH Equity Ltd’s holdings, making the stock its 12th largest holding. AMH Equity Ltd’s holdings in SpartanNash were worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPTN. Bank of New York Mellon Corp raised its holdings in shares of SpartanNash by 13.3% in the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company’s stock worth $8,822,000 after buying an additional 56,677 shares during the last quarter. Dean Investment Associates LLC raised its stake in SpartanNash by 54.2% in the 3rd quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after acquiring an additional 66,178 shares during the last quarter. Foundry Partners LLC lifted its position in SpartanNash by 16.5% during the 3rd quarter. Foundry Partners LLC now owns 186,680 shares of the company’s stock worth $4,183,000 after acquiring an additional 26,375 shares during the period. Empowered Funds LLC grew its stake in SpartanNash by 5.1% during the 4th quarter. Empowered Funds LLC now owns 178,347 shares of the company’s stock valued at $3,267,000 after purchasing an additional 8,652 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of SpartanNash by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 163,673 shares of the company’s stock valued at $2,998,000 after purchasing an additional 4,596 shares during the period. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPTN has been the subject of a number of research reports. StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th.

SpartanNash Stock Performance

NASDAQ SPTN opened at $19.94 on Thursday. The firm has a market capitalization of $673.07 million, a P/E ratio of -1,994.00 and a beta of 0.34. The stock has a 50-day simple moving average of $18.65 and a two-hundred day simple moving average of $19.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the firm earned $0.35 EPS. On average, equities analysts forecast that SpartanNash will post 1.79 earnings per share for the current year.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.