Published: Sat, August 12, 2017
Business | By Max Garcia

Rite Aid Corporation (NYSE:RAD) Stake Reduced by Wellington Management Group LLP


Kellner Ltd Liability Corporation holds 1.48% or 318,500 shares in its portfolio. They issued an "underperform" rating and a $2.50 price target for the company. About 13.08 million shares traded.

Rite Aid Corp (NYSE:RAD) has average revenue estimates of $7.78 Billion, compared to low analyst estimates of $7.75 Billion and high estimates of $7.85 Billion for the current quarter. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation (NYSE:RAD) ended its day at $2.35 with the rising stream of 0.00% and its total traded volume was 11.48 million shares less than the average volume. Rite Aid Corp now has $2.36 billion valuation.

Presently Rite Aid Corporation (NYSE:RAD) stock have an ABR of 2.80. Therefore 18% are positive.

06/29/2017 - Rite Aid Corporation had its "neutral" rating reiterated by analysts at Guggenheim.

09/18/2015 - Rite Aid Corporation had its "buy" rating reiterated by analysts at UBS. Baldwin Brothers Ma stated it has 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Credit Suisse maintained it with "Buy" rating and $12500 target in Monday, July 24 report.

Franklin Resources Inc decreased its ownership in Rite Aid Corporation by 0.3% as of the end of the last quarter. The rating was maintained by Cantor Fitzgerald with "Hold" on Thursday, August 3. As per Thursday, August 13, the company rating was initiated by Bank of America. As per Friday, April 8, the company rating was downgraded by Deutsche Bank. The firm has "Underweight" rating given on Friday, January 15 by Barclays Capital. The rating was reinitiated by Bank of America with "Underperform" on Friday, June 30.

Investors sentiment increased to 1.13 in Q4 2016. Its up Infinity, from 0 in 2016Q3. The shares price go down so far this year; showing a decline of -72.69% and dropped with negative flow of -5.86% during recent week. State of New Jersey Common Pension Fund D boosted its position in Rite Aid Corporation by 46.3% in the second quarter. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.01) by $0.04. 928.49 million shares or 5.48% more from 880.26 million shares in 2016Q3 were reported. 250 were reported by Hartford Mgmt. Capital Management Corp Va, a Virginia-based fund reported 631,219 shares. Mufg Americas Corp owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 2,400 shares. Alpine Ptnrs Vi Llc invested in 2.52% or 652,999 shares. Rite Aid Corporation also was the target of unusually large options trading activity on Wednesday.

Rite Aid Corporation (NYSE:RAD) last announced its quarterly earnings results on Thursday, June 29th. Winfield Associate owns 90 shares. Stratos Wealth Partners LTD. increased its stake in shares of Rite Aid Corporation by 80.2% in the second quarter. First Republic Invest Management Incorporated holds 115,686 shares or 0.01% of its portfolio. In a transaction dated April 15, 2015, the shares were put up for sale at an average price of $8.25, raking in a sum of $1,237,500.

RAD has been the subject of several recent research reports.

Cowen Group Inc, which manages about $2.41 billion US Long portfolio, decreased its stake in Teva Pharmaceutical Inds Ltd (Call) (NYSE:TEVA) by 61,700 shares to 47,300 shares, valued at $1.72 million in 2016Q4, according to the filing.

In the latest earnings report the EPS was $-0.06 and is projected to be $-0.09 for the current year with 1,046,826,000 shares now outstanding. Therefore 69% are positive. (NASDAQ:GILD) has "Buy" rating given on Wednesday, October 5 by Jefferies. As per Thursday, September 17, the company rating was maintained by Mizuho. More interesting news about Walt Disney Co (NYSE:DIS) were released by: Fool.com and their article: "Why Walt Disney Co". Aberdeen Asset Management PLC/UK claims 242,283 shares with a value of $715,000.

Market cap - or market capitalization - refers to the total value of all a company's shares of stock. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

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