It is down 20.72% since September 13, 2016 and is uptrending. It has outperformed by 27.93% the S&P500.
Rite Aid Corporation has a consensus hold rating from 7 Wall Street analysts, and the number of shares now sold short amount to at least 12.05% of shares outstanding. Therefore 17% are positive. The rating was downgraded by Goldman Sachs on Thursday, October 29 to "Neutral". Overland Advisors Llc acquired 3.50M shares as Rite Aid Corp (RAD)'s stock declined 41.75%.
Recent session action on shares of Rite Aid Corporation (NYSE:RAD) puts the stock on today's active list. (NYSE:PM) earned "Hold" rating by SBG Securities on Friday, August 11. The firm has "Underperform" rating given on Friday, June 30 by Bank of America. As per Thursday, August 13, the company rating was initiated by Bank of America. The firm earned "Neutral" rating on Thursday, July 20 by Mizuho.
Since March 14, 2017, it had 0 insider purchases, and 8 sales for $2.39 million activity.
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Institutional investors have recently bought and sold shares of the company. 95 funds opened positions while 279 raised stakes. Docter Jan L sold $2.79 million worth of stock or 1,500 shares. Hourglass Ltd Limited Liability Company reported 13,500 shares. Johnson Fincl Gru reported 89 shares or 0% of all its holdings. Bb&T Corp holds 0.5% or 268,845 shares in its portfolio. Sand Grove Capital Management LLP now owns 3,493,000 shares of the company's stock valued at $26,477,000 after buying an additional 2,758,000 shares during the period. Icon Advisers Inc Com holds 0.04% of its portfolio in Microsemi Corporation (NASDAQ:MSCC) for 9,800 shares. It was reported on Sep, 13 by Barchart.com. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corp has 0.06% invested in Microsemi Corporation (NASDAQ:MSCC). Huntington State Bank stated it has 0% of its portfolio in ENSCO PLC (NYSE:ESV). Teacher Retirement Systems Of Texas holds 9,039 shares. Howe & Rusling Incorporated holds 65 shares or 0% of its portfolio. Litespeed Management L.L.C. increased its stake in shares of Rite Aid Corporation by 181.7% in the second quarter. It also reduced Abbvie Inc (NYSE:ABBV) stake by 2.01 million shares and now owns 5.95M shares. Vanguard Index Fds (VNQ) was raised too. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Therefore 56% are positive. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). The rating was upgraded by Goldman Sachs on Wednesday, September 21 to "Buy". The rating was maintained by Mizuho on Thursday, September 17 with "Buy". Stifel Nicolaus maintained the stock with "Buy" rating in Friday, September 1 report. (NASDAQ:INFN) on Friday, February 10 with "Strong Buy" rating. RBC Capital Markets has "Top Pick" rating and $46 target. The stock has "Hold" rating by Evercore on Wednesday, January 6. The company was upgraded on Friday, April 15 by Morgan Stanley. The firm has "Hold" rating by Deutsche Bank given on Friday, April 8. Price changes in a company's bonds in credit markets often predict parallel changes in its stock price. That's a potential 6.69 increase relative to where Rite Aid Corporation (NYSE:RAD) has been trading recently. It has underperformed by 71.88% the S&P500.The move comes after 5 months positive chart setup for the $2.62B company.
Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.03, from 0.91 in 2016Q3.
A number of other hedge funds have also added to or reduced their stakes in RAD. Bessemer Gru reported 2.16 million shares. Menora Mivtachim Limited accumulated 215,000 shares. M&T Retail Bank Corp has 0.08% invested in Rite Aid Corporation (NYSE:RAD) for 1.65 million shares. Loop Capital assumed coverage on Rite Aid Corporation in a report on Monday. Schwab Charles stated it has 0.03% in Rite Aid Corporation (NYSE:RAD). Guggenheim reiterated a "neutral" rating on shares of Rite Aid Corporation in a report on Monday, July 3rd. Davenport & Communication Lc owns 36,466 shares or 0.77% of their United States portfolio. Creative Planning invested 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). About 1.44 million shares traded. Zacks Investment Research upgraded shares of Rite Aid Corporation from a "sell" rating to a "hold" rating in a research report on Wednesday, November 23rd. Halcyon Mngmt Prns Ltd Partnership reported 6.25% stake. Tcw Gp holds 133,887 shares or 1.48% of its portfolio. Rite Aid Corp now has $2.52 billion valuation. Berkley W R Corp who had been investing in Rite Aid Corp (Call) for a number of months, seems to be less bullish one the $2.68 billion market cap company. The Company's segments include Retail Pharmacy and Pharmacy Services. It now has negative earnings.
Equitec Proprietary Markets Llc decreased its stake in Rite Aid Corp (RAD) by 49.99% based on its latest 2016Q4 regulatory filing with the SEC.