How Insiders and Institutions are Trading Rite Aid Corporation (RAD)

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Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $2.00 price target on shares of Rite Aid in a research note on Monday, October 2nd. As per Wednesday, November 18, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Evercore on Wednesday, January 6 to "Hold". The firm earned "Neutral" rating on Friday, October 6 by Mizuho. The rating was reinitiated by Evercore on Friday, June 30 with "Underperform". Loop Capital maintained the stock with "Hold" rating in Friday, September 29 report. OxFORD Asset Management LLP acquired a new stake in Rite Aid in the 2nd quarter valued at about $14,659,000. Pentwater Capital Management Lp who had been investing in Rite Aid Corp for a number of months, seems to be less bullish one the $1.90B market cap company.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. Insider ownership increased by a total of 1.02 million shares, which suggests that RAD's key executives are feeling more optimistic about the outlook for the stock. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since December 7, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

Investors sentiment decreased to 0.78 in 2017 Q2. Its down 0.34, from 1.15 in 2017Q1. It dropped, as 85 investors sold RAD shares while 96 reduced holdings. This works out to a net decrease in ownership of 12.04 million shares, and suggests that institutions are feeling bearish about the stock. (NYSE:RAD) remained flat at $$1.79 during midday trading on Thursday. The Florida-based Harvey Management Incorporated has invested 0.1% in Rite Aid Corporation (NYSE:RAD). Advisor Group Inc. lifted its holdings in shares of Rite Aid by 49.8% during the 2nd quarter. After having $-0.01 EPS previously, Rite Aid Corporation's analysts see 100.00% EPS growth. However a year ago for the same quarter the company has reported $0.34 EPS.

The stock has a market cap of $2.01B and the number of outstanding shares has been calculated 1.14B. Natixis has invested 0.13% in Rite Aid Corporation (NYSE:RAD). Webster Retail Bank N A holds 197,261 shares. Ubs Asset Management Americas Inc reported 1.02M shares stake. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company's stock valued at $17,700,000 after acquiring an additional 1,900,000 shares in the last quarter.

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Rite Aid Corp (NYSE:RAD) 52-week high price stands at $8.77 and low price stands at $1.38, its price distance from 52-week high is -79.59% while its distance from 52-week low price is 29.71%. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Fool.com and their article: "Is Rite Aid Corporation Stock Now Too Cheap to Pass Up?" published on November 08, 2017 as well as Benzinga.com's news article titled: "With Rite Aid Uncertainty Behind It, Could Walgreens Go Shopping?" with publication date: December 04, 2017. Glg Ltd Com has invested 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). The hedge fund run by Matthew Halbower held 2.05 million shares of the medical and nursing services company at the end of 2017Q2, valued at $6.06 million, down from 15.60 million at the end of the previous reported quarter.

Among 37 analysts covering Cisco Systems Inc. (NYSE:LDOS) to report earnings on February, 22. The company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.01). ETE's profit will be $324.39M for 13.56 P/E if the $0.30 EPS becomes a reality. After $0.95 actual EPS reported by Leidos Holdings, Inc. for the previous quarter, Wall Street now forecasts -14.74% negative EPS growth.

In terms of Buy, Sell or Hold recommendations, Rite Aid Corp (NYSE:RAD) has analysts' mean recommendation of 2.9. Therefore 28% are positive. As per Wednesday, August 19, the company rating was upgraded by Vetr. Credit Suisse upgraded the stock to "Outperform" rating in Monday, November 21 report. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. The firm earned "Buy" rating on Friday, November 3 by Citigroup. The company was maintained on Thursday, August 17 by Robert W. Baird. (NASDAQ:CSCO) on Thursday, August 18 with "Overweight" rating. The rating was maintained by Piper Jaffray with "Buy" on Wednesday, August 16. The rating was downgraded by Mizuho to "Neutral" on Thursday, July 20.

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