SpartanNash (NASDAQ:SPTN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in SpartanNash (NASDAQ:SPTN) by 7.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 65,813 shares of the company’s stock after selling 5,502 shares during the period. New York State Teachers Retirement System’s holdings in SpartanNash were worth $1,475,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPTN. American Century Companies Inc. lifted its stake in SpartanNash by 20.0% in the second quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock valued at $13,963,000 after buying an additional 123,952 shares during the last quarter. Dana Investment Advisors Inc. increased its holdings in shares of SpartanNash by 14.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after acquiring an additional 41,619 shares during the period. SageView Advisory Group LLC purchased a new stake in SpartanNash in the 1st quarter valued at $789,000. Foundry Partners LLC boosted its stake in SpartanNash by 31.5% during the 2nd quarter. Foundry Partners LLC now owns 160,305 shares of the company’s stock worth $3,007,000 after purchasing an additional 38,425 shares during the period. Finally, Marshall Wace LLP purchased a new position in SpartanNash during the 2nd quarter worth $638,000. 84.59% of the stock is owned by institutional investors and hedge funds.

SpartanNash Trading Down 4.2 %

Shares of SPTN stock opened at $18.94 on Friday. The company has a market capitalization of $639.13 million, a P/E ratio of 14.24 and a beta of 0.39. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $21.62 and its two-hundred day moving average is $20.43. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. SpartanNash’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Equities analysts forecast that SpartanNash will post 1.98 EPS for the current year.

SpartanNash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were issued a dividend of $0.218 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 annualized dividend and a yield of 4.60%. SpartanNash’s dividend payout ratio is currently 65.41%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday.

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.