SpartanNash (NASDAQ:SPTN) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in SpartanNash (NASDAQ:SPTN) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,427 shares of the company’s stock after selling 4,325 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SpartanNash were worth $1,242,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in SpartanNash during the 2nd quarter worth $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of SpartanNash during the second quarter worth about $34,000. Blue Trust Inc. boosted its holdings in SpartanNash by 5,317.6% in the second quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,808 shares during the last quarter. Signaturefd LLC grew its stake in SpartanNash by 64.9% during the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after purchasing an additional 709 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of SpartanNash in the second quarter worth $79,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

SpartanNash Stock Performance

Shares of SPTN opened at $19.41 on Wednesday. The stock has a market capitalization of $655.28 million, a PE ratio of 14.60 and a beta of 0.35. The business’s fifty day moving average price is $20.04 and its 200 day moving average price is $20.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Equities research analysts forecast that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Monday, December 9th. SpartanNash’s payout ratio is 65.41%.

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.