Rite Aid Corp (RAD) Shareholder Salzhauer Michael Boosted Its Position

September 12, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.26, from 1.18 in 2016Q3. It is negative, as 67 investors sold RAD shares while 114 reduced holdings. 39 funds opened positions while 128 raised stakes. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. Ci Glob Invests holds 1.25% or 6.31M shares in its portfolio. Capstone Asset Mngmt Co reported 0.01% in Rite Aid Corporation (NYSE:RAD). Glenmede Tru Company Na holds 8,850 shares. Moreover, Calvert Invest Inc has 0.03% invested in Rite Aid Corporation (NYSE:RAD). Pennsylvania Tru has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Bnp Paribas Investment Prns Sa has 40,369 shares for 0% of their portfolio. Tompkins Financial Corporation holds 0% in Rite Aid Corporation (NYSE:RAD) or 500 shares. Decatur Capital Management stated it has 0.56% in Rite Aid Corporation (NYSE:RAD). Glob X Com Ltd owns 7,662 shares. The Massachusetts-based Boston has invested 0% in Rite Aid Corporation (NYSE:RAD). Macquarie Grp Limited invested in 0% or 22,300 shares. Alpine Prtn Vi Ltd Liability Company, a New York-based fund reported 652,999 shares. Panagora Asset Inc reported 346,380 shares. Moreover, Yakira Mgmt has 6.16% invested in Rite Aid Corporation (NYSE:RAD) for 1.53M shares. Wellington Shields Capital Ltd Liability invested 0.04% of its portfolio in Rite Aid Corporation (NYSE:RAD).

Salzhauer Michael increased its stake in Rite Aid Corp (RAD) by 3612.45% based on its latest 2016Q4 regulatory filing with the SEC. Salzhauer Michael bought 541,868 shares as the company’s stock declined 41.75% while stock markets rallied. The institutional investor held 556,868 shares of the medical and nursing services company at the end of 2016Q4, valued at $4.59 million, up from 15,000 at the end of the previous reported quarter. Salzhauer Michael who had been investing in Rite Aid Corp for a number of months, seems to be bullish on the $2.51B market cap company. The stock declined 4.22% or $0.11 reaching $2.38 on the news. About 7.45 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since September 12, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Seekingalpha.com which released: “Rite Aid: The Turning Point” on August 13, 2017, also Businesswire.com with their article: “Rite Aid Corporation Announces Leadership Changes” published on September 06, 2017, Fool.com published: “Better Buy: Valeant Pharmaceuticals International, Inc. vs. Rite Aid Corporation” on September 02, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Post-Gazette.com and their article: “Ex-Rite Aid Stores chief executive to become CEO of GNC” published on September 06, 2017 as well as Investorplace.com‘s news article titled: “Can Rite Aid Corporation (RAD) Stock Survive on its Own?” with publication date: August 31, 2017.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 12 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 8 Hold. Therefore 17% are positive. Rite Aid had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Loop Capital Markets initiated the stock with “Hold” rating in Monday, September 11 report. Vetr downgraded it to “Buy” rating and $9.51 target in Thursday, August 6 report. Mizuho maintained the stock with “Buy” rating in Thursday, September 17 report. Bank of America initiated it with “Buy” rating and $11 target in Thursday, August 13 report. The company was downgraded on Thursday, July 20 by Mizuho. The stock of Rite Aid Corporation (NYSE:RAD) has “Neutral” rating given on Wednesday, April 26 by Guggenheim. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 29. The company was reinitiated on Friday, June 30 by Bank of America. The stock has “Neutral” rating by JP Morgan on Friday, November 13. On Wednesday, January 6 the stock rating was downgraded by Evercore to “Hold”.

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