Private Management Group Inc. Has $13.07 Million Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Private Management Group Inc. lifted its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 805,111 shares of the company’s stock after acquiring an additional 1,469 shares during the quarter. Private Management Group Inc. owned approximately 1.36% of United Natural Foods worth $13,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UNFI. EMC Capital Management boosted its holdings in shares of United Natural Foods by 17.7% in the 3rd quarter. EMC Capital Management now owns 4,606 shares of the company’s stock worth $65,000 after acquiring an additional 691 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of United Natural Foods in the 3rd quarter worth approximately $118,000. NBC Securities Inc. acquired a new position in shares of United Natural Foods in the 3rd quarter worth approximately $175,000. Handelsbanken Fonder AB acquired a new position in United Natural Foods during the 3rd quarter worth $186,000. Finally, Cerity Partners LLC lifted its holdings in United Natural Foods by 10.2% during the 4th quarter. Cerity Partners LLC now owns 12,774 shares of the company’s stock worth $207,000 after buying an additional 1,178 shares in the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Richard Eric Esper sold 4,375 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the completion of the transaction, the chief accounting officer now directly owns 32,865 shares of the company’s stock, valued at approximately $373,017.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

United Natural Foods Trading Down 2.2 %

Shares of UNFI traded down $0.20 during trading hours on Tuesday, reaching $8.90. The stock had a trading volume of 793,469 shares, compared to its average volume of 690,960. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 1.29. United Natural Foods, Inc. has a 52 week low of $8.81 and a 52 week high of $28.37. The firm has a 50-day moving average of $12.38 and a 200 day moving average of $14.35. The company has a market cap of $529.02 million, a P/E ratio of -4.56 and a beta of 0.56.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. The firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 EPS. On average, sell-side analysts expect that United Natural Foods, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Wells Fargo & Company reduced their price objective on United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Thursday, March 7th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $13.00 price objective (down previously from $15.00) on shares of United Natural Foods in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, United Natural Foods has a consensus rating of “Hold” and a consensus price target of $13.40.

United Natural Foods Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.