Is Rite Aid Corporation (RAD) a Buy? The Stock Rises Again

Doris Richards
September 18, 2017

Litespeed Management Llc bought 165,000 shares as the company's stock declined 41.75% while stock markets rallied. The hedge fund run by Joseph Edelman held 1,600 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $24,000, down from 220,400 at the end of the previous reported quarter. The company's shares were given away at $8.38 per share worth to an income of some $2,959,766 on account of Montini Tony. Thanks to the latest 5.2% increase, it now trades at $2.63. It has underperformed by 111.52% the S&P500.

Rite Aid Corporation is a retail drugstore chain. Litespeed Management Llc who had been investing in Rite Aid Ord for a number of months, seems to be bullish on the $2.77B market cap company. The stock increased 0.39% or $0.44 on September 15, reaching $112.84. Lpl Llc has invested 0% in Rite Aid Corporation (NYSE:RAD). It has underperformed by 71.88% the S&P500. Cimarex Energy Co (NYSE:XEC) has risen 1.88% since September 17, 2016 and is uptrending. Therefore 17% are positive. Guggenheim reissued a "neutral" rating on shares of Rite Aid Corporation in a research report on Monday, July 3rd. Bank of America reinitiated the shares of RAD in report on Friday, June 30 with "Underperform" rating.

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The rating was downgraded by Evercore to "Hold" on Wednesday, January 6. The rating was downgraded by Mizuho to "Neutral" on Thursday, July 20. The rating was upgraded by Vetr on Friday, August 14 to "Buy". Zacks Investment Research upgraded Rite Aid Corporation from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 29th. The firm has "Underperform" rating given on Friday, June 30 by Evercore. The firm has "Hold" rating by Canaccord Genuity given on Thursday, August 11. Nordea Invest Mngmt invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD).

Investors sentiment decreased to 0.78 in Q4 2016. Days to cover increased 1.0 to 8.0 and the percentage of shorted shares is 0.12% as of August 31. It fall, as 67 investors sold Rite Aid Corporation shares while 114 reduced holdings. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Ancora Ltd invested 0.02% in Rite Aid Corporation (NYSE:RAD). About 1.78 million shares traded or 25.35% up from the average. Marshall Wace Ltd Liability Partnership holds 3.24M shares. 404 are owned by Envestnet Asset Mgmt Inc. Rite Aid Corporation had a negative net margin of 0.21% and a positive return on equity of 0.52%. Private Bancorporation Tru holds 0.07% or 56,500 shares.

Rite Aid Corporation (NYSE:RAD) had a decrease of 1.17% in short interest. Janus Ltd reported 994,605 shares. Cibc Ww Incorporated reported 0% stake. Acadian Asset Mgmt Limited Liability accumulated 0% or 19,708 shares. Alpine Management invested in 9.76 million shares or 2.1% of the stock. During the same quarter a year ago, the company earned $0.02 earnings per share. Dekabank Deutsche Girozentrale, a Germany-based fund reported 32,456 shares. Natl Bank Of New York Mellon Corp holds 42,361 shares. Fort Pitt Capital Group LLC bought a new stake in shares of Rite Aid Corporation in the first quarter valued at approximately $152,000. Rite Aid had 18 analyst reports since August 6, 2015 according to SRatingsIntel.

Investors sentiment decreased to 1.16 in 2016 Q4. Its up 0.33, from 0.76 in 2016Q3. It dived, as 84 investors sold OPHT shares while 28 reduced holdings. 10 funds opened positions while 21 raised stakes. In a transaction dated April. 15, 2015, the shares were put up for sale at an average price of $8.25, raking in a sum of $1,237,500. Baillie Gifford Comm accumulated 569,135 shares. Massmutual Trust Commerce Fsb Adv reported 0% in Markel Corporation (NYSE:MKL). Mark Sheptoff Planning Lc owns 313,955 shares. Clover Ptnrs LP owns 351,920 shares or 2.92% of their United States portfolio. 2,930 were accumulated by Pub Employees Retirement Association Of Colorado.

Ride Aid's shares were up 7.9 percent at $2.84 before the bell on Monday. Moreover, Washington Tru Savings Bank has 0% invested in Markel Corporation (NYSE:MKL).

The revamped merger plan called for selling up to 1,200 Rite Aid locations to another buyer to satisfy the FTC and was worth at least $2 billion less to Rite Aid shareholders. Markel Corporation had 7 analyst reports since August 7, 2015 according to SRatingsIntel.

Loop Capital initiated coverage by announcing an initial rating of "Hold". The company was maintained on Monday, September 11 by Jefferies. The stock has "Overweight" rating by Barclays Capital on Wednesday, April 27. RBC Capital Markets maintained Markel Corporation (NYSE:MKL) rating on Monday, August 28. Citigroup maintained it with "Buy" rating and $92 target in Thursday, August 4 report.

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