Published: Mon, January 29, 2018
Business | By Kate Woods

Rite Aid Corporation (RAD) Insider bought 75000 Shares


The firm explores for, develops, and produces oil, natural gas liquids, and gas. It has a 15.07 P/E ratio. It has activities primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle. Currently, Rite Aid Corporation (NYSE:RAD) has an average volume of 26.08 Million. Corsair Capital Management Lp acquired 30,000 shares as Kraton Corporation (KRA)'s stock rose 27.98%. Greenlight Capital Inc who had been investing in Rite Aid Corp for a number of months, seems to be less bullish one the $2.35B market cap company.

Rite Aid Corporation (NYSE:RAD) holds price to book ratio of 2.82 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. About 55,294 shares traded.

Ratings analysis reveals 60% of Pioneer Natural Resources's analysts are positive.

For the current quarter, 5 analysts are projecting a mean EPS of $-0.01/share. Moreover, J Goldman And Company Ltd Partnership has 0.01% invested in Dean Foods Company (NYSE:DF). The stock has an average rating of "Hold" and a consensus price target of $2.75. PXD was included in 5 notes of analysts from August 29, 2016. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation. The rating was maintained by Loop Capital on Friday, September 29 with "Hold". The consensus rating is 3, suggesting the market has given up on the stock. The original version of this piece can be accessed at https://weekherald.com/2018/01/27/rite-aid-rad-stock-rating-upgraded-by-vetr.html. The rating was initiated by Mizuho on Thursday, October 6 with "Neutral". This nets out to a decrease of 18.83 million shares and is another bearish sign for RAD. As per Thursday, January 19, the company rating was downgraded by Bernstein. It has underperformed by 8.24% the S&P500. This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

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The company now has an insider ownership of 0.3 Percent and Institutional ownership of 52.1 Percent. 250.18 million shares or 0.40% less from 251.19 million shares in 2017Q2 were reported. According to today's trading volume Rite Aid Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. (NASDAQ:TYME) to report $-0.06 EPS on February, 13.They anticipate $0.02 EPS change or 50.00% from last quarter's $-0.04 EPS. PXD's profit will be $112.31 million for 71.24 P/E if the $0.66 EPS becomes a reality.

Several analysts have released their opinion on Rite Aid Corporation (NYSE:RAD), with 1 analysts believing it is a strong buy.

Since October 3, 2017, it had 0 insider buys, and 1 insider sale for $58,915 activity. $58,915 worth of Rite Aid Corporation (NYSE:RAD) was sold by POTTER MYRTLE S.

Investors sentiment increased to 0.97 in Q3 2017. Its down 0.27, from 1.1 in 2017Q2. It is positive, as 42 investors sold TSN shares while 195 reduced holdings. 23 funds opened positions while 52 raised stakes.

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At the session level, shares of Insmed Incorporated (NASDAQ:INSM) moved -3.28% from the open. Benjamin F Edwards And Com stated it has 2,000 shares or 0% of all its holdings. Northpointe Lc stated it has 126,491 shares. New York-based Glg Llc has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Meeder Asset Mngmt Inc holds 698 shares.

Rite Aid Corporation is a retail drugstore chain. Blackrock holds 0.01% or 4.12 million shares. Tci Wealth Advsr invested in 0% or 34 shares.

Rite Aid Corp (NYSE:RAD) shares traded on 0.45% above secure line and closed at $2.23. The return on assets stands at 0.9%, Return on Equity now is 14.8% and the Return on Investment value is 11.1%. Guggenheim Cap Limited Co reported 80,857 shares stake. The company reported revenue of $0 in the same period past year. Parametric Port Assoc Ltd Liability, a Washington-based fund reported 73,801 shares.

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