Dissecting the Insider Trading Patterns of Rite Aid Corporation (RAD)

Dissecting the Insider Trading Patterns of Rite Aid Corporation (RAD)

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Rite Aid Corp (NYSE:RAD) has a current PEG of 0. The stock increased 0.52% or $0.28 during the last trading session, reaching $53.68.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. MEDNAX, Inc. (NYSE:MD) has declined 18.20% since January 11, 2017 and is downtrending. It has underperformed by 7.13% the S&P500.

"With the CDC reporting widespread flu activity, health experts are predicting that the 2017-2018 flu season will be one of the worst in recent history", says Jocelyn Konrad, Rite Aid executive vice president of pharmacy.

Longview Partners Guernsey Ltd decreased its stake in Mednax Inc (MD) by 50.4% based on its latest 2017Q3 regulatory filing with the SEC. Institutional investors and hedge funds own 50.72% of the company's stock. The Westchester Capital Management Llc holds 368,200 shares with $722,000 value, down from 5.51M last quarter. (SJR) over recent time; they noted that 0.58 million shares changed at hands contradiction to its average trading volume of 0.58 million. The stock dropped -2.85% beyond one week and climbed 0.34% during previous one month session. About 21.01M shares traded. It has underperformed by 16.70% the S&P500. A sudden increase in activity can be a sign that investors are trading in anticipation of a catalyst. Its down 0.06, from 0.95 in 2017Q2.

A number of institutional investors have recently bought and sold shares of the stock. 43 funds opened positions while 87 raised stakes. The company have shares float of 226.02 million.

State Of New Jersey Common Pension Fund D holds 0.05% or 6.10M shares.

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Rite Aid (NYSE:RAD) last announced its quarterly earnings data on Thursday, December 22nd. Cibc Commercial Bank Usa reported 69,500 shares stake. Kbc Gru Nv reported 0% stake. Oppenheimer Asset Management holds 0.01% or 13,805 shares in its portfolio. Based on an average trading volume of 35,370,246 shares, the short-interest ratio is now 4.7 days. Comerica Bankshares invested in 0% or 51,965 shares. Nj State Employees Deferred Compensation Plan holds 300,000 shares or 0.11% of its portfolio. Smithfield Tru reported 0.01% stake. Glenmede Trust Com Na holds 0% or 8,850 shares. Finally, Pacer Advisors Inc. increased its holdings in shares of Rite Aid by 13.7% in the second quarter. Wg Shaheen Assocs Dba Whitney has 30,100 shares. Financial Bank Of America Corporation De holds 0% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 1.07 million shares.

Analyst mean recommendation rating on a stock by the analyst community is at 2.30. Therefore 24% are positive.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. As per Wednesday, November 1, the company rating was maintained by KeyBanc Capital Markets. Evercore reinitiated the stock with "Underperform" rating in Friday, June 30 report. The rating was upgraded by Canaccord Genuity on Wednesday, July 22 to "Buy". The company was downgraded on Wednesday, April 26 by Guggenheim. The firm has "Neutral" rating by Credit Suisse given on Thursday, October 29. Another trade for 304,260 shares valued at $10.98 million was sold by Caruso Daniel. $28,379 worth of Zayo Group Holdings, Inc.

Massachusetts Financial Services Company, which manages about $230.32B US Long portfolio, decreased its stake in Vmware Inc (NYSE:VMW) by 17,496 shares to 31,538 shares, valued at $3.44 million in 2017Q3, according to the filing.

Among new and sold out positions, 45 holders initiated new positions by a total of 21.14 million shares and 63 holders exited their positions by a total of 37.44 million shares.

When we look at the Analyst Recommendations of the stock, the company has 3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 67% are positive. Telus Corporation had 18 analyst reports since August 4, 2015 according to SRatingsIntel. Raymond James maintained Canadian Pacific Railway Limited (TSE:CP) on Thursday, January 19 with "Outperform" rating. (NYSE:ZAYO) has "Buy" rating given on Tuesday, November 24 by Suntrust Robinson. At the moment, the stock of Intel has a standard deviation of 0.48. Jefferies downgraded the shares of OXY in report on Tuesday, January 12 to "Hold" rating. As per Friday, October 6, the company rating was maintained by Mizuho. The stock of Canadian Pacific Railway Limited (TSE:CP) has "Sector Perform" rating given on Wednesday, December 9 by RBC Capital Markets. The firm earned "Hold" rating on Monday, August 7 by Jefferies. The firm has "Hold" rating by Loop Capital Markets given on Monday, September 11.

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