Other institutional investors also recently bought and sold shares of the company.
Consumer stocks were broadly lower today, with shares of consumer staples companies in the S&P 500 sinking over 2.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were falling almost 0.4%.
Rite Aid Corporation (NYSE:RAD) is worth US$2.29 Billion and has recently risen 3.29% to US$2.2.
Want to see what other hedge funds are holding RAD? Highfields Capital Management Lp acquired 25.00M shares as Rite Aid Corp (RAD)'s stock declined 41.75%. Trust Company Of Vermont holds 0% or 9,000 shares in its portfolio.
The retail REIT's shares were up around 2 percent Tuesday afternoon on the news. Harbor Advisors LLC grew its stake in shares of Rite Aid by 300.0% in the third quarter. Currently, 13.6% of the company's shares are sold short.
Albertsons is a private company, but once the share exchanges are complete, almost 393 million outstanding shares will be traded on the New York Stock Exchange, the news release states.
Shares of Rite Aid Co. (NYSE RAD) opened at $2.13 on Monday. He said no acquisitions of Maryland Rite Aids would be finalized until next month. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.59 and a current ratio of 0.86.
Among new and sold out positions, 61 holders initiated new positions by a total of 11.77 million shares and 45 holders exited their positions by a total of 36.73 million shares. Evercore ISI assumed coverage on shares of Rite Aid in a research note on Thursday, January 4th.
Canada's Sharpe win freestyle halfpipe gold
Sharpe is deeply competitive in a way that can only be honed from a young age growing up with and trying to outdo two brothers. Tragically, Burke died in January, 2012, when she ruptured an artery that supplies blood to the brain during a training crash.
Diamondbacks acquire slugger Steven Souza in 3-team trade
From Woodridge, Ill., he played at Naperville (Ill.) High, which produced 16-year Major League Baseball vet Jerry Hairston. He set career highs in OBP (.351), slugging (.459), runs scored (78), home runs (30), RBI (78), and steals (16).
And they're not the only companies trying to stay above water.
Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on April, 24. The forecast of 7 surveyed investment analysts covering the stock advises investors to Buy stake in the company.
When it comes to the Analysis of a Stock, Price Target plays a vital role.
TRADEMARK VIOLATION WARNING: This piece was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of United States & global copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.equitiesfocus.com/2018/02/20/cetera-advisor-networks-llc-buys-256960-shares-of-rite-aid-co-rad.html. Rite Aid has struggled against stronger competitors, and it's not clear how the grocery retailer might improve its fortunes. The Company's segments include Retail Pharmacy and Pharmacy Services.
Will they keep the Rite Aid name? .
Rite Aid is in the process of selling 1,932 of its approximately 4,600 stores to rival Walgreen Boots Alliance.
"Drug retailing has had its own challenges with reimbursement pressure and weak front-end sales as evidenced in Rite-Aid's weak profits over the last couple of years, and competing with much larger and more diversified drug retailers like CVS and Walgreens will be a formidable challenge", wrote Moody's vice president Mickey Chadha, in an email sent to Food Dive.
Porsche Motorsport began development of the new 911 GT3 RS not long after it started working on the GT2 RS , and it shows. Porsche quotes a 3.0-second sprint to 60 miles per hour for the new GT3 RS, but that's not the impressive number here.
Periods of steady, heavy rain will continue throughout our Tuesday night as a cold front begins a sluggish approach from the west. The rapid runoff due to frozen soils will cause localized pooling of water and flooding of low-lying flood-prone area.
Sanders said the administration was also open to discussing possible age restrictions on purchases of such semi-automatic rifles. Former pupil Nikolas Cruz (19 ) has been charged with 17 counts of premeditated murder over the shootings on Valentine's Day.
All four elementary schools in the district were closed and all extracurricular activities were canceled for the day. Authorities say they found "distractionary-type" devices in his backpack at Jackson Memorial Middle School .
As was previously teased, the theme will be space for Season 3, so several of the skins feature astronaut-esque designs. Sometimes it's frustrating when your placement is blocked unexpectedly and you aren't sure why.
The developers of PlayerUnknown's Battlegrounds from Bluehole Studio have chose to share their plans for the game via Steam . Among many features, one of the major that is being focused on by the developers is the Ping-based Matchmaking system.
The 34-year-old sniped a dramatic overtime victor for a tight, 2-1 victory over Switzerland in the qualification round. The U.S. looked tired after facing Slovakia in the qualification round a day earlier and was outshot 29-20.
Uber started piloting Express Pool in San Francisco in November and then quietly launched it there and in Boston in December. Depending on the route, of course, some Philly riders may find prices on par with a $2.50 SEPTA ride (or less).
Discount retailer Target Corp already offers a REDcard credit card that gives shoppers 5 percent off purchases at its own stores. The card now earns 5% back on Whole Foods purchases, the first time it has extended a rate this high on purchases beyond Amazon.
Trading is expected to be slower than usual due market holidays in the United States as well as Greater China and India. I don't think we're going to see a spike to the upside unless there is a direct effect on supply.
Heavy Drinking could Increase Dementia Risk
While the overall majority of dementia patients were women, nearly two-thirds of all early-onset dementia patients were men. Though heavy alcohol use increased the risk of dementia in general, the association was shown to be stronger in men.
Drought over: US women win 1st Olympic cross-country medal
Afton skier Jessie Diggins has helped win the first Olympic gold medal in women's cross-country skiing at the Pyeongchang Games . They had previously teamed up in 2013, when they won the world championship in the team sprint event.