Aquatic Capital Management LLC Sells 132,729 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Aquatic Capital Management LLC cut its stake in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,271 shares of the company's stock after selling 132,729 shares during the period. Aquatic Capital Management LLC's holdings in Grocery Outlet were worth $270,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GO. Senvest Management LLC lifted its holdings in Grocery Outlet by 88.3% during the fourth quarter. Senvest Management LLC now owns 1,569,656 shares of the company's stock worth $24,502,000 after buying an additional 735,931 shares during the period. Granite Investment Partners LLC bought a new position in shares of Grocery Outlet in the 4th quarter worth $7,914,000. First Trust Advisors LP lifted its stake in shares of Grocery Outlet by 232.0% during the 4th quarter. First Trust Advisors LP now owns 688,691 shares of the company's stock worth $10,750,000 after purchasing an additional 481,223 shares during the last quarter. Boston Partners grew its stake in Grocery Outlet by 48.5% in the fourth quarter. Boston Partners now owns 1,395,238 shares of the company's stock valued at $21,776,000 after purchasing an additional 455,893 shares during the last quarter. Finally, Barclays PLC grew its stake in Grocery Outlet by 1,224.1% in the third quarter. Barclays PLC now owns 300,393 shares of the company's stock valued at $5,271,000 after purchasing an additional 277,706 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.

Wall Street Analysts Forecast Growth

GO has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Bank of America reduced their price target on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price objective for the company. in a research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $16.00 target price on shares of Grocery Outlet in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating for the company in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Grocery Outlet has an average rating of "Hold" and a consensus price target of $15.46.

Insider Activity at Grocery Outlet

In other news, EVP Steven K. Wilson sold 6,682 shares of Grocery Outlet stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.16, for a total transaction of $87,935.12. Following the completion of the transaction, the executive vice president now directly owns 166,923 shares of the company's stock, valued at $2,196,706.68. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lindsay E. Gray sold 2,741 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $31,082.94. Following the sale, the senior vice president now directly owns 41,448 shares in the company, valued at $470,020.32. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by insiders.

Grocery Outlet Stock Performance

Shares of NASDAQ GO opened at $16.48 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 9.08 and a beta of 0.40. Grocery Outlet Holding Corp. has a 12 month low of $10.26 and a 12 month high of $26.21. The company has a 50 day simple moving average of $13.71 and a two-hundred day simple moving average of $15.92. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.

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