Why Are These 4 Stocks Having Such a Poor Trading Day?

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SUPERVALU INC. (NYSE:SVU) is another company that is losing ground today, on the back of the company reporting its financial results for the third-quarter of fiscal year 2016, ended December 5. The company posted adjusted EPS of $0.16, in-line with the Street’s estimates while its revenue of $4.11 billion was lower than the $4.23 billion figure reported a year earlier and below the consensus estimate by $50 million.

SUPERVALU INC. (NYSE:SVU) gained popularity among the investors that we track in the third quarter. 40 funds held shares of the company on September 30, up by two funds over the quarter, and they amassed 20.9% of the float. Among them, Conan Laughlin‘s North Tide Capital was the largest shareholder, reporting ownership of 15.0 million SUPERVALU shares in its latest 13F filing.

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Finally, also among the big losers today is BorgWarner Inc. (NYSE:BWA). After having updated its guidance, the stock has plummeted by 10%. The fourth-quarter guidance of $0.75-to-$0.79 in EPS was a little above analyst expectations, but the guidance of $3.11-to-$3.32 in EPS for the full 2016 fiscal year was below the $3.41 Capital IQ Consensus Estimate, precipitating today’s decline.

During the third-quarter, BorgWarner Inc. (NYSE:BWA) also registered an increase in popularity among the funds that we track, with 28 investors holding long positions at the end of September, versus 26 funds at the end of June. Ric Dillon‘s Diamond Hill Capital was the largest shareholder among those, holding 6.19 million shares valued at $257.48 million at the end of September.

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Disclosure: None

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