These Top Institutional Shareholders Are Loving Rite Aid’s Stock Surge

Rite Aid’s (NYSE:RAD) stock is surging following reports that its profits readily beat its estimates, up over 18 percent by 12:15 PM EST. The company is beginning to see the results of the partial restructuring it administered to its stores. Outlook is positive, and although revenue was just short of expectations, the estimated $0.02 per share loss was trounced by $0.13 per share earnings.

These institutional firms indicated owning shares of Rite Aid Corp. (NYSE:RAD) in Q1 2013. They reported owning a total of 6.707 million shares on 03/31/2013. The shares closed at $1.90 on 03/31/2013.

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Here are the four largest positions in Rite Aid Corp. at the end of March 31st, 2013.

Creative Planning held 15,064 shares on 03/31/2013 worth $29,000.

Tower Research Capital LLC held 4,300 shares on 03/31/2013 worth $8,000.

Central Bank & Trust Co. held 700 shares on 03/31/2013 worth $1,000.

Boston Private Bank & Trust Co. held 600 shares on 03/31/2013 worth $1,000. 

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