Will Rite Aid’s Raised Guidance for 2013 Bring Cheer To TheseTop Institutional Shareholders?

Rite Aid Corp. (NYSE:RAD) reported a third quarter earnings per share of $0.07, beating estimates by $0.09. Their revenue of $6.2 billion is in line with expectations. The quarter’s results were driven by continued front-end sales and prescription count growth. New generic medications also pushed up pharmacy gross margins. Adjusted earnings before interest, taxes, depreciation, and amortization increased for the eighth quarter in a row. The company raised their guidance for fiscal year 2013, expecting sales between $25.15 billion-$25.3 billion and EPS in the range of $0.05 to $0.03 per diluted share.

Will Rite Aid Corp.’s shareholders increase their holdings? They reported owning a total of 470.873 million shares on 09/30/2012. The shares closed at $1.17 on 09/30/2012.

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Here are the ten largest positions in Rite Aid Corp. at the end of September 30th, 2012.

Standard Pacific Capital LLC./CA held 46,448,809 shares on 09/30/2012 worth $54,345,105. This brought the portfolio total to 5.0%.

Vanguard Group Inc. held 38,632,754 shares on 09/30/2012 worth $45,200,321. This brought the portfolio total to 0.01%.

Mount Kellett Capital Management L.P.held 34,622,636 shares on 09/30/2012 worth $40,508,483. This brought the portfolio total to 3.7%.

Zazove Associates LLC. held 26,669,000 shares on 09/30/2012 worth $28,202,000. This brought the portfolio total to 0.72%.

Oppenheimer Funds Inc. held 23,774,000 shares on 09/30/2012 worth $24,874,000. This brought the portfolio total to 0.04%.

State Street Corp. held 23,164,270 shares on 09/30/2012 worth $27,102,195. This brought the portfolio total to 0.0%.

Lonestar Capital Management LLC. held 20,000,000 shares on 09/30/2012 worth $23,399,999. This brought the portfolio total to 5.14%.

Blackrock Institutional Trust Company N.A. held 19,207,101 shares on 09/30/2012 worth $22,472,307. This brought the portfolio total to 0.01%.

WHV Investment Management Inc. held 16,189,400 shares on 09/30/2012 worth $18,941,597. This brought the portfolio total to 0.17%.

Blackrock Fund Advisors held 15,418,623 shares on 09/30/2012 worth $18,039,788. This brought the portfolio total to 0.01%.

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