683 Capital Management LLC increased its stake in Sequential Brands Group Inc (NASDAQ:SQBG) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,078,179 shares of the textile maker’s stock after buying an additional 63,179 shares during the quarter. Sequential Brands Group comprises 1.0% of 683 Capital Management LLC’s portfolio, making the stock its 22nd largest position. 683 Capital Management LLC owned about 4.87% of Sequential Brands Group worth $9,204,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. IHT Wealth Management LLC acquired a new stake in shares of Sequential Brands Group in the second quarter valued at about $712,000. Voya Investment Management LLC grew its stake in shares of Sequential Brands Group by 37.6% in the second quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock valued at $102,000 after buying an additional 6,958 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Sequential Brands Group in the third quarter valued at about $136,000. Rhumbline Advisers grew its stake in shares of Sequential Brands Group by 3.9% in the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock valued at $191,000 after buying an additional 1,780 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Sequential Brands Group in the third quarter valued at about $150,000. Institutional investors and hedge funds own 50.33% of the company’s stock.

Sequential Brands Group Inc (NASDAQ SQBG) opened at $1.50 on Friday. The company has a market capitalization of $94.72, a PE ratio of 8.16, a P/E/G ratio of 0.21 and a beta of 0.41. Sequential Brands Group Inc has a 1-year low of $1.36 and a 1-year high of $5.21. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $39.00 million during the quarter, compared to analysts’ expectations of $43.66 million. Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. equities analysts forecast that Sequential Brands Group Inc will post 0.48 EPS for the current fiscal year.

In other news, Director Aaron P. Hollander bought 20,000 shares of Sequential Brands Group stock in a transaction on Monday, November 20th. The shares were bought at an average price of $1.72 per share, with a total value of $34,400.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Matthew Eby bought 91,200 shares of Sequential Brands Group stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $145,920.00. The disclosure for this purchase can be found here. Insiders purchased 473,200 shares of company stock valued at $765,636 in the last three months. 27.30% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on the company. Cowen reiterated a “hold” rating and issued a $6.00 target price on shares of Sequential Brands Group in a research note on Thursday, September 28th. Canaccord Genuity lowered Sequential Brands Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $6.00 to $1.50 in a research note on Friday, November 10th. ValuEngine raised Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Roth Capital downgraded Sequential Brands Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $3.25 to $2.00 in a report on Monday, November 13th. < Finally, Zacks Investment Research downgraded Sequential Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Sequential Brands Group has an average rating of “Hold” and an average price target of $6.92.

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Sequential Brands Group Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

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Institutional Ownership by Quarter for Sequential Brands Group (NASDAQ:SQBG)

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