Ameriprise Financial Inc. lessened its stake in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 98.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 298,224 shares of the brand management company’s stock after selling 20,201,657 shares during the period. Ameriprise Financial Inc.’s holdings in Iconix Brand Group were worth $1,697,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ICON. Cubist Systematic Strategies LLC grew its holdings in Iconix Brand Group by 20.8% during the second quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock valued at $112,000 after purchasing an additional 2,797 shares during the period. AHL Partners LLP bought a new position in shares of Iconix Brand Group in the second quarter worth about $118,000. Public Employees Retirement System of Ohio boosted its stake in shares of Iconix Brand Group by 5.2% in the second quarter. Public Employees Retirement System of Ohio now owns 17,869 shares of the brand management company’s stock worth $123,000 after acquiring an additional 876 shares during the period. Bayesian Capital Management LP bought a new position in shares of Iconix Brand Group in the second quarter worth about $142,000. Finally, Voya Investment Management LLC boosted its stake in shares of Iconix Brand Group by 21.4% in the second quarter. Voya Investment Management LLC now owns 24,215 shares of the brand management company’s stock worth $167,000 after acquiring an additional 4,274 shares during the period. 84.78% of the stock is owned by institutional investors and hedge funds.

Iconix Brand Group, Inc. (NASDAQ:ICON) opened at $1.31 on Tuesday. The firm has a market capitalization of $74.77, a PE ratio of -0.09 and a beta of 1.40. The company has a debt-to-equity ratio of -5.92, a current ratio of 0.69 and a quick ratio of 0.69. Iconix Brand Group, Inc. has a one year low of $1.16 and a one year high of $10.80.

A number of research firms have recently weighed in on ICON. Zacks Investment Research lowered Iconix Brand Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Roth Capital set a $2.00 price objective on Iconix Brand Group and gave the stock a “hold” rating in a research note on Thursday, December 7th. ValuEngine raised Iconix Brand Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. B. Riley reaffirmed a “neutral” rating and issued a $4.00 price objective (down previously from $8.50) on shares of Iconix Brand Group in a research note on Wednesday, November 1st. Finally, FBR & Co lowered Iconix Brand Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.50 to $4.00 in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.00.

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Iconix Brand Group Company Profile

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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