Virtu KCG Holdings LLC grew its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 110.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,565 shares of the brand management company’s stock after purchasing an additional 28,151 shares during the quarter. Virtu KCG Holdings LLC owned approximately 0.09% of Iconix Brand Group worth $370,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ICON. Public Employees Retirement System of Ohio raised its position in shares of Iconix Brand Group by 11.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,993 shares of the brand management company’s stock valued at $128,000 after purchasing an additional 1,691 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Iconix Brand Group by 5.1% in the first quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the brand management company’s stock valued at $135,000 after purchasing an additional 865 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Iconix Brand Group by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock valued at $160,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC bought a new position in shares of Iconix Brand Group in the first quarter valued at approximately $189,000. Finally, KCG Holdings Inc. bought a new position in shares of Iconix Brand Group in the first quarter valued at approximately $191,000. 82.91% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on ICON shares. FBR & Co reissued a “buy” rating and issued a $8.50 price target on shares of Iconix Brand Group in a research report on Thursday, September 14th. BidaskClub raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company set a $9.00 price target on shares of Iconix Brand Group and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, Sidoti started coverage on shares of Iconix Brand Group in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $6.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Iconix Brand Group has a consensus rating of “Hold” and an average price target of $9.13.

Iconix Brand Group, Inc. (ICON) opened at 5.11 on Monday. Iconix Brand Group, Inc. has a 12 month low of $4.79 and a 12 month high of $10.80. The company’s market cap is $291.74 million. The company’s 50-day moving average is $5.60 and its 200-day moving average is $6.33.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The business had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $61.00 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 32.5% on a year-over-year basis. On average, equities research analysts anticipate that Iconix Brand Group, Inc. will post $0.67 earnings per share for the current year.

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About Iconix Brand Group

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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