Municipal Employees Retirement System of Michigan reduced its stake in shares of Kate Spade & Co (NYSE:KATE) by 16.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 49,520 shares of the textile maker’s stock after selling 9,860 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Kate Spade & Co were worth $916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KATE. Neuburgh Advisers LLC boosted its position in shares of Kate Spade & Co by 16.0% in the first quarter. Neuburgh Advisers LLC now owns 4,774 shares of the textile maker’s stock valued at $111,000 after buying an additional 660 shares during the last quarter. Tyers Asset Management LLC boosted its position in shares of Kate Spade & Co by 16.0% in the first quarter. Tyers Asset Management LLC now owns 6,076 shares of the textile maker’s stock valued at $141,000 after buying an additional 840 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Kate Spade & Co by 51.2% in the first quarter. Acrospire Investment Management LLC now owns 6,825 shares of the textile maker’s stock valued at $159,000 after buying an additional 2,310 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Kate Spade & Co by 16.0% in the first quarter. Flinton Capital Management LLC now owns 7,378 shares of the textile maker’s stock valued at $171,000 after buying an additional 1,020 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Kate Spade & Co by 10.9% in the first quarter. IFP Advisors Inc now owns 8,172 shares of the textile maker’s stock valued at $190,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.

Kate Spade & Co (KATE) opened at 18.49 on Friday. Kate Spade & Co has a 12 month low of $14.02 and a 12 month high of $24.24. The firm’s 50-day moving average is $18.45 and its 200-day moving average is $19.25.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/kate-spade-co-nysekate-shares-sold-by-municipal-employees-retirement-system-of-michigan/1480524.html.

Several research analysts have recently issued reports on KATE shares. Wunderlich restated a “buy” rating and issued a $24.00 target price on shares of Kate Spade & Co in a report on Wednesday, April 19th. BidaskClub upgraded shares of Kate Spade & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Kate Spade & Co in a report on Tuesday, April 18th. BMO Capital Markets set a $19.00 target price on shares of Kate Spade & Co and gave the company a “hold” rating in a report on Tuesday, April 18th. Finally, Zacks Investment Research upgraded shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kate Spade & Co has a consensus rating of “Hold” and an average price target of $20.80.

About Kate Spade & Co

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America. The KATE SPADE International segment consists of the Company’s kate spade new york and JACK SPADE brands in international markets, which operates principally in Japan, Asia (excluding Japan), Europe and Latin America).

Want to see what other hedge funds are holding KATE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kate Spade & Co (NYSE:KATE).

Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

Receive News & Ratings for Kate Spade & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kate Spade & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.