Schwab Charles Investment Management Inc. held its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,300 shares of the company’s stock at the end of the second quarter. Schwab Charles Investment Management Inc. owned 0.14% of Lifetime Brands worth $369,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. American International Group Inc. increased its stake in shares of Lifetime Brands by 7.1% in the 1st quarter. American International Group Inc. now owns 6,802 shares of the company’s stock valued at $137,000 after purchasing an additional 449 shares in the last quarter. Bank of America Corp DE increased its stake in Lifetime Brands by 2.5% during the 1st quarter. Bank of America Corp DE now owns 19,766 shares of the company’s stock worth $397,000 after buying an additional 477 shares in the last quarter. Eagle Global Advisors LLC increased its stake in Lifetime Brands by 3.9% during the 2nd quarter. Eagle Global Advisors LLC now owns 19,202 shares of the company’s stock worth $349,000 after buying an additional 720 shares in the last quarter. Strs Ohio increased its stake in Lifetime Brands by 8.4% during the 2nd quarter. Strs Ohio now owns 33,500 shares of the company’s stock worth $608,000 after buying an additional 2,600 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Lifetime Brands by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 96,845 shares of the company’s stock worth $1,946,000 after buying an additional 5,848 shares in the last quarter. Hedge funds and other institutional investors own 57.23% of the company’s stock.

Separately, BidaskClub lowered Lifetime Brands from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

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Shares of Lifetime Brands, Inc. (NASDAQ LCUT) opened at $16.95 on Wednesday. Lifetime Brands, Inc. has a 52 week low of $13.80 and a 52 week high of $21.20. The company has a current ratio of 3.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $255.27, a P/E ratio of 12.50 and a beta of 0.99.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). The company had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $121.59 million. Lifetime Brands had a net margin of 2.99% and a return on equity of 10.27%. Lifetime Brands’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share.

In other news, Director Craig Phillips sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $19.11, for a total value of $143,325.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Ronald Shiftan sold 4,480 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $16.92, for a total value of $75,801.60. Following the completion of the sale, the insider now owns 130,823 shares of the company’s stock, valued at $2,213,525.16. The disclosure for this sale can be found here. 21.25% of the stock is owned by corporate insiders.

About Lifetime Brands

Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.

Institutional Ownership by Quarter for Lifetime Brands (NASDAQ:LCUT)

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