Manatuck Hill Partners LLC Takes $255,000 Position in Sears Holdings Corporation (SHLD)
Manatuck Hill Partners LLC acquired a new stake in Sears Holdings Corporation (NASDAQ:SHLD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,800 shares of the company’s stock, valued at approximately $255,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Balyasny Asset Management LLC boosted its stake in shares of Sears Holdings Corporation by 57.3% during the second quarter. Balyasny Asset Management LLC now owns 412,000 shares of the company’s stock valued at $3,650,000 after acquiring an additional 150,000 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of Sears Holdings Corporation during the second quarter worth about $240,000. Bank of New York Mellon Corp grew its holdings in shares of Sears Holdings Corporation by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 117,247 shares of the company’s stock worth $1,038,000 after buying an additional 9,586 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Sears Holdings Corporation by 399.8% during the second quarter. SG Americas Securities LLC now owns 104,728 shares of the company’s stock worth $928,000 after buying an additional 83,774 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Sears Holdings Corporation by 9.0% during the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after buying an additional 1,394 shares in the last quarter. 62.15% of the stock is currently owned by institutional investors and hedge funds.
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Sears Holdings Corporation (SHLD) traded up 0.56% during mid-day trading on Tuesday, hitting $7.12. The stock had a trading volume of 330,170 shares. Sears Holdings Corporation has a one year low of $5.50 and a one year high of $14.32. The stock’s market cap is $765.01 million. The firm’s 50-day moving average is $7.88 and its 200 day moving average is $8.85.
Sears Holdings Corporation (NASDAQ:SHLD) last released its earnings results on Thursday, August 24th. The company reported ($1.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.48) by $1.32. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.21 billion. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.24) EPS. Equities research analysts expect that Sears Holdings Corporation will post ($9.21) EPS for the current year.
Several equities analysts recently issued reports on SHLD shares. BidaskClub raised shares of Sears Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine downgraded Sears Holdings Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 6th.
Sears Holdings Corporation Profile
Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services.
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