Parametric Portfolio Associates LLC cut its position in Fred’s, Inc. (NASDAQ:FRED) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,762 shares of the company’s stock after selling 290 shares during the quarter. Parametric Portfolio Associates LLC owned 0.36% of Fred’s worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP raised its holdings in Fred’s by 41.8% in the second quarter. Quantbot Technologies LP now owns 17,308 shares of the company’s stock valued at $159,000 after acquiring an additional 5,100 shares in the last quarter. Vanguard Group Inc. raised its holdings in Fred’s by 0.9% in the second quarter. Vanguard Group Inc. now owns 3,284,949 shares of the company’s stock valued at $30,321,000 after acquiring an additional 30,719 shares in the last quarter. Northern Trust Corp raised its holdings in Fred’s by 1.0% in the second quarter. Northern Trust Corp now owns 449,057 shares of the company’s stock valued at $4,145,000 after acquiring an additional 4,444 shares in the last quarter. Howard Hughes Medical Institute raised its holdings in Fred’s by 23.7% in the second quarter. Howard Hughes Medical Institute now owns 13,442 shares of the company’s stock valued at $124,000 after acquiring an additional 2,574 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Fred’s by 8.3% in the second quarter. Thrivent Financial For Lutherans now owns 21,470 shares of the company’s stock valued at $198,000 after acquiring an additional 1,640 shares in the last quarter.

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Several analysts recently issued reports on FRED shares. Zacks Investment Research raised shares of Fred’s from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Loop Capital started coverage on shares of Fred’s in a report on Thursday, August 24th. They issued a “hold” rating and a $6.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Fred’s presently has an average rating of “Hold” and an average target price of $13.50.

Shares of Fred’s, Inc. (NASDAQ FRED) opened at $4.70 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.90 and a quick ratio of 0.45. Fred’s, Inc. has a twelve month low of $4.21 and a twelve month high of $21.77.

Fred’s (NASDAQ:FRED) last issued its earnings results on Wednesday, September 6th. The company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.04. The company had revenue of $507.80 million for the quarter, compared to analysts’ expectations of $504.90 million. Fred’s had a negative net margin of 6.08% and a negative return on equity of 4.02%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) earnings per share. research analysts forecast that Fred’s, Inc. will post -0.39 EPS for the current year.

Fred’s Profile

Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.

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Institutional Ownership by Quarter for Fred`s (NASDAQ:FRED)

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