Fine Capital Partners L.P. increased its position in shares of Sears Holdings Corp (NASDAQ:SHLD) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,876,895 shares of the company’s stock after acquiring an additional 193,822 shares during the period. Sears comprises 1.3% of Fine Capital Partners L.P.’s investment portfolio, making the stock its 17th biggest position. Fine Capital Partners L.P. owned approximately 2.67% of Sears worth $10,299,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SHLD. State Street Corp grew its stake in shares of Sears by 5.9% in the 2nd quarter. State Street Corp now owns 2,087,415 shares of the company’s stock valued at $18,496,000 after purchasing an additional 116,765 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Sears by 4.8% in the third quarter. California Public Employees Retirement System now owns 451,827 shares of the company’s stock valued at $3,298,000 after buying an additional 20,879 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Sears in the third quarter valued at approximately $1,541,000. SG Americas Securities LLC boosted its stake in shares of Sears by 286.8% in the fourth quarter. SG Americas Securities LLC now owns 119,389 shares of the company’s stock valued at $427,000 after buying an additional 88,521 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Sears in the third quarter valued at approximately $493,000. 58.17% of the stock is currently owned by hedge funds and other institutional investors.
Sears Holdings Corp (NASDAQ SHLD) traded down $0.13 during trading hours on Wednesday, hitting $2.42. The company had a trading volume of 1,364,659 shares, compared to its average volume of 2,057,628. Sears Holdings Corp has a fifty-two week low of $1.99 and a fifty-two week high of $14.32. The firm has a market capitalization of $262.58, a PE ratio of -0.22 and a beta of 0.93. The company has a debt-to-equity ratio of -0.51, a quick ratio of 0.19 and a current ratio of 0.80.
SHLD has been the subject of several research reports. Susquehanna Bancshares set a $3.00 price objective on Sears and gave the stock a “sell” rating in a report on Friday, December 1st. ValuEngine raised Sears from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub downgraded Sears from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Finally, Moffett Nathanson initiated coverage on Sears in a research report on Monday, December 4th. They set a “sell” rating for the company. Five analysts have rated the stock with a sell rating, Sears currently has a consensus rating of “Sell” and an average price target of $4.78.
In other news, major shareholder Bruce R. Berkowitz sold 2,212,400 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $3.34, for a total value of $7,389,416.00. Following the completion of the sale, the insider now owns 799,516 shares in the company, valued at $2,670,383.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 415,700 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $3.43, for a total value of $1,425,851.00. Following the completion of the sale, the insider now owns 799,516 shares of the company’s stock, valued at approximately $2,742,339.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,978,800 shares of company stock worth $9,818,269 over the last quarter. Insiders own 89.00% of the company’s stock.
Sears Company 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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