Tocqueville Asset Management L.P. cut its holdings in shares of Sequential Brands Group Inc (NASDAQ:SQBG) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 943,407 shares of the textile maker’s stock after selling 64,700 shares during the quarter. Tocqueville Asset Management L.P. owned 1.49% of Sequential Brands Group worth $1,679,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Asset Management Inc. grew its stake in shares of Sequential Brands Group by 41.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker’s stock worth $953,000 after purchasing an additional 92,433 shares during the period. Prescott Group Capital Management L.L.C. grew its stake in shares of Sequential Brands Group by 57.1% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 2,831,035 shares of the textile maker’s stock worth $5,039,000 after purchasing an additional 1,028,739 shares during the period. Vanguard Group Inc. grew its stake in shares of Sequential Brands Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock worth $6,489,000 after purchasing an additional 61,722 shares during the period. Financial & Investment Management Group Ltd. grew its stake in shares of Sequential Brands Group by 14.0% during the 4th quarter. Financial & Investment Management Group Ltd. now owns 808,229 shares of the textile maker’s stock worth $1,439,000 after purchasing an additional 99,529 shares during the period. Finally, Voya Investment Management LLC grew its stake in Sequential Brands Group by 37.6% in the 2nd quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock valued at $102,000 after acquiring an additional 6,958 shares during the period. 45.44% of the stock is owned by institutional investors.
Shares of Sequential Brands Group stock traded up $0.02 on Monday, reaching $2.47. 54,878 shares of the company traded hands, compared to its average volume of 195,401. The stock has a market cap of $155.20, a price-to-earnings ratio of -0.83, a P/E/G ratio of 0.30 and a beta of -0.27. Sequential Brands Group Inc has a 12-month low of $1.36 and a 12-month high of $4.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.46 and a current ratio of 1.46.
Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $46.90 million during the quarter, compared to analysts’ expectations of $46.58 million. Sequential Brands Group had a negative net margin of 110.90% and a positive return on equity of 3.92%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. research analysts anticipate that Sequential Brands Group Inc will post 0.55 earnings per share for the current year.
A number of equities research analysts recently issued reports on the stock. Canaccord Genuity set a $2.00 price target on shares of Sequential Brands Group and gave the company a “hold” rating in a research note on Wednesday, February 28th. Zacks Investment Research raised shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, ValuEngine cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.00.
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Sequential Brands Group Company Profile
Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.
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