Commerzbank Aktiengesellschaft FI decreased its stake in Sears Holdings Corp (NASDAQ:SHLD) by 56.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,708 shares of the company’s stock after selling 23,259 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Sears Holdings Corp were worth $203,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stonehill Capital Management LLC purchased a new position in Sears Holdings Corp during the fourth quarter valued at about $8,972,000. Norges Bank purchased a new position in Sears Holdings Corp during the fourth quarter valued at about $5,049,000. A.R.T. Advisors LLC purchased a new position in Sears Holdings Corp during the fourth quarter valued at about $271,000. GSA Capital Partners LLP purchased a new position in Sears Holdings Corp during the fourth quarter valued at about $186,000. Finally, Boothbay Fund Management LLC purchased a new position in Sears Holdings Corp during the fourth quarter valued at about $123,000. 67.17% of the stock is owned by institutional investors and hedge funds.
Shares of Sears Holdings Corp (NASDAQ:SHLD) opened at 7.85 on Tuesday. The stock’s market cap is $841.14 million. The stock’s 50 day moving average price is $11.01 and its 200-day moving average price is $9.93. Sears Holdings Corp has a one year low of $5.50 and a one year high of $18.18.
Sears Holdings Corp (NASDAQ:SHLD) last posted its quarterly earnings results on Thursday, March 9th. The company reported ($1.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.85) by $1.57. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. During the same period last year, the business earned ($1.70) earnings per share. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, equities analysts predict that Sears Holdings Corp will post ($10.24) earnings per share for the current fiscal year.
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Several research analysts recently weighed in on the stock. Susquehanna Bancshares Inc reissued a “sell” rating on shares of Sears Holdings Corp in a research note on Saturday, March 11th. Vetr raised shares of Sears Holdings Corp from a “strong sell” rating to a “sell” rating and set a $7.05 target price for the company in a research note on Thursday, May 18th.
In related news, Director Fairholme Capital Management L acquired 222,100 shares of the stock in a transaction dated Friday, March 17th. The shares were acquired at an average price of $8.79 per share, with a total value of $1,952,259.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward S. Lampert acquired 525,936 shares of the stock in a transaction dated Friday, March 24th. The shares were bought at an average cost of $7.93 per share, for a total transaction of $4,170,672.48. The disclosure for this purchase can be found here. Insiders have bought a total of 2,087,136 shares of company stock valued at $17,322,858 over the last ninety days. Company insiders own 80.60% of the company’s stock.
About Sears Holdings Corp
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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