Russell Investments Group Ltd. Boosts Stake in Sequential Brands Group, Inc. (SQBG)

Russell Investments Group Ltd. grew its position in Sequential Brands Group, Inc. (NASDAQ:SQBG) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,703 shares of the textile maker’s stock after acquiring an additional 33,670 shares during the period. Russell Investments Group Ltd. owned about 0.64% of Sequential Brands Group worth $1,598,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SQBG. Teachers Advisors LLC boosted its holdings in shares of Sequential Brands Group by 16.3% in the fourth quarter. Teachers Advisors LLC now owns 69,454 shares of the textile maker’s stock valued at $325,000 after acquiring an additional 9,754 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock valued at $161,000 after acquiring an additional 5,482 shares in the last quarter. Boston Partners boosted its holdings in shares of Sequential Brands Group by 12.9% in the first quarter. Boston Partners now owns 1,311,170 shares of the textile maker’s stock valued at $5,100,000 after acquiring an additional 149,780 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Sequential Brands Group by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 176,239 shares of the textile maker’s stock valued at $685,000 after acquiring an additional 10,007 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Sequential Brands Group by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock valued at $803,000 after acquiring an additional 2,767 shares in the last quarter. 51.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) opened at 2.85 on Friday. The stock has a market cap of $179.22 million, a P/E ratio of 105.56 and a beta of 0.63. The company’s 50-day moving average is $2.88 and its 200-day moving average is $3.35. Sequential Brands Group, Inc. has a 12-month low of $2.55 and a 12-month high of $8.49.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Thursday, July 27th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The firm had revenue of $42.10 million during the quarter, compared to analyst estimates of $39.15 million. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. Sequential Brands Group’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, analysts expect that Sequential Brands Group, Inc. will post $0.52 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by BBNS and is the property of of BBNS. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/russell-investments-group-ltd-buys-33670-shares-of-sequential-brands-group-inc-sqbg/1604612.html.

SQBG has been the topic of several analyst reports. Zacks Investment Research raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Thursday, June 29th. Canaccord Genuity set a $6.00 target price on shares of Sequential Brands Group and gave the company a “buy” rating in a report on Thursday, July 27th. ValuEngine raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Roth Capital set a $4.00 target price on shares of Sequential Brands Group and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Cowen and Company set a $6.00 target price on shares of Sequential Brands Group and gave the company a “hold” rating in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Sequential Brands Group has a consensus rating of “Buy” and an average target price of $9.06.

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.

Institutional Ownership by Quarter for Sequential Brands Group (NASDAQ:SQBG)

Receive News & Ratings for Sequential Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequential Brands Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.