Sears (SHLD) Stock Price Down 1.6%

Sears Holdings Corp (NASDAQ:SHLD) was down 1.6% during trading on Monday . The stock traded as low as $0.63 and last traded at $0.62. Approximately 60,850 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 2,030,897 shares. The stock had previously closed at $0.63.

Several equities research analysts have commented on SHLD shares. ValuEngine raised Sears from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. S&P Equity Research decreased their price target on Sears from $1.45 to $1.23 in a research note on Friday, August 31st. Finally, BidaskClub upgraded Sears from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th.

The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of -0.80.

In other news, major shareholder Bruce R. Berkowitz sold 182,100 shares of the business’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $0.83, for a total value of $151,143.00. Following the completion of the transaction, the insider now owns 605,116 shares in the company, valued at $502,246.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 42,400 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $0.83, for a total value of $35,192.00. Following the completion of the transaction, the insider now owns 605,116 shares of the company’s stock, valued at approximately $502,246.28. The disclosure for this sale can be found here. Insiders sold 749,300 shares of company stock valued at $802,793 in the last 90 days. Company insiders own 56.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA increased its position in Sears by 18,855.3% during the first quarter. Federated Investors Inc. PA now owns 37,342 shares of the company’s stock valued at $100,000 after acquiring an additional 37,145 shares during the last quarter. Aperio Group LLC increased its position in Sears by 300.4% during the second quarter. Aperio Group LLC now owns 45,143 shares of the company’s stock valued at $107,000 after acquiring an additional 33,868 shares during the last quarter. Bank of New York Mellon Corp increased its position in Sears by 37.2% during the second quarter. Bank of New York Mellon Corp now owns 126,556 shares of the company’s stock valued at $300,000 after acquiring an additional 34,347 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in Sears during the second quarter valued at $503,000. Finally, Northern Trust Corp increased its position in Sears by 105.2% during the second quarter. Northern Trust Corp now owns 392,092 shares of the company’s stock valued at $930,000 after acquiring an additional 201,030 shares during the last quarter. Hedge funds and other institutional investors own 57.61% of the company’s stock.

About Sears (NASDAQ:SHLD)

Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.

See Also: Intrinsic Value

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