Goodwin Daniel L Invests $340,000 in Sears Holdings Corp. (SHLD)
Goodwin Daniel L bought a new position in shares of Sears Holdings Corp. (NASDAQ:SHLD) during the second quarter, Holdings Channel reports. The fund bought 25,000 shares of the company’s stock, valued at approximately $340,000.
Several other large investors have also made changes to their positions in SHLD. Gateway Investment Advisers LLC boosted its stake in shares of Sears Holdings Corp. by 61.7% in the second quarter. Gateway Investment Advisers LLC now owns 24,018 shares of the company’s stock worth $327,000 after buying an additional 9,169 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Sears Holdings Corp. by 34.3% in the second quarter. BNP Paribas Arbitrage SA now owns 18,531 shares of the company’s stock worth $252,000 after buying an additional 4,737 shares during the period. Boothbay Fund Management LLC bought a new position in Sears Holdings Corp. during the first quarter worth approximately $163,000. Kingstown Capital Management L.P. increased its position in Sears Holdings Corp. by 82.5% in the first quarter. Kingstown Capital Management L.P. now owns 1,825,000 shares of the company’s stock worth $27,941,000 after buying an additional 825,000 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in Sears Holdings Corp. during the first quarter worth approximately $696,000. 69.09% of the stock is owned by institutional investors.
Sears Holdings Corp. (NASDAQ:SHLD) traded up 3.39% on Wednesday, reaching $12.51. The company had a trading volume of 1,084,275 shares. The stock’s 50-day moving average price is $13.14 and its 200-day moving average price is $14.13. Sears Holdings Corp. has a 12-month low of $10.52 and a 12-month high of $26.38. The stock’s market capitalization is $1.34 billion.
Sears Holdings Corp. (NASDAQ:SHLD) last announced its earnings results on Thursday, August 25th. The company reported ($2.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.48) by $1.45. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the business earned ($2.40) earnings per share. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sears Holdings Corp. will post ($9.91) EPS for the current fiscal year.
In other news, Director Fairholme Capital Management L sold 1,900 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $17.09, for a total transaction of $32,471.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 80.60% of the company’s stock.
Sears Holdings Corp. 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). It operates through two segments: Kmart and Sears Domestic. It operates approximately 940 Kmart stores across over 50 states, Guam, Puerto Rico and the United States Virgin Islands.
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