Alliancebernstein L.P. decreased its position in Sears Holdings Corporation (NASDAQ:SHLD) by 13.4% during the first quarter, Holdings Channel reports. The firm owned 47,000 shares of the company’s stock after selling 7,300 shares during the period. Alliancebernstein L.P.’s holdings in Sears Holdings Corporation were worth $540,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SHLD. Norges Bank bought a new position in Sears Holdings Corporation during the fourth quarter worth approximately $5,049,000. Parametric Portfolio Associates LLC raised its position in Sears Holdings Corporation by 56.5% in the first quarter. Parametric Portfolio Associates LLC now owns 313,566 shares of the company’s stock worth $3,603,000 after buying an additional 113,191 shares during the period. First Trust Advisors LP bought a new position in Sears Holdings Corporation during the first quarter worth approximately $669,000. KBC Group NV bought a new position in Sears Holdings Corporation during the first quarter worth approximately $581,000. Finally, UBS Asset Management Americas Inc. raised its position in Sears Holdings Corporation by 144.0% in the first quarter. UBS Asset Management Americas Inc. now owns 63,367 shares of the company’s stock worth $728,000 after buying an additional 37,399 shares during the period. Institutional investors own 65.54% of the company’s stock.

Shares of Sears Holdings Corporation (NASDAQ:SHLD) opened at 8.87 on Wednesday. Sears Holdings Corporation has a one year low of $5.50 and a one year high of $18.18. The firm has a 50 day moving average price of $8.14 and a 200-day moving average price of $8.76. The firm’s market cap is $951.44 million.

Sears Holdings Corporation (NASDAQ:SHLD) last released its quarterly earnings results on Thursday, May 25th. The company reported ($2.15) earnings per share for the quarter, missing the consensus estimate of ($0.72) by $1.43. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.05 billion. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.86) earnings per share. Analysts forecast that Sears Holdings Corporation will post ($11.20) earnings per share for the current year.

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A number of research firms have commented on SHLD. ValuEngine lowered Sears Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. BidaskClub upgraded Sears Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Vetr upgraded Sears Holdings Corporation from a “strong sell” rating to a “sell” rating and set a $7.05 price objective on the stock in a research note on Thursday, May 18th.

Sears Holdings Corporation 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). 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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Institutional Ownership by Quarter for Sears Holdings Corporation (NASDAQ:SHLD)

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