Bank of New York Mellon Corp Raises Stake in New York & Company, Inc. (NWY)
Bank of New York Mellon Corp boosted its stake in New York & Company, Inc. (NYSE:NWY) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 101,030 shares of the specialty retailer’s stock after buying an additional 1,535 shares during the period. Bank of New York Mellon Corp’s holdings in New York & were worth $197,000 as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC boosted its position in New York & by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 967,800 shares of the specialty retailer’s stock worth $2,197,000 after buying an additional 52,600 shares during the period. 83.74% of the stock is currently owned by institutional investors and hedge funds.
New York & Company, Inc. (NWY) opened at 1.76 on Thursday. The firm’s market capitalization is $111.20 million. The stock has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.75. New York & Company, Inc. has a 12-month low of $1.28 and a 12-month high of $2.71.
New York & (NYSE:NWY) last issued its quarterly earnings results on Thursday, May 18th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $209.86 million during the quarter. New York & had a negative return on equity of 10.20% and a negative net margin of 1.71%. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, equities research analysts forecast that New York & Company, Inc. will post ($0.06) EPS for the current year.
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New York & Company Profile
New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.
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