The Manufacturers Life Insurance Company raised its position in Kate Spade & Co (NYSE:KATE) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 188,146 shares of the textile maker’s stock after acquiring an additional 3,058 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Kate Spade & Co were worth $3,478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. CNH Partners LLC purchased a new position in shares of Kate Spade & Co during the second quarter valued at approximately $112,633,000. State Street Corp boosted its position in shares of Kate Spade & Co by 1.8% during the second quarter. State Street Corp now owns 3,360,088 shares of the textile maker’s stock valued at $62,126,000 after buying an additional 59,544 shares during the last quarter. Twin Securities Inc. purchased a new position in shares of Kate Spade & Co during the second quarter valued at approximately $16,285,000. Tudor Investment Corp ET AL boosted its position in shares of Kate Spade & Co by 84.0% during the second quarter. Tudor Investment Corp ET AL now owns 82,816 shares of the textile maker’s stock valued at $1,531,000 after buying an additional 37,816 shares during the last quarter. Finally, UBS Oconnor LLC purchased a new position in shares of Kate Spade & Co during the second quarter valued at approximately $186,000. 97.87% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. BidaskClub cut Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BMO Capital Markets set a $19.00 target price on Kate Spade & Co and gave the company a “hold” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Kate Spade & Co presently has an average rating of “Hold” and a consensus price target of $20.46.

TRADEMARK VIOLATION WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/11/03/the-manufacturers-life-insurance-company-increases-holdings-in-kate-spade-co-kate-2.html.

Kate Spade & Co Company Profile

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America. The KATE SPADE International segment consists of the Company’s kate spade new york and JACK SPADE brands in international markets, which operates principally in Japan, Asia (excluding Japan), Europe and Latin America).

Want to see what other hedge funds are holding KATE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kate Spade & Co (NYSE:KATE).

Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

Receive News & Ratings for Kate Spade & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kate Spade & Co and related companies with MarketBeat.com's FREE daily email newsletter.