Wells Fargo & Company MN lifted its holdings in shares of Lifetime Brands Inc (NASDAQ:LCUT) by 59.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,441 shares of the company’s stock after acquiring an additional 6,160 shares during the quarter. Wells Fargo & Company MN owned approximately 0.11% of Lifetime Brands worth $301,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in Lifetime Brands during the 2nd quarter worth approximately $174,000. Dynamic Technology Lab Private Ltd acquired a new stake in Lifetime Brands during the 2nd quarter worth approximately $191,000. Alliancebernstein L.P. acquired a new stake in Lifetime Brands during the 2nd quarter worth approximately $192,000. Nordea Investment Management AB acquired a new stake in Lifetime Brands during the 2nd quarter worth approximately $220,000. Finally, Susquehanna International Group LLP acquired a new stake in Lifetime Brands during the 2nd quarter worth approximately $229,000. Institutional investors own 55.39% of the company’s stock.
Lifetime Brands Inc (LCUT) opened at $16.50 on Tuesday. The firm has a market capitalization of $247.29, a price-to-earnings ratio of 13.39 and a beta of 1.00. The company has a quick ratio of 1.43, a current ratio of 3.31 and a debt-to-equity ratio of 0.62. Lifetime Brands Inc has a fifty-two week low of $14.25 and a fifty-two week high of $21.20.
In other news, Director Craig Phillips sold 4,162 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $17.85, for a total transaction of $74,291.70. Following the completion of the transaction, the director now owns 641,194 shares of the company’s stock, valued at approximately $11,445,312.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 14,913 shares of company stock valued at $257,716 in the last three months. 21.25% of the stock is owned by insiders.
Separately, BidaskClub raised Lifetime Brands from a “sell” rating to a “hold” rating in a report on Friday, January 5th.
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About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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