Arrowstreet Capital Limited Partnership purchased a new position in Sequential Brands Group Inc (NASDAQ:SQBG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 199,199 shares of the textile maker’s stock, valued at approximately $355,000. Arrowstreet Capital Limited Partnership owned approximately 0.32% of Sequential Brands Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 683 Capital Management LLC lifted its holdings in Sequential Brands Group by 2.1% in the 3rd quarter. 683 Capital Management LLC now owns 3,078,179 shares of the textile maker’s stock worth $9,204,000 after purchasing an additional 63,179 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in Sequential Brands Group by 57.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 2,831,035 shares of the textile maker’s stock worth $5,039,000 after purchasing an additional 1,028,739 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Sequential Brands Group by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock worth $6,489,000 after purchasing an additional 61,722 shares in the last quarter. Financial & Investment Management Group Ltd. lifted its holdings in Sequential Brands Group by 14.0% in the 4th quarter. Financial & Investment Management Group Ltd. now owns 808,229 shares of the textile maker’s stock worth $1,439,000 after purchasing an additional 99,529 shares in the last quarter. Finally, State Street Corp lifted its holdings in Sequential Brands Group by 6.0% in the 2nd quarter. State Street Corp now owns 649,955 shares of the textile maker’s stock worth $2,592,000 after purchasing an additional 36,507 shares in the last quarter. 45.43% of the stock is currently owned by institutional investors.
A number of research firms recently commented on SQBG. Zacks Investment Research raised Sequential Brands Group from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Canaccord Genuity set a $2.00 price objective on Sequential Brands Group and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, ValuEngine cut Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sequential Brands Group currently has a consensus rating of “Hold” and a consensus price target of $7.00.
Shares of Sequential Brands Group Inc (NASDAQ:SQBG) opened at $2.41 on Thursday. The stock has a market capitalization of $149.67, a P/E ratio of -10.91, a PEG ratio of 0.29 and a beta of -0.30. Sequential Brands Group Inc has a twelve month low of $1.36 and a twelve month high of $4.08. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.16.
Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $46.58 million. Sequential Brands Group had a positive return on equity of 3.92% and a negative net margin of 110.90%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. equities research analysts predict that Sequential Brands Group Inc will post 0.55 earnings per share for the current fiscal year.
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About Sequential Brands Group
Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.
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