Sears Holdings Corporation (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 38,800 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $4.26, for a total value of $165,288.00. Following the transaction, the insider now directly owns 799,516 shares in the company, valued at $3,405,938.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Sears Holdings Corporation (SHLD) traded down $0.03 during mid-day trading on Monday, reaching $4.57. The company had a trading volume of 1,166,800 shares, compared to its average volume of 1,422,200. Sears Holdings Corporation has a fifty-two week low of $4.51 and a fifty-two week high of $14.32. The company has a quick ratio of 0.23, a current ratio of 0.92 and a debt-to-equity ratio of -0.66.
Sears Holdings Corporation (NASDAQ:SHLD) last announced its earnings results on Thursday, August 24th. The company reported ($1.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.48) by $1.32. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business earned ($2.24) EPS. The company’s quarterly revenue was down 22.9% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. BlueCrest Capital Management Ltd acquired a new position in shares of Sears Holdings Corporation in the 2nd quarter valued at $117,000. KCG Holdings Inc. acquired a new position in shares of Sears Holdings Corporation in the 1st quarter valued at $129,000. Rhumbline Advisers boosted its position in shares of Sears Holdings Corporation by 9.0% in the 2nd quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock valued at $150,000 after purchasing an additional 1,394 shares during the period. LMR Partners LLP acquired a new position in shares of Sears Holdings Corporation in the 3rd quarter valued at $176,000. Finally, ING Groep NV acquired a new position in shares of Sears Holdings Corporation in the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 62.10% of the company’s stock.
About Sears Holdings Corporation
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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