Sears (SHLD) Trading Down 0%

Sears Holdings Corp (NASDAQ:SHLD)’s share price dropped 0% during mid-day trading on Wednesday . The company traded as low as $2.38 and last traded at $2.42. Approximately 1,410,000 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 1,660,000 shares. The stock had previously closed at $2.42.

SHLD has been the subject of a number of recent analyst reports. Susquehanna Bancshares set a $3.00 price objective on Sears and gave the stock a “sell” rating in a report on Friday, December 1st. ValuEngine raised Sears from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Moffett Nathanson initiated coverage on Sears in a report on Monday, December 4th. They issued a “sell” rating for the company. Finally, BidaskClub raised Sears from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. Five analysts have rated the stock with a sell rating, The company has an average rating of “Sell” and a consensus price target of $4.78.

The firm has a market capitalization of $260.43, a price-to-earnings ratio of -0.22 and a beta of 0.93. The company has a debt-to-equity ratio of -0.51, a current ratio of 0.80 and a quick ratio of 0.19.

In related news, major shareholder Bruce R. Berkowitz sold 415,700 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $3.43, for a total value of $1,425,851.00. Following the completion of the transaction, the insider now directly owns 799,516 shares of the company’s stock, valued at approximately $2,742,339.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce R. Berkowitz sold 350,700 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $2.86, for a total value of $1,003,002.00. Following the transaction, the insider now directly owns 799,516 shares of the company’s stock, valued at $2,286,615.76. The disclosure for this sale can be found here. Insiders sold a total of 2,978,800 shares of company stock valued at $9,818,269 over the last three months. Corporate insiders own 89.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fine Capital Partners L.P. boosted its stake in Sears by 7.2% during the 4th quarter. Fine Capital Partners L.P. now owns 2,876,895 shares of the company’s stock valued at $10,299,000 after purchasing an additional 193,822 shares in the last quarter. State Street Corp boosted its stake in Sears by 5.9% during the 2nd quarter. State Street Corp now owns 2,087,415 shares of the company’s stock valued at $18,496,000 after purchasing an additional 116,765 shares in the last quarter. Cyrus Capital Partners L.P. bought a new position in Sears during the 4th quarter valued at $2,764,000. California Public Employees Retirement System boosted its stake in Sears by 4.8% during the 3rd quarter. California Public Employees Retirement System now owns 451,827 shares of the company’s stock valued at $3,298,000 after purchasing an additional 20,879 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Sears during the 3rd quarter valued at $1,541,000. 58.17% of the stock is owned by hedge funds and other institutional investors.

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About Sears

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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