The company is now down by 6.76% percent from yesterday’s close losing $0.12. More than 271 shares have changed hands.
Short traders are more bearish recently as shown by the change in short interest. The stock had a rise in short interest between September 29, 2017 and October 13, 2017 of 0.84%. Short shares increased from 5,947,680 to 5,997,554 over that period. Days to cover increased 20.0 to 57.0 and the short interest percentage is 0.09% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (SQBG). Ubs Group Ag divested its stake by selling 69 shares a decrease of 2.9% as of 09/30/2017. Ubs Group Ag controls 2,273 shares worth $7,000. The value of the position overall is down by 22.2%. Royal Bank Of Canada expanded its position by buying 3,303 shares an increase of 1,260.7% in the quarter. Royal Bank Of Canada currently owns 3,565 shares with a value of $11,000. The total value of its holdings increased 1,000.0%.
D. E. Shaw & CO., Inc. bolstered its ownership by buying 23,567 shares an increase of 19.6% from 06/30/2017 to 09/30/2017. D. E. Shaw & CO., Inc. now controls 143,516 shares valued at $429,000. The total value of its holdings decreased 10.4%. State Street Corp grew its investment by buying 12,695 shares an increase of 2.0%. State Street Corp now holds 662,650 shares valued at $1,980,000. The value of the position overall is down by 23.6%.
On November 10 the stock rating was downgraded from “Buy” to “Hold” and a price target of $1.45 was set in a report from Canaccord Genuity. November 6 investment analysts at B. Riley held the stock rating at “Buy” projecting a price of $7.00.
On October 23, 2017 Roth Capital updated coverage of SQBG and giving a rating of “Buy” and setting a price target of $3.00. On September 28 Cowen and Company maintained a stock rating of “Hold” targeting a price of $6.00.
The company currently has a P/E ratio of N/A and market cap is 112.59M. In the last earnings report the EPS was $-0.38 with 63.15M shares now outstanding.
Sequential Brands Group, Inc., launched on June 5, 2015, owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Business’s portfolio of consumer brands includes Martha Stewart, Jessica Simpson, AND1, Avia and Ellen Tracy. The Business’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Company licenses brands to both wholesale and direct-to-retail licensees..