Edward Lampert Insider Buy
Edward Lampert, an insider and also Chief Executive Officer of the well-known company Sears Holdings Corp made a huge acquision, which can’t go unnoticed. He paid for 57,261 shares of the company with Edward Lampert’s investment worth near $821,267 U.S. Dollars - estimated based on $14.3 for every share. It seems he is very active lately as in the last month, he silently acquired additional 68,271 shares of the company, worth $1.01 million USD. Having been a very significant market investment at Sears Holdings Corp, the chance that it stays unseen for long was obviously very low. Edward Lampert presently has in hand 53.38 million shares which are equivalent to about 48.18% of the Illinois-Company’s market cap (total dollar market value of all company’s outstanding shares). This insider transaction, was conducted on 12-04-2016. It’s on hand for review at the SEC’s website and can be found at this page.
The institutional sentiment decreased to 0.73 in Q3 2015. Its down 0.01, from 0.74 in 2015Q2. The ratio is negative, as 36 funds sold all Sears Holdings Corp shares owned while 56 reduced positions. 22 funds bought stakes while 45 increased positions. They now own 70.54 million shares or 11.68% less from 79.87 million shares in 2015Q2.
Rbs Partners L.P. holds 32.21% of its portfolio in Sears Holdings Corp for 22.35 million shares. Fairholme Capital Management Llc owns 26.65 million shares or 17.35% of their US portfolio. Moreover, Force Capital Management Llc has 9.99% invested in the company for 2.11 million shares. The Ontario - Canada-based Chou Associates Management Inc. has invested 6.96% in the stock. Old West Investment Management Llc, a California-based fund reported 399,851 shares.
About 640,524 shares traded hands. Sears Holdings Corp (NASDAQ:SHLD) has declined 46.79% since September 3, 2015 and is downtrending. It has underperformed by 51.45% the S&P500.
Sears Holdings Corporation is an integrated retailer and a holding firm of Kmart Holding Corporation and Sears, Roebuck and Co. (Sears). The company has a market cap of $1.60 billion. The Firm operates through two business divisions: Kmart and Sears Domestic. It currently has negative earnings. The Firm operates a network of stores with approximately 1,725 full-line and specialty retail stores in the United States, operating through Kmart and Sears.
According to Zacks Investment Research, “Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co., is the leading home appliance retailer in North America and is a retail sales leader in tools, lawn and garden, home electronics, and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.”
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