Old West Investment Management buys $5.8 Million stake in Sears Holdings Corp (SHLD)

Sears Holdings Corp (SHLD) : Old West Investment Management scooped up 49,938 additional shares in Sears Holdings Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 520,818 shares of Sears Holdings Corp which is valued at $5.8 Million.Sears Holdings Corp makes up approximately 4.81% of Old West Investment Management’s portfolio.

Other Hedge Funds, Including , Boyle Capital Management added SHLD to its portfolio by purchasing 17,171 company shares during the most recent quarter which is valued at $191,113. Sears Holdings Corp makes up approx 0.23% of Boyle Capital Management’s portfolio.Norges Bank reduced its stake in SHLD by selling 316,120 shares or 94.03% in the most recent quarter. The Hedge Fund company now holds 20,062 shares of SHLD which is valued at $223,290.Whittier Trust Co Of Nevada Inc boosted its stake in SHLD in the latest quarter, The investment management firm added 1,083 additional shares and now holds a total of 6,686 shares of Sears Holdings Corp which is valued at $109,483. Sears Holdings Corp makes up approx 0.01% of Whittier Trust Co Of Nevada Inc’s portfolio.

Sears Holdings Corp opened for trading at $12.05 and hit $12.89 on the upside on Wednesday, eventually ending the session at $12.52, with a gain of 4.59% or 0.55 points. The heightened volatility saw the trading volume jump to 21,26,372 shares. Company has a market cap of $1,337 M.

On the company’s financial health, Sears Holdings Corp reported $-1.86 EPS for the quarter, beating the analyst consensus estimate by $ 1.34 according to the earnings call on May 26, 2016. Analyst had a consensus of $-3.20. The company had revenue of $5394.00 million for the quarter, compared to analysts expectations of $5255.80 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-2.00 EPS.

Sears Holdings Corporation is an integrated retailer and a holding company of Kmart Holding Corporation (Kmart) and Sears Roebuck and Co. (Sears). The Company operates through two business segments: Kmart and Sears Domestic. The Company operates a network of stores with approximately 1725 full-line and specialty retail stores in the United States operating through Kmart and Sears. The Company operates a number of websites under the sears.com and kmart.com banners. The Company is also the home of Shop Your Way a free member-based social shopping platform that offers rewards personalized services. Shop Your Way connects all of the ways members shop in store at home online and by phone. The Company through Kmart stores offers an array of products across many merchandise categories including consumer electronics seasonal merchandise outdoor living toys lawn and garden equipment food and consumables and apparel.

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