Signia Capital Management buys $2,538,977 stake in New York & Company (NWY)

New York & Company (NWY) : Signia Capital Management scooped up 151,641 additional shares in New York & Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 725,422 shares of New York & Company which is valued at $2,538,977.New York & Company makes up approximately 7.42% of Signia Capital Management’s portfolio.

New York & Company closed down -0.13 points or -3.58% at $3.5 with 70,067 shares getting traded on Friday. Post opening the session at $3.6, the shares hit an intraday low of $3.47 and an intraday high of $3.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Grace White Inc Ny reduced its stake in NWY by selling 33,267 shares or 7.4% in the most recent quarter. The Hedge Fund company now holds 416,472 shares of NWY which is valued at $1,549,276. New York & Company makes up approx 0.34% of Grace White Inc Ny’s portfolio. Metlife Securities Inc added NWY to its portfolio by purchasing 9,027 company shares during the most recent quarter which is valued at $33,129.Penbrook Management reduced its stake in NWY by selling 3,200 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 184,700 shares of NWY which is valued at $677,849. New York & Company makes up approx 0.73% of Penbrook Management’s portfolio.

On the company’s financial health, New York & Company reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 17, 2016. Analyst had a consensus of $0.03. The company had revenue of $271.30 million for the quarter, compared to analysts expectations of $271.79 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

New York & Company Inc. is a specialty retailer of women’s fashion apparel and accessories and the wear-to-work destination for women. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at The focus customers for the Company’s merchandise are women between the ages of 25 and 45. The Company operates approximately 504 stores in 43 states with an average of approximately 5153 selling square feet per store. The Company offers a merchandise assortment consisting of wear-to-work casual apparel and accessories including pants dresses jackets knit tops blouses sweaters denim t-shirts activewear handbags and jewelry. It operates approximately 62 outlet stores.

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