Awm Investment Company Lowers stake in PFSweb (PFSW)

PFSweb (PFSW) : Awm Investment Company reduced its stake in PFSweb by 5.61% during the most recent quarter end. The investment management company now holds a total of 1,545,738 shares of PFSweb which is valued at $15,070,946 after selling 91,900 shares in PFSweb , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.PFSweb makes up approximately 2.95% of Awm Investment Company’s portfolio.

Other Hedge Funds, Including , Northpointe Capital added PFSW to its portfolio by purchasing 21,936 company shares during the most recent quarter which is valued at $220,896. PFSweb makes up approx 0.03% of Northpointe Capital’s portfolio.Punch Associates Investment Management boosted its stake in PFSW in the latest quarter, The investment management firm added 37,100 additional shares and now holds a total of 196,000 shares of PFSweb which is valued at $1,981,560. PFSweb makes up approx 0.22% of Punch Associates Investment Management’s portfolio.

PFSweb closed down -0.19 points or -1.91% at $9.74 with 1,57,607 shares getting traded on Wednesday. Post opening the session at $9.9, the shares hit an intraday low of $9.57 and an intraday high of $9.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, PFSweb reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.04. The company had revenue of $77.20 million for the quarter, compared to analysts expectations of $70.74 million. The company’s revenue was up 22.2% compared to the same quarter last year.

Many Wall Street Analysts have commented on PFSweb. Shares were Reiterated by Lake Street on Aug 9, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18 .

PFSWEB Inc. is a global provider of omni-channel commerce solutions including a range of technology infrastructure and professional services. Its service offerings include Website design creation and integration digital agency and marketing eCommerce technologies order management customer care logistics and fulfillment financial management and professional consulting. The Company operates through two primary segments: PFSweb and Business and Retail Connect. PFSweb is a global provider of various infrastructure technology and digital agency solutions and operates as a service fee business. In the Business and Retail Connect segment subsidiaries of the Company purchase inventory from clients and resell the inventory to client customers. Marketed as PFSweb’s End2End eCommerce solution and PFSweb Infinite Commerce (iCommerce) the services offered by the Company are categories as Digital Agency Services Technology Services Infrastructure Services and Technology Ecosystem.

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