Ellington Management Group adds Iconix Brand Group Inc (ICON) to its portfolio

Iconix Brand Group Inc (ICON) : Ellington Management Group added new position in Iconix Brand Group Inc during the most recent quarter end. The investment management firm now holds 49,500 shares of Iconix Brand Group Inc which is valued at $398,475 , the company said in a statement filed on Aug 15, 2016 with the SEC.Iconix Brand Group Inc makes up approximately 0.52% of Ellington Management Group’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors sold out all of its stake in ICON during the most recent quarter. The investment firm sold 76,007 shares of ICON which is valued $611,856.Geode Capital Management boosted its stake in ICON in the latest quarter, The investment management firm added 5,017 additional shares and now holds a total of 327,457 shares of Iconix Brand Group Inc which is valued at $2,636,029.Blackrock Advisors reduced its stake in ICON by selling 1,094 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 21,547 shares of ICON which is valued at $173,453.Blackrock Institutional Trust Company N.a. reduced its stake in ICON by selling 36,722 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 1,409,117 shares of ICON which is valued at $11,343,392. Credit Agricole S A added ICON to its portfolio by purchasing 4,875 company shares during the most recent quarter which is valued at $39,244.

Iconix Brand Group Inc closed down -0.05 points or -0.58% at $8.55 with 916,326 shares getting traded on Wednesday. Post opening the session at $8.6, the shares hit an intraday low of $8.46 and an intraday high of $8.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Iconix Brand Group Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $95.74 million for the quarter, compared to analysts expectations of $95.22 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Iconix Brand Group Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s men’s entertainment and home. The Company’s brand portfolio includes Candie’s Bongo Badgley Mischka Joe Boxer Rampage Mudd London Fog Mossimo Ocean Pacific (OP) Danskin Rocawear Cannon Royal Velvet Fieldcrest Charisma Starter Waverly Zoo York Sharper Image Umbro Lee Cooper Ecko Unltd. Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger Material Girl Peanuts Ed Hardy Truth or Dare Billionaire Boys Club Ice Cream Modern Amusement Buffalo Nick Graham Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products including apparel footwear fashion accessories sportswear home products and decor and beauty and fragrance and in the case of its Sharper Image brand consumer electronics and novelty products.

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