Force Capital Management Lowers stake in Sears Holdings Corp (SHLD)

Sears Holdings Corp (SHLD) : Force Capital Management reduced its stake in Sears Holdings Corp by 22.28% during the most recent quarter end. The investment management company now holds a total of 1,215,968 shares of Sears Holdings Corp which is valued at $21,388,877 after selling 348,536 shares in Sears Holdings Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sears Holdings Corp makes up approximately 16.14% of Force Capital Management’s portfolio.

Other Hedge Funds, Including , Bayesian Capital Management Lp added SHLD to its portfolio by purchasing 15,397 company shares during the most recent quarter which is valued at $270,833. Sears Holdings Corp makes up approx 0.15% of Bayesian Capital Management Lp’s portfolio.Blackrock Investment Management boosted its stake in SHLD in the latest quarter, The investment management firm added 37,405 additional shares and now holds a total of 43,910 shares of Sears Holdings Corp which is valued at $772,377.Hap Trading reduced its stake in SHLD by selling 178,342 shares or 87.95% in the most recent quarter. The Hedge Fund company now holds 24,427 shares of SHLD which is valued at $394,252. Sears Holdings Corp makes up approx 0.03% of Hap Trading’s portfolio.

Sears Holdings Corp closed down -0.28 points or -2.03% at $13.49 with 6,59,954 shares getting traded on Thursday. Post opening the session at $13.97, the shares hit an intraday low of $13.32 and an intraday high of $14.17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Sears Holdings Corp reported $-2.03 EPS for the quarter, beating the analyst consensus estimate by $ 1.45 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $-3.48. The company had revenue of $5663.00 million for the quarter, compared to analysts expectations of $5433.00 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-2.40 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 and 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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