Firefly Value Partners Lp Exits Position in Bon-Ton Stores Inc (BONT)

Bon-Ton Stores Inc (BONT) : Firefly Value Partners Lp has sold out all of its stake in Bon-Ton Stores Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 10,000 shares of Bon-Ton Stores Inc which is valued at $14,460.

Other Hedge Funds, Including , Spark Investment Management boosted its stake in BONT in the latest quarter, The investment management firm added 17,800 additional shares and now holds a total of 81,100 shares of Bon-Ton Stores Inc which is valued at $117,271. Bon-Ton Stores Inc makes up approx 0.01% of Spark Investment Management’s portfolio.Blackrock Fund Advisors reduced its stake in BONT by selling 583 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 33,692 shares of BONT which is valued at $48,719.Acrospire Investment Management boosted its stake in BONT in the latest quarter, The investment management firm added 4,835 additional shares and now holds a total of 5,900 shares of Bon-Ton Stores Inc which is valued at $8,319. Bon-Ton Stores Inc makes up approx 0.01% of Acrospire Investment Management’s portfolio.

Bon-Ton Stores Inc closed down -0.01 points or -0.59% at $1.69 with 31,819 shares getting traded on Thursday. Post opening the session at $1.69, the shares hit an intraday low of $1.65 and an intraday high of $1.73 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Bon-Ton Stores Inc reported $-1.91 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $-1.50. The company had revenue of $608.40 million for the quarter, compared to analysts expectations of $628.00 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.74 EPS.

The Bon-Ton Stores Inc. is a department store operator. The Company offers a range of brand-name fashion apparel and accessories for women men and children. It operates approximately 270 stores in 26 states in the Northeast Midwest and upper Great Plains under the Bon-Ton Bergner’s Boston Store Carson’s Elder-Beerman Herberger’s and Younkers nameplates encompassing a total of approximately 25 million square feet. The Company operates through two segments: stores and e-Commerce segments. Its stores offer a range of fashion apparel and accessories for women men and children as well as cosmetics home furnishings and other goods. Its nationally distributed brand assortment includes labels in the apparel accessories footwear cosmetics and home furnishings industries such as Anne Klein Clarks Clinique and Calvin Klein among others. The Company’s private brand portfolio includes brands such as Laura Ashley Le Tigre Cuddle Bear Ruff Hewn and Relativity among others.

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