Kingdom Ridge Capital Exits Position in Overstock.com (OSTK)

Overstock.com (OSTK) : Kingdom Ridge Capital has sold out all of its stake in Overstock.com 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 47,951 shares of Overstock.com which is valued at $768,175.

Other Hedge Funds, Including , J. Goldman Co Lp boosted its stake in OSTK in the latest quarter, The investment management firm added 11,800 additional shares and now holds a total of 191,800 shares of Overstock.com which is valued at $3,072,636. Overstock.com makes up approx 0.31% of J. Goldman Co Lp’s portfolio.Vertex One Asset Management boosted its stake in OSTK in the latest quarter, The investment management firm added 89,370 additional shares and now holds a total of 112,570 shares of Overstock.com which is valued at $1,803,371. Overstock.com makes up approx 0.29% of Vertex One Asset Management’s portfolio.Dimensional Fund Advisors Lp boosted its stake in OSTK in the latest quarter, The investment management firm added 55,256 additional shares and now holds a total of 394,386 shares of Overstock.com which is valued at $6,294,401.California Public Employees Retirement System boosted its stake in OSTK in the latest quarter, The investment management firm added 8,900 additional shares and now holds a total of 18,900 shares of Overstock.com which is valued at $310,716.

Overstock.com opened for trading at $15.42 and hit $15.49 on the upside on Thursday, eventually ending the session at $15.45, with a gain of 0.26% or 0.04 points. The heightened volatility saw the trading volume jump to 63,228 shares. Company has a market cap of $392 M.

Many Wall Street Analysts have commented on Overstock.com. Maxim Group Initiated Overstock.com on May 26, 2016 to “Buy”, Price Target of the shares are set at $20.

Overstock.com Inc. (Overstock) is an online retailer offering discount brand name non-brand name and closeout merchandise including furniture home decor bedding and bath housewares jewelry and watches apparel and designer accessories electronics and computers and sporting goods among other products. The Company also sells books magazines compact discs (CDs) digital versatile discs (DVDs) and video games (BMMG). The Company has organized its shopping business in two segments: direct business and partner business. The Company offers approximately 683000 non-BMMG products and approximately 696000 BMMG products. Overstock’s direct business includes sales made to individual consumers and businesses. The Company’s partner business segment sells merchandise of other retailers cataloguers or manufacturers through its Website. Overstock sells these products through its Internet Websites located at www.overstock.com www.o.co and www.o.biz.

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