Old West Investment Management buys $14,252,491 stake in Sears Holdings Corp (SHLD)

Sears Holdings Corp (SHLD) : Old West Investment Management scooped up 289,443 additional shares in Sears Holdings Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 810,261 shares of Sears Holdings Corp which is valued at $14,252,491.Sears Holdings Corp makes up approximately 9.45% of Old West Investment Management’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in SHLD in the latest quarter, The investment management firm added 125,194 additional shares and now holds a total of 280,924 shares of Sears Holdings Corp which is valued at $4,941,453. Sears Holdings Corp makes up approx 0.02% of Hsbc Holdings Plc’s portfolio.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. Goodwin Daniel L added SHLD to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $385,250. Sears Holdings Corp makes up approx 0.12% of Goodwin Daniel L’s portfolio.

Sears Holdings Corp opened for trading at $14.26 and hit $14.65 on the upside on Monday, eventually ending the session at $14.38, with a gain of 1.91% or 0.27 points. The heightened volatility saw the trading volume jump to 4,99,667 shares. Company has a market cap of $1,538 M.

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 sears.com and kmart.com 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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