Signia Capital Management Lowers stake in New York & Company (NWY)

New York & Company (NWY) : Signia Capital Management reduced its stake in New York & Company by 19.31% during the most recent quarter end. The investment management company now holds a total of 585,312 shares of New York & Company which is valued at $1,082,827 after selling 140,110 shares in New York & Company , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.New York & Company makes up approximately 3.19% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities sold out all of its stake in NWY during the most recent quarter. The investment firm sold 16,100 shares of NWY which is valued $29,785. Fny Managed Accounts sold out all of its stake in NWY during the most recent quarter. The investment firm sold 500 shares of NWY which is valued $920.Msi Financial Services Inc reduced its stake in NWY by selling 7,848 shares or 86.94% in the most recent quarter. The Hedge Fund company now holds 1,179 shares of NWY which is valued at $2,169. Simplex Trading added NWY to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $169.

New York & Company opened for trading at $1.89 and hit $1.91 on the upside on Monday, eventually ending the session at $1.91, with a gain of 1.06% or 0.02 points. The heightened volatility saw the trading volume jump to 1,70,379 shares. Company has a market cap of $123 M.

On the company’s financial health, New York & Company reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on May 19, 2016. Analyst had a consensus of $0.04. The company had revenue of $216.04 million for the quarter, compared to analysts expectations of $224.29 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on New York & Company. Shares were Downgraded by Wunderlich on May 20, 2016 to ” Hold” and Lowered the Price Target to $ 2.25 from a previous price target of $3.50 .

New York & Company Inc. is a specialty retailer of women’s fashion apparel and accessories and the wear-to-work destination for women. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at The focus customers for the Company’s merchandise are women between the ages of 25 and 45. The Company operates approximately 504 stores in 43 states with an average of approximately 5153 selling square feet per store. The Company offers a merchandise assortment consisting of wear-to-work casual apparel and accessories including pants dresses jackets knit tops blouses sweaters denim t-shirts activewear handbags and jewelry. It operates approximately 62 outlet stores.

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