Lifetime Brands Inc (NASDAQ:LCUT) Stock Holdings Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in Lifetime Brands Inc (NASDAQ:LCUT) by 84.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 379,716 shares of the company’s stock after purchasing an additional 174,227 shares during the quarter. Russell Investments Group Ltd.’s holdings in Lifetime Brands were worth $3,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of LCUT. Weber Alan W lifted its position in shares of Lifetime Brands by 44.4% in the first quarter. Weber Alan W now owns 65,000 shares of the company’s stock worth $614,000 after purchasing an additional 20,000 shares in the last quarter. Olstein Capital Management L.P. lifted its position in shares of Lifetime Brands by 14.3% in the second quarter. Olstein Capital Management L.P. now owns 220,551 shares of the company’s stock worth $2,086,000 after purchasing an additional 27,551 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of Lifetime Brands by 21.6% in the second quarter. Teton Advisors Inc. now owns 231,175 shares of the company’s stock worth $2,187,000 after purchasing an additional 41,000 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Lifetime Brands by 13.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 466,758 shares of the company’s stock worth $4,411,000 after purchasing an additional 57,035 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in shares of Lifetime Brands by 11.3% in the first quarter. Kennedy Capital Management Inc. now owns 1,128,643 shares of the company’s stock worth $10,666,000 after purchasing an additional 114,719 shares in the last quarter. 44.91% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on LCUT. ValuEngine lowered shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Monday, June 3rd. TheStreet lowered shares of Lifetime Brands from a “c-” rating to a “d+” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research lowered shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th.



LCUT traded up $0.14 during midday trading on Monday, hitting $9.21. 3,205 shares of the company’s stock traded hands, compared to its average volume of 26,209. The company has a market cap of $197.46 million, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The stock’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $9.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.67 and a quick ratio of 1.01. Lifetime Brands Inc has a one year low of $6.70 and a one year high of $12.40.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.08). The business had revenue of $142.54 million for the quarter, compared to the consensus estimate of $153.11 million. Lifetime Brands had a negative net margin of 0.06% and a positive return on equity of 4.03%. On average, research analysts expect that Lifetime Brands Inc will post 0.61 EPS for the current year.

Lifetime Brands Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

Recommended Story: Sell-Side Analysts

Want to see what other hedge funds are holding LCUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lifetime Brands Inc (NASDAQ:LCUT).

Institutional Ownership by Quarter for Lifetime Brands (NASDAQ:LCUT)

Receive News & Ratings for Lifetime Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands and related companies with MarketBeat.com's FREE daily email newsletter.