Eqis Capital Management Inc. Reduces Holdings in Stage Stores Inc (NYSE:SSI)

Eqis Capital Management Inc. lowered its holdings in Stage Stores Inc (NYSE:SSI) by 8.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 64,326 shares of the company’s stock after selling 6,037 shares during the period. Eqis Capital Management Inc.’s holdings in Stage Stores were worth $121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Simplex Trading LLC purchased a new stake in Stage Stores in the 3rd quarter worth approximately $27,000. Paradigm Capital Management Inc. NY lifted its holdings in Stage Stores by 0.6% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock worth $1,845,000 after buying an additional 15,000 shares during the period. Crescent Grove Advisors LLC lifted its holdings in Stage Stores by 37.3% in the 3rd quarter. Crescent Grove Advisors LLC now owns 129,611 shares of the company’s stock worth $244,000 after buying an additional 35,211 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Stage Stores by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after buying an additional 47,389 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

In other Stage Stores news, EVP Thorsten I. Weber acquired 229,500 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was acquired at an average price of $0.99 per share, for a total transaction of $227,205.00. Following the acquisition, the executive vice president now owns 343,401 shares in the company, valued at approximately $339,966.99. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director M Kathleen Behrens acquired 62,500 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $16.00 per share, with a total value of $1,000,000.00. In the last quarter, insiders acquired 312,000 shares of company stock valued at $1,264,805. Company insiders own 11.60% of the company’s stock.

Separately, ValuEngine upgraded Stage Stores from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.

NYSE SSI opened at $2.17 on Tuesday. Stage Stores Inc has a fifty-two week low of $0.55 and a fifty-two week high of $3.12. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.24 and a current ratio of 1.84. The stock has a 50 day simple moving average of $2.23 and a two-hundred day simple moving average of $1.22. The stock has a market cap of $62.09 million, a P/E ratio of -1.01 and a beta of 1.39.

Stage Stores (NYSE:SSI) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.83) earnings per share for the quarter. Stage Stores had a negative return on equity of 36.72% and a negative net margin of 7.01%. The business had revenue of $381.85 million during the quarter. Sell-side analysts predict that Stage Stores Inc will post -2.17 earnings per share for the current year.

Stage Stores Company Profile

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for Stage Stores (NYSE:SSI)

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