Quadrature Capital Ltd Buys Shares of 26,319 Torrid Holdings Inc. (NYSE:CURV)

Quadrature Capital Ltd acquired a new stake in Torrid Holdings Inc. (NYSE:CURV) in the 3rd quarter, Holdings Channel reports. The fund acquired 26,319 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds also recently made changes to their positions in the business. Maven Securities LTD acquired a new position in shares of Torrid in the third quarter worth $98,000. Ritholtz Wealth Management lifted its stake in Torrid by 161.0% during the second quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock worth $286,000 after purchasing an additional 23,553 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Torrid during the 3rd quarter worth about $166,000. Charles Schwab Investment Management Inc. raised its position in Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after purchasing an additional 6,968 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Torrid by 87.3% during the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after purchasing an additional 50,439 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on Torrid in a research report on Friday, December 6th. They set a “buy” rating and a $5.00 target price for the company. The Goldman Sachs Group lowered their price target on Torrid from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Telsey Advisory Group lowered their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Finally, William Blair raised shares of Torrid from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Torrid presently has a consensus rating of “Hold” and a consensus price target of $5.20.

Insider Buying and Selling at Torrid

In other news, insider Elizabeth Munoz sold 28,228 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.80, for a total value of $107,266.40. Following the transaction, the insider now owns 1,948,683 shares in the company, valued at $7,404,995.40. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Sycamore Partners Torrid, L.L. sold 1,092,442 shares of Torrid stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $3.80, for a total value of $4,151,279.60. Following the sale, the insider now directly owns 73,976,602 shares of the company’s stock, valued at $281,111,087.60. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,195,383 shares of company stock worth $4,542,455 over the last three months. 9.77% of the stock is owned by insiders.

Torrid Stock Up 1.9 %

NYSE CURV opened at $4.22 on Friday. Torrid Holdings Inc. has a 12-month low of $2.18 and a 12-month high of $9.14. The company’s 50 day moving average is $3.86 and its 200-day moving average is $5.69. The firm has a market cap of $441.75 million, a P/E ratio of 28.13 and a beta of 2.01.

Torrid Company Profile

Torrid Holdings Inc operates in women’s plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.