Sequential Brands Group (NASDAQ:SQBG) Upgraded to Hold at ValuEngine

Sequential Brands Group (NASDAQ:SQBG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, February 4th.

Separately, Zacks Investment Research upgraded shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th.

Shares of SQBG opened at $2.01 on Monday. The stock has a market capitalization of $77.78 million, a PE ratio of 4.57, a P/E/G ratio of 0.13 and a beta of 0.80. Sequential Brands Group has a fifty-two week low of $0.67 and a fifty-two week high of $2.49. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.64 and a current ratio of 1.64.

In other Sequential Brands Group news, major shareholder Prescott Group Capital Managem purchased 480,818 shares of the firm’s stock in a transaction that occurred on Monday, December 31st. The shares were acquired at an average cost of $0.71 per share, for a total transaction of $341,380.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 1,468,709 shares of company stock worth $1,055,435 over the last 90 days. 29.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in SQBG. Bank of America Corp DE grew its stake in Sequential Brands Group by 14.1% during the second quarter. Bank of America Corp DE now owns 197,111 shares of the textile maker’s stock worth $389,000 after buying an additional 24,363 shares in the last quarter. Millennium Management LLC bought a new position in shares of Sequential Brands Group in the second quarter worth about $1,118,000. JPMorgan Chase & Co. lifted its holdings in shares of Sequential Brands Group by 70.9% in the third quarter. JPMorgan Chase & Co. now owns 144,210 shares of the textile maker’s stock worth $241,000 after acquiring an additional 59,851 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Sequential Brands Group by 32.0% in the third quarter. Prescott Group Capital Management L.L.C. now owns 4,316,126 shares of the textile maker’s stock worth $7,208,000 after acquiring an additional 1,045,278 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sequential Brands Group by 14.3% in the third quarter. Vanguard Group Inc. now owns 1,580,464 shares of the textile maker’s stock worth $2,640,000 after acquiring an additional 198,105 shares during the last quarter. Hedge funds and other institutional investors own 45.45% of the company’s stock.

About Sequential Brands Group

Sequential Brands Group, Inc owns, promotes, markets, and licenses a portfolio of consumer brands in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, and home goods categories under the Jessica Simpson, AND1, Avia, GAIAM, Joe's Jeans, Ellen Tracy, Emeril Lagasse, William Rast, Heelys, Revo, Caribbean Joe, DVS, The Franklin Mint, Linens N Things, SPRI, Nevados, and FUL brand names; and food, wine, magazines, books, and other print and digital content categories under the Martha Stewart brand name.

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