Insider Buying: Sears Holdings Corp (SHLD) Director Acquires $1,350,000.00 in Stock

Sears Holdings Corp (NASDAQ:SHLD) Director Fairholme Capital Management L acquired 150,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was acquired at an average cost of $9.00 per share, for a total transaction of $1,350,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fairholme Capital Management L also recently made the following trade(s):

  • On Monday, March 20th, Fairholme Capital Management L acquired 6,700 shares of Sears Holdings Corp stock. The stock was acquired at an average cost of $8.99 per share, for a total transaction of $60,233.00.
  • On Wednesday, March 22nd, Fairholme Capital Management L acquired 613,900 shares of Sears Holdings Corp stock. The stock was acquired at an average cost of $8.17 per share, for a total transaction of $5,015,563.00.
  • On Friday, March 17th, Fairholme Capital Management L acquired 222,100 shares of Sears Holdings Corp stock. The stock was acquired at an average cost of $8.79 per share, for a total transaction of $1,952,259.00.
  • On Tuesday, March 14th, Fairholme Capital Management L acquired 281,900 shares of Sears Holdings Corp stock. The stock was acquired at an average cost of $8.67 per share, for a total transaction of $2,444,073.00.
  • On Thursday, December 22nd, Fairholme Capital Management L sold 8,700 shares of Sears Holdings Corp stock. The stock was sold at an average price of $9.43, for a total transaction of $82,041.00.

Shares of Sears Holdings Corp (NASDAQ:SHLD) opened at 8.50 on Monday. The company’s market cap is $910.34 million. Sears Holdings Corp has a 12 month low of $5.50 and a 12 month high of $19.12. The stock has a 50 day moving average of $7.76 and a 200-day moving average of $10.12.

Sears Holdings Corp (NASDAQ:SHLD) last released its earnings results on Thursday, March 9th. The company reported ($1.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.85) by $1.57. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.70) EPS. On average, analysts forecast that Sears Holdings Corp will post ($12.41) EPS for the current year.

Insider Buying and Selling by Quarter for Sears Holdings Corp (NASDAQ:SHLD)

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Separately, Susquehanna Bancshares Inc reissued a “sell” rating on shares of Sears Holdings Corp in a research report on Saturday, March 11th.

A number of hedge funds have recently added to or reduced their stakes in SHLD. Stonehill Capital Management LLC purchased a new stake in Sears Holdings Corp during the fourth quarter worth $8,972,000. Norges Bank purchased a new stake in Sears Holdings Corp during the fourth quarter worth $5,049,000. California Public Employees Retirement System increased its stake in Sears Holdings Corp by 3.8% in the third quarter. California Public Employees Retirement System now owns 345,348 shares of the company’s stock worth $3,958,000 after buying an additional 12,700 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in Sears Holdings Corp during the fourth quarter worth $271,000. Finally, GSA Capital Partners LLP purchased a new stake in Sears Holdings Corp during the fourth quarter worth $186,000. 67.17% of the stock is owned by institutional investors and hedge funds.

About Sears Holdings Corp

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). It operates through two segments: Kmart and Sears Domestic. It operates approximately 940 Kmart stores across over 50 states, Guam, Puerto Rico and the United States Virgin Islands.

5 Day Chart for NASDAQ:SHLD

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