Anthracite Investment Company Inc. Buys Shares of 185,425 Capri Holdings Limited (NYSE:CPRI)

Anthracite Investment Company Inc. bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 185,425 shares of the company's stock, valued at approximately $7,869,000. Capri accounts for 3.5% of Anthracite Investment Company Inc.'s portfolio, making the stock its 2nd largest position. Anthracite Investment Company Inc. owned about 0.16% of Capri at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverwater Partners LLC purchased a new stake in shares of Capri in the third quarter worth $1,030,000. Aristides Capital LLC bought a new stake in Capri during the 2nd quarter valued at about $1,865,000. Fortis Group Advisors LLC purchased a new position in Capri in the third quarter worth about $2,149,000. Gabelli Funds LLC lifted its stake in shares of Capri by 7.1% in the first quarter. Gabelli Funds LLC now owns 504,599 shares of the company's stock worth $22,858,000 after buying an additional 33,550 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Capri by 116.8% during the 1st quarter. California State Teachers Retirement System now owns 267,131 shares of the company's stock valued at $12,101,000 after purchasing an additional 143,899 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CPRI. Telsey Advisory Group reduced their price target on shares of Capri from $26.00 to $23.00 and set a "market perform" rating for the company in a research note on Friday, November 15th. Citigroup downgraded shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a report on Friday, September 13th. StockNews.com downgraded shares of Capri from a "hold" rating to a "sell" rating in a research report on Tuesday, August 27th. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 11th. Finally, TD Cowen dropped their price target on shares of Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $28.00.

Capri Price Performance

CPRI traded up $0.02 during trading on Wednesday, hitting $20.07. The company's stock had a trading volume of 2,280,415 shares, compared to its average volume of 2,088,165. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -6.55, a P/E/G ratio of 4.33 and a beta of 2.05. The business's fifty day simple moving average is $33.62 and its 200 day simple moving average is $33.85. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23.

Capri Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.