Martin & Co. Inc. TN increased its holdings in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,939 shares of the company's stock after acquiring an additional 96,816 shares during the quarter. Martin & Co. Inc. TN owned approximately 1.50% of Lifetime Brands worth $1,962,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of LCUT. Empowered Funds LLC grew its holdings in shares of Lifetime Brands by 5.3% during the third quarter. Empowered Funds LLC now owns 96,093 shares of the company's stock valued at $628,000 after purchasing an additional 4,824 shares during the last quarter. Barclays PLC grew its stake in Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company's stock worth $124,000 after buying an additional 5,302 shares during the last quarter. Jane Street Group LLC bought a new position in Lifetime Brands during the 3rd quarter worth $67,000. Geode Capital Management LLC lifted its stake in Lifetime Brands by 3.9% in the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company's stock valued at $1,925,000 after buying an additional 11,118 shares during the last quarter. Finally, SageView Advisory Group LLC lifted its stake in Lifetime Brands by 89.3% in the third quarter. SageView Advisory Group LLC now owns 24,421 shares of the company's stock valued at $160,000 after buying an additional 11,521 shares during the last quarter. Institutional investors own 40.62% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. DA Davidson cut shares of Lifetime Brands from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $11.50 to $6.75 in a report on Monday, February 3rd. StockNews.com lowered shares of Lifetime Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th.
Get Our Latest Analysis on LCUT
Lifetime Brands Stock Performance
Shares of LCUT traded down $0.07 during trading hours on Wednesday, reaching $5.08. 44,418 shares of the company's stock traded hands, compared to its average volume of 50,697. Lifetime Brands, Inc. has a twelve month low of $4.86 and a twelve month high of $11.68. The business's fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $6.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The firm has a market capitalization of $112.59 million, a price-to-earnings ratio of -5.13, a P/E/G ratio of 0.50 and a beta of 1.28.
About Lifetime Brands
(
Free Report)
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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