Quinn Opportunity Partners LLC Cuts Stock Holdings in Hanesbrands Inc. (NYSE:HBI)

Quinn Opportunity Partners LLC reduced its position in Hanesbrands Inc. (NYSE:HBI - Free Report) by 88.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the textile maker's stock after selling 190,000 shares during the period. Quinn Opportunity Partners LLC's holdings in Hanesbrands were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Hanesbrands by 122.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,920 shares of the textile maker's stock worth $40,000 after purchasing an additional 2,712 shares during the last quarter. WFA Asset Management Corp purchased a new position in Hanesbrands during the 4th quarter worth $46,000. GAMMA Investing LLC increased its position in Hanesbrands by 39.7% during the 4th quarter. GAMMA Investing LLC now owns 6,669 shares of the textile maker's stock valued at $54,000 after buying an additional 1,895 shares in the last quarter. Allworth Financial LP raised its stake in Hanesbrands by 459.2% in the fourth quarter. Allworth Financial LP now owns 8,220 shares of the textile maker's stock valued at $69,000 after buying an additional 6,750 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Hanesbrands in the third quarter worth about $77,000. Hedge funds and other institutional investors own 80.31% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price objective on shares of Hanesbrands from $7.00 to $5.00 and set a "hold" rating for the company in a research report on Thursday, April 10th.

Insider Transactions at Hanesbrands

In other Hanesbrands news, Director Robert F. Moran bought 74,850 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $6.01 per share, for a total transaction of $449,848.50. Following the completion of the transaction, the director now directly owns 216,373 shares of the company's stock, valued at approximately $1,300,401.73. This trade represents a 52.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company's stock.

Hanesbrands Stock Performance

HBI stock traded up $0.08 during midday trading on Friday, reaching $4.40. The stock had a trading volume of 4,341,306 shares, compared to its average volume of 7,124,639. The firm has a fifty day simple moving average of $5.67 and a two-hundred day simple moving average of $7.19. Hanesbrands Inc. has a 52-week low of $4.02 and a 52-week high of $9.10. The company has a debt-to-equity ratio of 64.28, a quick ratio of 0.68 and a current ratio of 1.37. The stock has a market cap of $1.55 billion, a PE ratio of -4.78 and a beta of 1.55.

Hanesbrands (NYSE:HBI - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $888.47 million during the quarter, compared to analysts' expectations of $899.30 million. Hanesbrands had a positive return on equity of 108.01% and a negative net margin of 8.06%. As a group, equities research analysts anticipate that Hanesbrands Inc. will post 0.53 EPS for the current year.

Hanesbrands Profile

Hanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of range of innerwear apparels for men, women, and children in the Americas, Europe, the Asia pacific, and internationally. The company operates through three segments: Innerwear, Activewear, and International.