Verition Fund Management LLC Has $2.64 Million Position in Savers Value Village, Inc. (NYSE:SVV)

Verition Fund Management LLC increased its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 31.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,594 shares of the company's stock after acquiring an additional 60,007 shares during the period. Verition Fund Management LLC owned about 0.16% of Savers Value Village worth $2,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Savers Value Village during the second quarter worth $62,000. Aigen Investment Management LP lifted its position in Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company's stock worth $163,000 after buying an additional 3,477 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Savers Value Village during the 2nd quarter worth about $255,000. GSA Capital Partners LLP acquired a new stake in Savers Value Village in the 3rd quarter valued at about $248,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Savers Value Village in the third quarter worth about $252,000. 98.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SVV has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Savers Value Village from a "buy" rating to a "neutral" rating and decreased their price target for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Loop Capital lowered their target price on Savers Value Village from $23.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Robert W. Baird cut their price target on Savers Value Village from $21.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $12.00.

Savers Value Village Trading Down 0.5 %

Savers Value Village stock traded down $0.05 during mid-day trading on Thursday, hitting $9.60. 220,350 shares of the company's stock were exchanged, compared to its average volume of 732,212. The company's 50 day simple moving average is $9.92 and its 200-day simple moving average is $10.60. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $1.54 billion, a P/E ratio of 20.39 and a beta of 1.40. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33.

Insiders Place Their Bets

In other news, COO Jubran N. Tanious sold 7,889 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total value of $81,335.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.38% of the company's stock.

About Savers Value Village

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.