Twin Capital Management Inc Sells A Lot More Signet Jewelers Ltd (SIG) Stock


Signet Jewelers Ltd (NYSE:SIG).

Twin Capital Management Inc says it sold 6,161 shares last quarter decreasing its holdings in Signet Jewelers Ltd by 13.4%. Its position was valued at $2,657,000 a decrease of $258,000 as of the end of the quarter.

These firms have modified their investment in SIG. Amalgamated Bank reduced its stake by selling 400 shares a decrease of 2.9%. Amalgamated Bank now holds 13,296 shares valued at $885,000. The value of the position overall is up by 2.2%. American International Group Inc cut its ownership by shedding 6,221 shares a decrease of 25.7% in the quarter. American International Group Inc claims 18,026 shares worth $1,200,000. The total value of its holdings decreased 21.7%.

Td Asset Management Inc downsized its position by shedding 3,160 shares a decrease of 13.8% as of 09/30/2017. Td Asset Management Inc currently owns 19,811 shares with a value of $1,318,000. The total value of its holdings decreased 9.3%.

On November 2 analysts at Susquehanna Bancshares issued a report on SIG with an initial rating of “Neutral”. October 5 investment analysts at Royal Bank Of Canada left the company rating at “Buy” targeting a price of $66.00.

September 29 investment analysts at Northcoast Research reiterated a “Neutral” rating on the stock. Equity analyst Needham & Company LLC raised the price target on September 20 changing the forecast from $69.00 to $74.00 and issued a “Buy” rating.

On September 12 Cowen and Company kept the company rating at “Market Perform” with a current price target of $67.00. On August 28 Instinet left the stock rating at “Buy” projecting a price of $73.00.

The company is trading down by 1.74% since yesterday’s close of 70.81. The company’s P/E ratio is 11.29 and the market cap is 4.21B. In the last earnings report the EPS was $6.16 with 60.46M shares outstanding.

Investors are a little more bullish on the company lately as indicated by the downtick in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -2.61%. Short shares fell 361,740 over that timeframe. Days to cover increased 1.0 to 12.0 and the short interest percentage is 0.22% as of October 13.