Freds Inc: Nwq Investment Management Company Opened Position

February 14, 2018 - By Vivian Currie

 Freds Inc: Nwq Investment Management Company Opened Position

Investors sentiment increased to 1.56 in 2017 Q3. Its up 0.60, from 0.96 in 2017Q2. It is positive, as 12 investors sold Fred's, Inc. shares while 29 reduced holdings. 31 funds opened positions while 33 raised stakes. 34.64 million shares or 7.29% less from 37.37 million shares in 2017Q2 were reported.

449,023 were reported by Northern. Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 1.20M shares or 0.11% of its portfolio. Putnam Invs Ltd Llc owns 281,563 shares. Pinebridge Invs Limited Partnership owns 0% invested in Fred's, Inc. (NASDAQ:FRED) for 4,437 shares. Frontfour Capital Gru Ltd Liability, a Connecticut-based fund reported 383,664 shares. 1.58 million are owned by Adage Cap Prtnrs Group Limited Liability Corp. Sei Invests has invested 0% in Fred's, Inc. (NASDAQ:FRED). Kessler Investment Gp Ltd Co has invested 0.12% in Fred's, Inc. (NASDAQ:FRED). The Maryland-based Price T Rowe Md has invested 0% in Fred's, Inc. (NASDAQ:FRED). Ameritas Prns has invested 0% in Fred's, Inc. (NASDAQ:FRED). Bridgeway Management Inc owns 242,050 shares or 0.02% of their US portfolio. Dimensional Fund Advsr Limited Partnership, Texas-based fund reported 2.38M shares. Hutchin Hill Cap L P holds 0.03% in Fred's, Inc. (NASDAQ:FRED) or 121,100 shares. Moreover, Sg Americas Limited Liability has 0% invested in Fred's, Inc. (NASDAQ:FRED). Schwab Charles Inv Mgmt Inc accumulated 675,331 shares or 0% of the stock.

Since December 13, 2017, it had 1 buying transaction, and 0 selling transactions for $334,900 activity.

The New Nwq Investment Management Company Holding in Freds Inc

Nwq Investment Management Company reported SC 13G/A form with the SEC for Freds Inc. Access it here: 000119312518042495. As reported by Nwq Investment Management Company, the filler owns 8.857% or 3,385,983 shares of the Consumer Discretionary–company.

Freds Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Nwq Investment Management Company’s positive view for Freds Inc. For a institutional investor managing $13.77 billion in assets and having 46+ experts this is interesting position.

Freds Inc Institutional Sentiment

Filings show 105 investors own Freds Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 7979355. 42222613 were owned by these investors. 9 funds opened new Freds Inc stakes, 47 increased positions. There were 18 that closed positions and 31 reduced them.

Nwq Investment Management Company Llc is an investor bullish on Freds Inc, owning 2830837 shares as of Q3 2015 for 0.52% of its portfolio. National Rural Electric Cooperative Association owns 2231569 shares or 0.51% of its portfolio. TN Reliant Investment Management Llc have 0.20% of its portfolio for 17207 shares. Further, Horrell Capital Management Inc reported stake worth 0.20% of its portfolio. The WI Heartland Advisors Inc owns 3868577 shares. Freds Inc is 1.68% of its portfolio.

Business Profile

Fred’s, Inc. (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States. The Company is licensed to dispense pharmaceuticals in approximately 50 states. The Company operates approximately 640 company-owned stores, including over 60 express stores (or Xpress stores). Fred’s is a combination of pharmacy, dollar store and mass merchant strategically located in smaller markets. It offers various product categories, including consumables, such as tobacco, food and beverage, prescription pharmaceuticals, paper and cleaning supplies, pet supplies, health and beauty aids, and discretionary products, such as home decor, seasonal merchandise, auto and hardware, and lawn and garden.

SEC Form 13G.

Nwq Investment Management Company website.

Analysts await Fred's, Inc. (NASDAQ:FRED) to report earnings on April, 5. They expect $-0.04 earnings per share, up 63.64 % or $0.07 from last year’s $-0.11 per share. After $-0.42 actual earnings per share reported by Fred's, Inc. for the previous quarter, Wall Street now forecasts -90.48 % EPS growth.

The stock decreased 2.33% or $0.07 during the last trading session, reaching $2.93. About 507,401 shares traded. Fred's, Inc. (NASDAQ:FRED) has risen 3.21% since February 14, 2017 and is uptrending. It has underperformed by 13.49% the S&P500.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $112.01 million. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It currently has negative earnings. It also sells general merchandise to franchised Fred's stores.

Fred's, Inc. (NASDAQ:FRED) Ratings Coverage

Among 6 analysts covering Fred’s (NASDAQ:FRED), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Fred’s has $16 highest and $6.0 lowest target. $9.25’s average target is 215.70% above currents $2.93 stock price. Fred’s had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by Loop Capital Markets on Thursday, August 24 with “Hold”. Deutsche Bank maintained Fred's, Inc. (NASDAQ:FRED) rating on Wednesday, August 31. Deutsche Bank has “Sell” rating and $10 target. Sidoti upgraded the stock to “Buy” rating in Tuesday, February 7 report. On Wednesday, August 31 the stock rating was downgraded by Stephens to “Underperform”. Sidoti downgraded Fred's, Inc. (NASDAQ:FRED) on Tuesday, December 20 to “Neutral” rating. Deutsche Bank maintained Fred's, Inc. (NASDAQ:FRED) rating on Thursday, June 29. Deutsche Bank has “Hold” rating and $8 target. The firm earned “Hold” rating on Wednesday, November 2 by Deutsche Bank. Stephens downgraded Fred's, Inc. (NASDAQ:FRED) on Friday, August 7 to “Overweight” rating. On Monday, October 16 the stock rating was maintained by SunTrust with “Hold”. Stephens downgraded the stock to “Equal Weight” rating in Monday, August 10 report.

More notable recent Fred's, Inc. (NASDAQ:FRED) news were published by: Bizjournals.com which released: “Fred’s names new CFO, its third in two years” on February 02, 2018, also Nasdaq.com with their article: “Fred’s (FRED) Sluggish Store Sales Keep Investors at Bay” published on January 18, 2018, Businesswire.com published: “Fred’s, Inc. Appoints Joseph Anto Chief Financial Officer” on February 01, 2018. More interesting news about Fred's, Inc. (NASDAQ:FRED) were released by: Streetinsider.com and their article: “Form 3 FREDS INC For: Jan 25 Filed by: Ladd Michael” published on January 30, 2018 as well as Bizjournals.com‘s news article titled: “Fred’s newest CFO will earn $500000 annually” with publication date: February 08, 2018.

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