Freds Inc Sentiment Increases on Better Stock Potential

June 14, 2018 - By Marry Poplack

Fred's, Inc. (NASDAQ:FRED) Logo

Sentiment for Freds Inc (NASDAQ:FRED)

Freds Inc (NASDAQ:FRED) institutional sentiment increased to 0.8 in Q1 2018. Its up 0.02, from 0.78 in 2017Q4. The ratio has improved, as 40 active investment managers increased and started new positions, while 50 decreased and sold stakes in Freds Inc. The active investment managers in our partner’s database now hold: 28.82 million shares, down from 30.95 million shares in 2017Q4. Also, the number of active investment managers holding Freds Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 31 Increased: 32 New Position: 8.

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 $60.51 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.

The stock decreased 7.21% or $0.13 during the last trading session, reaching $1.62. About 1.37 million shares traded. Fred's, Inc. (NASDAQ:FRED) has declined 88.06% since June 14, 2017 and is downtrending. It has underperformed by 100.63% the S&P500.

Frontfour Capital Group Llc holds 0.25% of its portfolio in Fred's, Inc. for 411,467 shares. Nwq Investment Management Company Llc owns 2.98 million shares or 0.14% of their US portfolio. Moreover, Gam Holding Ag has 0.12% invested in the company for 1.13 million shares. The Indiana-based Kessler Investment Group Llc has invested 0.11% in the stock. Symons Capital Management Inc, a Pennsylvania-based fund reported 99,770 shares.

More notable recent Fred's, Inc. (NASDAQ:FRED) news were published by: Nasdaq.com which released: “Fred’s, Inc. Announces Appointment of Dana Goldsmith Needleman and Thomas Zacharias to its Board of Directors” on May 22, 2018, also Benzinga.com with their article: “Earnings Scheduled For June 14, 2018” published on June 14, 2018, Seekingalpha.com published: “Fred’s, Inc. (FRED) CEO Joe Anto on Q1 2018 Results – Earnings Call Transcript” on June 14, 2018. More interesting news about Fred's, Inc. (NASDAQ:FRED) were released by: Streetinsider.com and their article: “Fred’s (FRED) Reports Q4 Loss of 54c Per Share” published on June 14, 2018 as well as Nasdaq.com‘s news article titled: “Fred’s Reports First Quarter 2018 Results” with publication date: June 14, 2018.

Fred's, Inc. (NASDAQ:FRED) Institutional Positions Chart

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