In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Sears Holdings Corp (NASDAQ:SHLD) reported that Esl Partners, L.p. has picked up 63,273,578 of common stock as of 2017-05-24.
The acquisition brings the aggregate amount owned by Esl Partners, L.p. to a total of 63,273,578 representing less than 56.5% stake in the company.
For those not familiar with the company, Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services. The Company is the home appliance retailer, as well as offers tools, lawn and garden, fitness equipment, automotive repair and maintenance. Its brands include Kenmore, Craftsman and DieHard. It also maintains a range of apparel and home offering, including labels, such as Jaclyn Smith, Joe Boxer, Route 66, Cannon, Ty Pennington Style and Levi’s and also offers Lands’ End merchandise in some of its Full-line stores. As of January 28, 2017, it is also a provider of home services, with over four million service and installation calls made annually. As of January 28, 2017, it operated a network of stores with 1,430 full-line and specialty retail stores.
A glance at Sears Holdings Corp (NASDAQ:SHLD)’s key stats reveals a current market capitalization of 793.28 Million based on 107.15 Million shares outstanding and a price at last close of $7.47 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-27, Fairholme picked up 7,700 at a purchase price of $8.46. This brings their total holding to 28,843,748 as of the date of the filing.
On the sell side, the most recent transaction saw Fairholme unload 8,700 shares at a sale price of $9.43. This brings their total holding to 27,644,648.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Sears Holdings Corp (NASDAQ:SHLD) as things move forward to see if its progress aligns with these transactions.
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