GSA Capital Partners LLP Invests $248,000 in Savers Value Village, Inc. (NYSE:SVV)

GSA Capital Partners LLP purchased a new stake in Savers Value Village, Inc. (NYSE:SVV) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,578 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in shares of Savers Value Village by 6.7% during the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock worth $335,000 after purchasing an additional 1,749 shares during the period. Sei Investments Co. grew its position in Savers Value Village by 8.9% during the second quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock worth $719,000 after buying an additional 4,808 shares in the last quarter. nVerses Capital LLC bought a new position in Savers Value Village during the 2nd quarter worth $62,000. Mount Yale Investment Advisors LLC acquired a new position in Savers Value Village in the 1st quarter valued at $193,000. Finally, TD Asset Management Inc lifted its position in shares of Savers Value Village by 26.8% during the 2nd quarter. TD Asset Management Inc now owns 52,056 shares of the company’s stock valued at $637,000 after acquiring an additional 11,000 shares during the period. 98.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SVV. Piper Sandler restated a “neutral” rating and issued a $10.00 price target (down previously from $11.00) on shares of Savers Value Village in a research report on Friday, November 8th. Robert W. Baird dropped their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group downgraded shares of Savers Value Village from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Finally, Loop Capital lowered their price objective on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Insider Buying and Selling at Savers Value Village

In other news, COO Jubran N. Tanious sold 7,889 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total transaction of $81,335.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.38% of the company’s stock.

Savers Value Village Trading Up 5.4 %

SVV opened at $9.13 on Friday. The company has a market cap of $1.46 billion, a P/E ratio of 19.85 and a beta of 1.59. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The company’s 50 day moving average is $10.07 and its 200-day moving average is $10.91. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33.

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.