a.k.a. Brands Holding Corp. (NYSE:AKA) Position Cut by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA) by 18.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,947 shares of the company’s stock after selling 3,153 shares during the quarter. Geode Capital Management LLC owned about 0.13% of a.k.a. Brands worth $329,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC boosted its stake in a.k.a. Brands by 11.4% during the 2nd quarter. Renaissance Technologies LLC now owns 30,369 shares of the company’s stock valued at $463,000 after purchasing an additional 3,100 shares in the last quarter. 55.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on AKA. Lake Street Capital began coverage on a.k.a. Brands in a research note on Monday, December 16th. They set a “buy” rating and a $30.00 price target for the company. Telsey Advisory Group increased their price objective on a.k.a. Brands from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, November 8th.

a.k.a. Brands Price Performance

Shares of NYSE:AKA opened at $16.75 on Monday. The stock has a fifty day moving average of $20.48 and a 200-day moving average of $20.63. The company has a market capitalization of $178.22 million, a PE ratio of -5.80 and a beta of 1.40. a.k.a. Brands Holding Corp. has a one year low of $7.22 and a one year high of $33.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58.

a.k.a. Brands Profile

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.