Empowered Funds LLC Boosts Stock Position in Lifetime Brands, Inc. (NASDAQ:LCUT)

Empowered Funds LLC raised its holdings in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,073 shares of the company’s stock after purchasing an additional 4,980 shares during the quarter. Empowered Funds LLC owned 0.46% of Lifetime Brands worth $597,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after purchasing an additional 5,302 shares during the period. Jane Street Group LLC purchased a new stake in shares of Lifetime Brands in the 3rd quarter worth $67,000. Geode Capital Management LLC grew its position in shares of Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after buying an additional 11,118 shares in the last quarter. SageView Advisory Group LLC increased its stake in shares of Lifetime Brands by 89.3% during the third quarter. SageView Advisory Group LLC now owns 24,421 shares of the company’s stock valued at $160,000 after buying an additional 11,521 shares during the period. Finally, Royce & Associates LP increased its stake in shares of Lifetime Brands by 9.7% during the third quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock valued at $856,000 after buying an additional 11,547 shares during the period. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Price Performance

Shares of LCUT stock opened at $5.15 on Wednesday. The company has a market cap of $114.11 million, a P/E ratio of -5.20, a PEG ratio of 0.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The stock’s 50-day moving average is $5.81 and its 200 day moving average is $6.22. Lifetime Brands, Inc. has a 1-year low of $4.86 and a 1-year high of $11.68.

Analysts Set New Price Targets

Several brokerages have issued reports on LCUT. DA Davidson cut shares of Lifetime Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $11.50 to $6.75 in a report on Monday, February 3rd. StockNews.com downgraded shares of Lifetime Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Lifetime Brands Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.