13GD Ownership Change: Trans World Entertainment Corp Has Another Bullish Trade, Miller Lloyd I Iii Bought Stake!

13GD Ownership Change: Trans World Entertainment Corp Has Another Bullish Trade, Miller Lloyd I Iii Bought Stake!

The New Miller Lloyd I Iii Holding in Trans World Entertainment Corp

Miller Lloyd I Iii filed with the SEC SC 13D/A form for Trans World Entertainment Corp. The form can be accessed here: 000114420416130131. As reported in Miller Lloyd I Iii’s form, the filler as of late owns 19.6% or 6,748,292 shares of the Consumer Discretionary–company.

Trans World Entertainment Corp stake is a new one for the and it was filed because of activity on October 18, 2016. We feel this shows Miller Lloyd I Iii’s positive view for the stock.

Trans World Entertainment Corp Institutional Sentiment

Latest Security and Exchange filings show 26 investors own Trans World Entertainment Corp. The institutional ownership in Q3 2015 is low, at 21.60% of the outstanding shares. This is decreased by 255424 the total institutional shares. 6556327 were the shares owned by these institutional investors. In total 3 funds opened new Trans World Entertainment Corp stakes, 7 increased stakes. There were 1 that closed positions and 5 reduced them.

Acadian Asset Management Llc is an institutional investor bullish on Trans World Entertainment Corp, owning 116591 shares as of Q3 2015 for less than 0.01% of its portfolio. Grt Capital Partners Llc owns 43745 shares or 0.04% of its portfolio. CT Yakira Capital Management Inc have 0.02% of their stock portfolio for 10400 shares. Further, Denali Advisors Llc reported stake worth less than 0.01% of its US stock portfolio. The CT Nantahala Capital Management Llc owns 2222966 shares. Trans World Entertainment Corp is 1.14% of the manager’s US portfolio.

Business Profile

Trans World Entertainment Corporation is a specialty retailer of entertainment products, including trend, video, music, electronics and related products. The Company operates a chain of retail entertainment stores and e-commerce sites, www.fye.com and www.secondspin.com. It owns interest in Record Town, Inc., through which its principal operations are conducted. It operates over 270 mall-based stores under the For Your Entertainment (f.y.e.) brand, including f.y.e. stores and video only stores. The Company operates over 260 mall-based f.y.e. stores, which carry entertainment products, including video, music, trend, electronics, video games and related products. It operates over nine video-only stores under the Suncoast Motion Pictures brand, which specialize in the sale of video and related product. It operates approximately 30 freestanding stores under the f.y.e. brand, which carries entertainment products, including video, music, trend, electronics, video games and related products.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.3 in 2016 Q2. Its down 0.12, from 0.42 in 2016Q1. The ratio dived, as 2 funds sold all Trans World Entertainment Corporation shares owned while 8 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 6.14 million shares or 5.12% less from 6.47 million shares in 2016Q1.

Jpmorgan Chase And Co has 0% invested in the company for 221 shares. Royal Retail Bank Of Canada holds 0% of its portfolio in Trans World Entertainment Corporation (NASDAQ:TWMC) for 65,200 shares. Moreover, Nationwide Fund Advsr has 0% invested in Trans World Entertainment Corporation (NASDAQ:TWMC) for 2,150 shares. Vanguard Grp Inc last reported 207,124 shares in the company. Moreover, Blackrock Inv Mgmt Ltd has 0% invested in Trans World Entertainment Corporation (NASDAQ:TWMC) for 1,507 shares. State Bank Of America De holds 0% or 95 shares in its portfolio. Blackrock Fund Advsrs last reported 0% of its portfolio in the stock. California Public Employees Retirement System holds 0% or 21,974 shares in its portfolio. Moreover, Invesco Ltd has 0% invested in Trans World Entertainment Corporation (NASDAQ:TWMC) for 13,820 shares. Morgan Stanley has invested 0% of its portfolio in Trans World Entertainment Corporation (NASDAQ:TWMC). Denali Advsr Ltd Liability last reported 500 shares in the company. Moreover, Citigroup has 0% invested in Trans World Entertainment Corporation (NASDAQ:TWMC) for 4,292 shares. Bridgeway Capital Mngmt last reported 0.01% of its portfolio in the stock. The New York-based State Bank Of New York Mellon has invested 0% in Trans World Entertainment Corporation (NASDAQ:TWMC). Renaissance Tech Lc reported 604,200 shares or 0% of all its holdings.

Insider Transactions: Since July 12, 2016, the stock had 7 insider buys, and 0 selling transactions for $53,506 net activity. Shares for $1,415 were bought by MILLER LLOYD I III on Wednesday, September 28.

About 2,829 shares traded hands. Trans World Entertainment Corporation (NASDAQ:TWMC) has risen 3.49% since March 28, 2016 and is uptrending. It has underperformed by 1.22% the S&P500.

Trans World Entertainment Corporation is a specialty retailer of entertainment products, including trend, video, music, electronics and related products. The company has a market cap of $119.91 million. The Firm operates a chain of retail entertainment stores and e-commerce sites, www.fye.com and www.secondspin.com. It has a 215.82 P/E ratio. It owns interest in Record Town, Inc., through which its principal activities are conducted.

More notable recent Trans World Entertainment Corporation (NASDAQ:TWMC) news were published by: Globenewswire.com which released: “Trans World Entertainment Corporation Announces the Purchase of etailz, Inc …” on October 17, 2016, also Prnewswire.com with their article: “Trans World Entertainment Names Scott Hoffman as Chief Merchandising Officer” published on June 16, 2015, Bizjournals.com published: “$75 million deal gives retailer FYE a digital marketplace partner” on October 18, 2016. More interesting news about Trans World Entertainment Corporation (NASDAQ:TWMC) were released by: Valuewalk.com and their article: “Trans World Entertainment Corporation: Sneaky Turnaround Play?” published on January 31, 2014 as well as Seekingalpha.com‘s news article titled: “Trans World Entertainment’s (TWMC) CEO Mike Feurer on Q2 2016 Results …” with publication date: August 18, 2016.

According to Zacks Investment Research, “Trans World Entertainment Corp. operates a chain of retail entertainment stores and an e-commerce site in a single industry segment. The company is one of the largest specialty retailers of compact discs, prerecorded audio cassettes, prerecorded videocassettes, digital versatile discs and related accessories in the United States. The company has a number of distinct store concepts to take advantage of real estate opportunities and to satisfy varying consumer demands.”

TWMC Company Profile

Trans World Entertainment Corporation, incorporated on February 7, 1972, is a specialty retailer of entertainment products, including trend, video, music, electronics and related products in the United States. The Firm operates a chain of retail entertainment stores and e-commerce sites, www.fye.com and www.secondspin.com. The Firm owns interest in Record Town, Inc., through which its principal activities are conducted. The Firm operates approximately 300 stores totaling over 1.7 million square feet in the United States, the District of Columbia and the United States Virgin Islands. The Company’s stores offer a range of new and used compact discs (CDs), music video discs (DVDs) and vinyl across music genres, including new releases from various artists, as well as a catalog of music from past periods and artists. The Company’s stores offer a selection of trend products that relate to theatrical releases, music and gaming. The Company’s stores offer a selection of portable electronics and accessories.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment