Filing To Observe: Learn Why Alden Global Capital Llc Just Purchased Pier 1 Imports IncDe Stake?

Filing To Observe: Learn Why Alden Global Capital Llc Just Purchased Pier 1 Imports IncDe Stake?

The New Alden Global Capital Llc Holding in Pier 1 Imports IncDe

Alden Global Capital Llc filed with the SEC SC 13D/A form for Pier 1 Imports IncDe. The form can be accessed here: 000092189516006091. As reported in Alden Global Capital Llc’s form, the filler as of late owns 9.5% or 7,913,500 shares of the Consumer Discretionary–company.

Pier 1 Imports IncDe stake is a new one for the and it was filed because of activity on November 10, 2016. We feel this shows Alden Global Capital Llc’s positive view for the stock.

Pier 1 Imports IncDe Institutional Sentiment

Latest Security and Exchange filings show 169 investors own Pier 1 Imports IncDe. The institutional ownership in Q3 2015 is high, at 97.42% of the outstanding shares. This is decreased by 5745083 the total institutional shares. 80949147 were the shares owned by these institutional investors. In total 29 funds opened new Pier 1 Imports IncDe stakes, 61 increased stakes. There were 39 that closed positions and 61 reduced them.

True Bearing Asset Management Lp is an institutional investor bullish on Pier 1 Imports IncDe, owning 133147 shares as of Q3 2015 for 1.56% of its portfolio. Kestrel Investment Management Corp owns 447000 shares or 1.07% of its portfolio. CT Westport Asset Management Inc have 0.96% of their stock portfolio for 159425 shares. Further, Dynamic Capital Management Ltd reported stake worth 0.63% of its US stock portfolio. The VA Vnbtrust National Association owns 420850 shares. Pier 1 Imports IncDe is 1.65% of the manager’s US portfolio.

Business Profile

Pier 1 Imports, Inc. is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture. The decorative accessories category includes decorative accents and textiles, such as rugs, wall decorations and mirrors, candles, fragrance, gifts and seasonal items. The furniture category includes furniture and furniture cushions to be used in living, dining, office, sunrooms and patios. This merchandise group is generally made of metal or handcrafted natural materials, including rattan, pine, acacia, oak and other woods with either natural, stained, painted or upholstered finishes.

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 increased to 1.39 in Q2 2016. Its up 0.54, from 0.85 in 2016Q1. The ratio increased, as 18 funds sold all Pier 1 Imports Inc shares owned while 53 reduced positions. 45 funds bought stakes while 54 increased positions. They now own 80.87 million shares or 10.40% more from 73.25 million shares in 2016Q1.

Nomura Hldg Inc has 0% invested in the company for 14,200 shares. Cornerstone Mngmt Holdg Lc has 0.01% invested in the company for 278,700 shares. Advisory Svcs Ntwk Limited Liability holds 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR) for 426 shares. Jane Street Lc, a New York-based fund reported 12,988 shares. Barclays Public Lc accumulated 0% or 8,669 shares. Nationwide Fund Advsrs has 308,678 shares for 0.01% of their US portfolio. Moreover, Renaissance Techs Lc has 0.02% invested in Pier 1 Imports Inc (NYSE:PIR) for 2.49 million shares. Blackrock has 0% invested in the company for 33,739 shares. State Street accumulated 0% or 1.76 million shares. Moreover, One Trading Limited Partnership has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 5,289 shares. Alliancebernstein L P accumulated 0% or 204,456 shares. Pacific Ridge Cap Ltd Liability accumulated 73,380 shares or 0.17% of the stock. Ig Invest Management Limited accumulated 94,863 shares or 0% of the stock. State Of New Jersey Common Pension Fund D accumulated 0% or 180,000 shares. Cwm Ltd Llc last reported 614 shares in the company.

About 2.55 million shares traded hands or 4.94% up from the average. Pier 1 Imports Inc (NYSE:PIR) has declined 23.69% since April 8, 2016 and is downtrending. It has underperformed by 29.34% the S&P500.

Pier 1 Imports, Inc. is an importer of home decor and furniture. The company has a market cap of $444.40 million. The Company’s activities consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. It has a 21.63 P/E ratio. The Company’s categories of merchandise include decorative accessories and furniture.

Pier 1 Imports Inc (NYSE:PIR) Ratings Coverage

Out of 17 analysts covering Pier 1 Imports (NYSE:PIR), 4 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 24% are positive. $15.0 is the highest target while $3.50 is the lowest. The $8.68 average target is 72.22% above today’s ($5.04) stock price. Pier 1 Imports has been the topic of 28 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Jefferies initiated the stock with “Hold” rating in Thursday, October 8 report. Telsey Advisory Group maintained Pier 1 Imports Inc (NYSE:PIR) rating on Thursday, September 29. Telsey Advisory Group has “Market Perform” rating and $5 price target. UBS initiated the stock with “Sell” rating in Monday, November 9 report. The rating was maintained by Credit Agricole on Friday, September 25 with “Outperform”. As per Friday, September 25, the company rating was maintained by Oppenheimer. The rating was upgraded by Wolfe Research to “Peer Perform” on Thursday, June 23. Wedbush maintained Pier 1 Imports Inc (NYSE:PIR) on Monday, September 21 with “Neutral” rating. Deutsche Bank maintained it with “Hold” rating and $8 target price in Friday, September 25 report. Credit Suisse downgraded the shares of PIR in a report on Friday, December 11 to “Neutral” rating. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Buy” rating by Topeka Capital Markets on Tuesday, May 24.

More news for Pier 1 Imports Inc (NYSE:PIR) were recently published by: Nasdaq.com, which released: “Pier 1 Imports, Inc. (PIR) Ex-Dividend Date Scheduled for October 17, 2016” on October 14, 2016. Moodys.com‘s article titled: “Moody’s Affirms Pier 1’s B1 CFR; Outlook Changed to Stable” and published on October 11, 2016 is yet another important article.

According to Zacks Investment Research, “Pier 1 Imports, Inc. consists of a chain of retail stores operating under the names Pier 1 Imports and The Pier, selling a wide variety of furniture, decorative home furnishings, dining and kitchen goods, accessories and other specialty items for the home. Additionally, the company, through certain subsidiaries, operates stores in the United Kingdom under the name The Pier. The company supplies merchandise and licenses the Pier 1 name to Sears Mexico and Sears Puerto Rico.”

PIR Company Profile

Pier 1 Imports, Inc., incorporated on April 30, 1986, is an importer of home decor and furniture. The Company’s activities consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Firm operates approximately 950 stores in the United States, over 80 stores in Canada and an e-commerce Website, Pier1.com. The Company’s stores in the United States and Canada average approximately 9,900 gross square feet, which includes an average of approximately 7,900 square feet of retail selling space. The stores are located in freestanding units near shopping centers or malls and in-line positions in shopping centers. It operates in all the United States and Canadian metropolitan areas, and in primary smaller markets.

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