Filings Flow: Why Sports Direct International Plc Reported Big Iconix Brand Group, Inc Position?

Filings Flow: Why Sports Direct International Plc Reported Big Iconix Brand Group, Inc Position?

The New Sports Direct International Plc Holding in Iconix Brand Group, Inc

Sports Direct International Plc filed with the SEC SC 13D/A form for Iconix Brand Group, Inc. The form can be accessed here: 000157104916019919. As reported in Sports Direct International Plc’s form, the filler as of late owns 10.5% or 5,900,000 shares of the Consumer Discretionary–company.

Iconix Brand Group, Inc stake is a new one for the and it was filed because of activity on November 11, 2016. We feel this shows Sports Direct International Plc’s positive view for the stock.

Iconix Brand Group, Inc Institutional Sentiment

Latest Security and Exchange filings show 160 investors own Iconix Brand Group, Inc. The institutional ownership in Q3 2015 is high, at 111.98% of the outstanding shares. This is increased by 4484715 the total institutional shares. 62852818 were the shares owned by these institutional investors. In total 28 funds opened new Iconix Brand Group, Inc stakes, 49 increased stakes. There were 68 that closed positions and 68 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Permit Capital Llc, Smithwood Advisers L.P…

Irving Magee Investment Management is an institutional investor bullish on Iconix Brand Group, Inc, owning 268833 shares as of Q3 2015 for 1.89% of its portfolio. Cibc World Markets Corp owns 11352 shares or less than 0.01% of its portfolio. CA Huber Capital Management Llc have 2.63% of their stock portfolio for 5572666 shares. Further, Prentice Capital Management Lp reported stake worth 1.48% of its US stock portfolio. The ME Aristotle Fund Lp owns 1695000 shares. Iconix Brand Group, Inc is 29.15% of the manager’s US portfolio.

Business Profile

Iconix Brand Group, Inc. is a brand management company. The Company owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment and corporate. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands. It operates in various geographic regions, including the United States, Japan and Other (which principally represent Latin America and Europe).

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 1.29 in 2016 Q2. Its up 0.28, from 1.01 in 2016Q1. The ratio improved, as 18 funds sold all Iconix Brand Group Inc shares owned while 40 reduced positions. 20 funds bought stakes while 55 increased positions. They now own 44.23 million shares or 3.08% more from 42.91 million shares in 2016Q1.

Capstone Asset Mngmt has 0.01% invested in the company for 39,709 shares. Strs Ohio last reported 54,600 shares in the company. Moreover, Nomura has 0% invested in Iconix Brand Group Inc (NASDAQ:ICON) for 27,273 shares. The British Columbia – Canada-based Pacad Invest Limited has invested 0.03% in Iconix Brand Group Inc (NASDAQ:ICON). Gsa Capital Ptnrs Llp accumulated 0.01% or 27,379 shares. Cna holds 0.13% or 79,787 shares in its portfolio. Citadel Limited Com reported 167,171 shares or 0% of all its holdings. Wells Fargo & Mn has invested 0% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON). Vanguard Gp Inc Inc holds 0% or 3.66M shares in its portfolio. The Switzerland-based Swiss Natl Bank has invested 0% in Iconix Brand Group Inc (NASDAQ:ICON). Jacobs Levy Equity holds 0.04% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON) for 271,713 shares. Jpmorgan Chase & Company has invested 0% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON). Aperio Grp Inc Limited Liability Corporation owns 15,488 shares or 0% of their US portfolio. Zazove Assoc holds 0.04% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON) for 112,096 shares. Solaris Asset Llc accumulated 35,823 shares or 0.17% of the stock.

About 729,191 shares traded hands or 4.12% up from the average. Iconix Brand Group Inc (NASDAQ:ICON) has risen 18.57% since April 13, 2016 and is uptrending. It has outperformed by 14.65% the S&P500.

Iconix Brand Group, Inc. is a brand management company. The company has a market cap of $546.79 million. The Firm owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. It currently has negative earnings. The Firm operates through five divisions: men’s, women’s, home, entertainment and corporate.

Iconix Brand Group Inc (NASDAQ:ICON) Ratings Coverage

Out of 6 analysts covering Iconix Brand Group (NASDAQ:ICON), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $25 is the highest target while $7 is the lowest. The $13.40 average target is 39.58% above today’s ($9.6) stock price. Iconix Brand Group has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Guggenheim on Friday, September 30 with “Neutral”. The stock has “Hold” rating given by Brean Capital on Friday, November 6. The stock has “Buy” rating given by Roth Capital on Wednesday, November 11. Wunderlich maintained Iconix Brand Group Inc (NASDAQ:ICON) on Friday, November 6 with “Hold” rating. The rating was upgraded by Monness Crespi & Hardt to “Buy” on Wednesday, August 12. TH Capital maintained the stock with “Buy” rating in Wednesday, November 11 report. On Friday, August 7 the stock rating was downgraded by Nomura to “”. Brean Capital maintained the stock with “Buy” rating in Friday, August 7 report. The stock of Iconix Brand Group Inc (NASDAQ:ICON) earned “Hold” rating by Wunderlich on Friday, August 7. The firm earned “Neutral” rating on Friday, November 6 by Monness Crespi & Hardt.

More notable recent Iconix Brand Group Inc (NASDAQ:ICON) news were published by: Fool.com which released: “Why Iconix Brand Group Inc Stock Tumbled Today” on November 08, 2016, also Fool.com with their article: “Why Iconix Brand Group, Inc. Lost Half Its Value in November” published on December 06, 2015, Fool.com published: “Why Iconix Brand Group Inc. Shares Tumbled Today” on March 29, 2016. More interesting news about Iconix Brand Group Inc (NASDAQ:ICON) were released by: Prnewswire.com and their article: “Iconix Brand Group Announces its Conclusions Related to SEC Comment Letter …” published on February 18, 2016 as well as Fool.com‘s news article titled: “Why Iconix Brand Group Inc Stock Soared Today” with publication date: March 07, 2016.

According to Zacks Investment Research, “Iconix Brand Group, Inc. is in the business of licensing the CANDIE’S, BONGO, BADGLEY MISCHKA and JOE BOXER trademarks on a variety of footwear, apparel and fashion products. Through its wholly owned subsidiary, Brightstar Footwear, Inc., the Company also arranges for the manufacture of footwear products for mass market and discount retailers under the private label brand of the retailer.”

ICON Company Profile

Iconix Brand Group, Inc., incorporated on June 17, 2005, is a brand management company. The Firm owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. The Firm operates through five divisions: men’s, women’s, home, entertainment and corporate. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands. It operates in various geographic regions, including the United States, Japan and Other (which principally represent Latin America and Europe).

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