Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $949,000 Position in Netshoes Cayman (NETS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Netshoes Cayman (NYSE:NETS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 72,163 shares of the company’s stock, valued at approximately $949,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.23% of Netshoes Cayman as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NETS. Tiger Global Management LLC purchased a new stake in Netshoes Cayman during the second quarter valued at approximately $168,718,000. Janus Henderson Group PLC purchased a new stake in Netshoes Cayman during the second quarter valued at approximately $5,492,000. Wasatch Advisors Inc. purchased a new stake in Netshoes Cayman during the second quarter valued at approximately $750,000. OxFORD Asset Management LLP purchased a new stake in Netshoes Cayman during the second quarter valued at approximately $2,268,000. Finally, Laurion Capital Management LP purchased a new stake in Netshoes Cayman during the second quarter valued at approximately $1,142,000. 61.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Netshoes Cayman (NYSE:NETS) traded down $0.24 during midday trading on Thursday, hitting $5.82. 675,600 shares of the stock were exchanged, compared to its average volume of 156,039. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.89. Netshoes Cayman has a 1 year low of $5.68 and a 1 year high of $26.96.

NETS has been the subject of a number of research reports. Zacks Investment Research raised shares of Netshoes Cayman from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group cut shares of Netshoes Cayman from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $21.90.

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About Netshoes Cayman

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

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Institutional Ownership by Quarter for Netshoes Cayman (NYSE:NETS)

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