Comerica Bank raised its position in Bloomin' Brands Inc (NASDAQ:BLMN) by 25.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 129,520 shares of the restaurant operator’s stock after purchasing an additional 26,022 shares during the period. Comerica Bank’s holdings in Bloomin' Brands were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Bloomin' Brands by 83.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,647 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 3,472 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Bloomin' Brands in the third quarter valued at approximately $153,000. Public Employees Retirement System of Ohio lifted its stake in Bloomin' Brands by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 9,333 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 539 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Bloomin' Brands in the third quarter valued at approximately $181,000. Finally, Meeder Asset Management Inc. lifted its stake in Bloomin' Brands by 317.0% in the third quarter. Meeder Asset Management Inc. now owns 10,608 shares of the restaurant operator’s stock valued at $187,000 after buying an additional 8,064 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.
In related news, Chairman Elizabeth A. Smith sold 375,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $20.79, for a total transaction of $7,796,250.00. Following the transaction, the chairman now owns 206,235 shares of the company’s stock, valued at $4,287,625.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Donagh Herlihy sold 9,081 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $20.93, for a total value of $190,065.33. The disclosure for this sale can be found here. Insiders have sold 428,678 shares of company stock worth $8,969,199 in the last ninety days. 7.04% of the stock is currently owned by corporate insiders.
Bloomin' Brands Inc (NASDAQ:BLMN) opened at $20.89 on Wednesday. Bloomin' Brands Inc has a twelve month low of $16.11 and a twelve month high of $22.96. The firm has a market capitalization of $1,897.49, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.54 and a beta of 0.50. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 31.17.
WARNING: “Comerica Bank Raises Holdings in Bloomin' Brands Inc (BLMN)” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.com-unik.info/2018/02/21/comerica-bank-raises-holdings-in-bloomin-brands-inc-blmn.html.
About Bloomin' Brands
Bloomin’ Brands, Inc is a holding company. The Company owns and operates casual, upscale casual and fine dining restaurants. The Company operates through two segments: U.S. and International. The U.S. segment includes all brands operating in the United States. The International segment includes brands operating outside the United States.
Want to see what other hedge funds are holding BLMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloomin' Brands Inc (NASDAQ:BLMN).
Receive News & Ratings for Bloomin' Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloomin' Brands and related companies with MarketBeat.com's FREE daily email newsletter.