Stage Stores (NYSE:SSI) Sees Strong Trading Volume

Stage Stores Inc (NYSE:SSI) saw unusually-strong trading volume on Thursday . Approximately 5,703,421 shares were traded during trading, an increase of 2,276% from the previous session’s volume of 240,023 shares.The stock last traded at $3.39 and had previously closed at $2.23.

Separately, ValuEngine cut shares of Stage Stores from a “hold” rating to a “sell” rating in a research note on Wednesday.

The company’s 50 day moving average price is $2.28 and its 200-day moving average price is $1.25. The company has a market capitalization of $62.08 million, a PE ratio of -1.58 and a beta of 1.39. The company has a current ratio of 1.84, a quick ratio of 0.24 and a debt-to-equity ratio of 3.32.

Stage Stores (NYSE:SSI) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter. Stage Stores had a negative net margin of 7.01% and a negative return on equity of 36.72%. The company had revenue of $381.85 million for the quarter. As a group, analysts predict that Stage Stores Inc will post -2.17 earnings per share for the current year.

In related news, EVP Russ Lundy II acquired 20,000 shares of the stock in a transaction dated Monday, September 30th. The stock was bought at an average cost of $1.88 per share, with a total value of $37,600.00. Following the purchase, the executive vice president now directly owns 85,770 shares of the company’s stock, valued at $161,247.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director M Kathleen Behrens acquired 62,500 shares of the stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of $16.00 per share, with a total value of $1,000,000.00. Insiders have bought a total of 312,000 shares of company stock valued at $1,264,805 over the last three months. Corporate insiders own 11.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Stage Stores by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after purchasing an additional 47,389 shares during the period. Crescent Grove Advisors LLC boosted its position in Stage Stores by 37.3% during the 3rd quarter. Crescent Grove Advisors LLC now owns 129,611 shares of the company’s stock worth $244,000 after purchasing an additional 35,211 shares during the period. Paradigm Capital Management Inc. NY boosted its position in Stage Stores by 0.6% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock worth $1,845,000 after purchasing an additional 15,000 shares during the period. Finally, Simplex Trading LLC purchased a new stake in Stage Stores during the 3rd quarter worth $27,000. 42.47% of the stock is owned by institutional investors.

About Stage Stores (NYSE:SSI)

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

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