Iconix Brand Group (ICON) Trading 6.7% Higher

Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) traded up 6.7% on Wednesday . The company traded as high as $0.17 and last traded at $0.16. 2,221,271 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 1,716,275 shares. The stock had previously closed at $0.15.

The company has a market cap of $11.14 million, a price-to-earnings ratio of 0.54 and a beta of 1.14.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Friday, November 9th. The brand management company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Iconix Brand Group had a negative net margin of 1.22% and a negative return on equity of 31.50%. The business had revenue of $46.22 million during the quarter.

In other Iconix Brand Group news, Chairman F Peter Cuneo sold 179,992 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $0.26, for a total value of $46,797.92. Following the sale, the chairman now directly owns 329,949 shares in the company, valued at $85,786.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of ICON. Renaissance Technologies LLC grew its holdings in shares of Iconix Brand Group by 1,020.2% during the third quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock worth $208,000 after purchasing an additional 612,121 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Iconix Brand Group during the second quarter worth about $147,000. Paloma Partners Management Co grew its holdings in shares of Iconix Brand Group by 610.7% during the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock worth $142,000 after buying an additional 209,581 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of Iconix Brand Group by 22.2% during the second quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock worth $631,000 after buying an additional 196,793 shares during the last quarter. 26.58% of the stock is currently owned by institutional investors.

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Iconix Brand Group Company Profile (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. 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, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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