InterOcean Capital LLC purchased a new stake in Overstock.com Inc (NASDAQ:OSTK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,650 shares of the company’s stock, valued at approximately $212,000.
Several other institutional investors and hedge funds have also bought and sold shares of OSTK. BlackRock Inc. raised its holdings in Overstock.com by 40.1% during the second quarter. BlackRock Inc. now owns 1,543,190 shares of the company’s stock worth $51,928,000 after purchasing an additional 442,091 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Overstock.com by 429.1% in the second quarter. Millennium Management LLC now owns 470,244 shares of the company’s stock worth $15,824,000 after acquiring an additional 381,369 shares during the last quarter. North Fourth Asset Management LP acquired a new position in shares of Overstock.com in the third quarter worth $6,310,000. CSat Investment Advisory L.P. acquired a new position in shares of Overstock.com in the second quarter worth $6,802,000. Finally, Seven Eight Capital LP acquired a new position in shares of Overstock.com in the third quarter worth $4,088,000. 61.20% of the stock is owned by institutional investors and hedge funds.
OSTK has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Overstock.com from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. BidaskClub downgraded Overstock.com from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Maxim Group began coverage on Overstock.com in a research report on Monday, September 10th. They issued a “buy” rating and a $75.00 price objective for the company. DA Davidson downgraded Overstock.com to a “buy” rating and set a $58.00 price target for the company. in a research report on Tuesday, December 18th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Overstock.com from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Overstock.com currently has a consensus rating of “Hold” and a consensus target price of $57.00.
Shares of NASDAQ:OSTK traded up $1.31 during trading on Wednesday, hitting $15.04. The company’s stock had a trading volume of 1,613,169 shares, compared to its average volume of 2,338,003. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.01 and a current ratio of 1.09. Overstock.com Inc has a fifty-two week low of $12.33 and a fifty-two week high of $89.80. The stock has a market cap of $441.36 million, a price-to-earnings ratio of -8.31 and a beta of 1.78.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Thursday, November 8th. The company reported ($1.55) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by ($0.69). Overstock.com had a negative return on equity of 105.90% and a negative net margin of 14.21%. The business had revenue of $440.60 million during the quarter, compared to analyst estimates of $443.13 million. During the same quarter last year, the firm posted ($0.03) EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Overstock.com Inc will post -6.19 EPS for the current year.
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Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; artisan-crafted products; and other products.
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