Freds Inc (NASDAQ:FRED) Move as Institutional Investors’ Sentiment Falls

April 18, 2018 - By Adrian Mccoy

Fred's, Inc. (NASDAQ:FRED) Logo

Sentiment for Freds Inc (NASDAQ:FRED)

Freds Inc (NASDAQ:FRED) institutional sentiment decreased to 0.78 in Q4 2017. Its down -0.78, from 1.56 in 2017Q3. The ratio worsened, as 47 institutional investors increased and opened new positions, while 60 cut down and sold holdings in Freds Inc. The institutional investors in our partner’s database now hold: 30.95 million shares, down from 34.64 million shares in 2017Q3. Also, the number of institutional investors holding Freds Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 41 Increased: 32 New Position: 15.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $113.54 million. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It currently has negative earnings. It also sells general merchandise to franchised Fred's stores.

The stock decreased 8.33% or $0.27 during the last trading session, reaching $2.97. About 1.08 million shares traded or 13.76% up from the average. Fred's, Inc. (NASDAQ:FRED) has declined 79.84% since April 18, 2017 and is downtrending. It has underperformed by 91.39% the S&P500.

Frontfour Capital Group Llc holds 0.42% of its portfolio in Fred's, Inc. for 387,261 shares. Nwq Investment Management Company Llc owns 3.39 million shares or 0.18% of their US portfolio. Moreover, Kessler Investment Group Llc has 0.15% invested in the company for 29,762 shares. The Switzerland-based Gam Holding Ag has invested 0.14% in the stock. Symons Capital Management Inc, a Pennsylvania-based fund reported 97,707 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 0 sales for $334,900 activity.

Fred's, Inc. (NASDAQ:FRED) Institutional Positions Chart

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