Xcel Brands (NASDAQ:XELB) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Xcel Brands (NASDAQ:XELBGet Rating) in a report released on Tuesday. The firm set a “sell” rating on the textile maker’s stock.

NASDAQ XELB opened at $1.54 on Tuesday. Xcel Brands has a one year low of $0.95 and a one year high of $3.25. The stock has a 50-day moving average of $1.37 and a 200 day moving average of $1.32. The company has a market capitalization of $30.12 million, a price-to-earnings ratio of -2.48 and a beta of 1.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.34 and a current ratio of 1.61.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Veritable L.P. increased its holdings in Xcel Brands by 156.3% in the 3rd quarter. Veritable L.P. now owns 38,444 shares of the textile maker’s stock worth $57,000 after buying an additional 23,444 shares in the last quarter. Citadel Advisors LLC increased its holdings in Xcel Brands by 201.9% in the 3rd quarter. Citadel Advisors LLC now owns 43,175 shares of the textile maker’s stock worth $64,000 after buying an additional 28,872 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Xcel Brands by 23.0% during the 4th quarter. Renaissance Technologies LLC now owns 66,200 shares of the textile maker’s stock valued at $72,000 after purchasing an additional 12,400 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of Xcel Brands during the 4th quarter valued at about $442,000. Finally, Summit Trail Advisors LLC grew its stake in shares of Xcel Brands by 322.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 1,447,241 shares of the textile maker’s stock valued at $2,156,000 after purchasing an additional 1,105,005 shares during the period. Institutional investors own 13.10% of the company’s stock.

About Xcel Brands (Get Rating)

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the Halston Brand, the, the C Wonder, the Lori Goldstein, and other brands.

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