Verition Fund Management LLC decreased its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII – Get Rating) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,137 shares of the textile maker’s stock after selling 3,520 shares during the quarter. Verition Fund Management LLC’s holdings in G-III Apparel Group were worth $181,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of GIII. Raymond James & Associates bought a new position in G-III Apparel Group in the 1st quarter valued at $2,199,000. HighTower Advisors LLC bought a new position in G-III Apparel Group in the 1st quarter valued at $712,000. Citigroup Inc. raised its position in G-III Apparel Group by 4.6% in the 1st quarter. Citigroup Inc. now owns 43,549 shares of the textile maker’s stock valued at $1,178,000 after purchasing an additional 1,930 shares during the last quarter. Natixis Advisors L.P. bought a new position in G-III Apparel Group in the 1st quarter valued at $298,000. Finally, MetLife Investment Management LLC raised its position in G-III Apparel Group by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 24,443 shares of the textile maker’s stock valued at $661,000 after purchasing an additional 8,687 shares during the last quarter. Institutional investors own 88.79% of the company’s stock.
G-III Apparel Group Stock Down 0.1 %
Shares of G-III Apparel Group stock opened at $15.84 on Friday. The company has a quick ratio of 1.68, a current ratio of 3.09 and a debt-to-equity ratio of 0.49. G-III Apparel Group, Ltd. has a 12 month low of $11.60 and a 12 month high of $31.70. The business has a fifty day simple moving average of $15.87 and a 200 day simple moving average of $16.81. The stock has a market cap of $752.24 million, a PE ratio of 4.40, a price-to-earnings-growth ratio of 0.33 and a beta of 2.65.
Analyst Ratings Changes
G-III Apparel Group Company Profile
G-III Apparel Group Ltd. engages in the designing, sourcing, and marketing of women’s apparel. The firm’s product range includes outerwear, dresses, sportswear, swimwear, women’s suits and performance wear, as well as handbags, footwear, small leather goods, cold weather accessories, and luggage. It operates through the Wholesale and Retail segments.
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