185,425 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 185,425 shares of the company’s stock, valued at approximately $7,869,000. Capri accounts for approximately 3.5% of Anthracite Investment Company Inc.’s holdings, making the stock its 2nd largest position. Anthracite Investment Company Inc. owned approximately 0.16% of Capri as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares in the last quarter. CWM LLC increased its holdings in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. EMC Capital Management boosted its stake in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Capri by 1,580.1% in the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after buying an additional 3,492 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group cut their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research report on Wednesday. Finally, StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.00.

Capri Price Performance

Shares of NYSE:CPRI opened at $20.05 on Wednesday. The firm has a market capitalization of $2.36 billion, a PE ratio of -6.55, a PEG ratio of 4.33 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $51.23. The business’s 50 day moving average is $33.62 and its 200-day moving average is $33.85.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.