NWQ Investment Management Company LLC lowered its position in shares of Fred's, Inc. (NASDAQ:FRED) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,385,983 shares of the company’s stock after selling 181,950 shares during the quarter. NWQ Investment Management Company LLC owned 8.86% of Fred's worth $13,713,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Fred's by 6.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,594 shares of the company’s stock worth $125,000 after buying an additional 804 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Fred's during the 3rd quarter worth approximately $109,000. Voya Investment Management LLC lifted its position in shares of Fred's by 9.0% during the 2nd quarter. Voya Investment Management LLC now owns 19,503 shares of the company’s stock worth $180,000 after buying an additional 1,613 shares in the last quarter. Jefferies Group LLC bought a new position in shares of Fred's during the 4th quarter worth approximately $103,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Fred's by 153.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,225 shares of the company’s stock worth $169,000 after buying an additional 15,861 shares in the last quarter.
Shares of Fred's, Inc. (NASDAQ FRED) opened at $3.05 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.44 and a current ratio of 1.78. Fred's, Inc. has a 1-year low of $2.85 and a 1-year high of $16.27.
FRED has been the topic of a number of research reports. Zacks Investment Research raised shares of Fred's from a “sell” rating to a “hold” rating in a report on Tuesday. Loop Capital reaffirmed a “hold” rating and issued a $4.00 price target on shares of Fred's in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.00.
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Fred's Company Profile
Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.
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