Quinn Opportunity Partners LLC Has Lowered Abercrombie & Fitch Co (ANF) Holding by $4.03 Million

February 15, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.29, from 0.95 in 2017Q2. It improved, as 27 investors sold ANF shares while 51 reduced holdings. 36 funds opened positions while 61 raised stakes. 66.34 million shares or 4.05% more from 63.76 million shares in 2017Q2 were reported. Grp One Trading Lp owns 40,326 shares or 0.01% of their US portfolio. Ameriprise Inc has invested 0% in Abercrombie & Fitch Co. (NYSE:ANF). 46,248 were reported by Nationwide Fund Advsrs. Great West Life Assurance Can has invested 0.02% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF). Envestnet Asset Management Inc invested in 0% or 66 shares. California State Teachers Retirement has invested 0% in Abercrombie & Fitch Co. (NYSE:ANF). Armistice Capital Ltd Liability Co reported 700,000 shares stake. 8.38M are owned by Blackrock. Adirondack has 0% invested in Abercrombie & Fitch Co. (NYSE:ANF). Deutsche State Bank Ag invested in 0.01% or 1.26M shares. Moreover, Lombard Odier Asset (Usa) has 0.08% invested in Abercrombie & Fitch Co. (NYSE:ANF) for 77,318 shares. Guggenheim Capital Ltd Co holds 218,511 shares. Point72 Asia (Hong Kong) Ltd has invested 0.08% in Abercrombie & Fitch Co. (NYSE:ANF). Jupiter Asset Ltd has invested 0.15% in Abercrombie & Fitch Co. (NYSE:ANF). Credit Suisse Ag owns 121,863 shares for 0% of their portfolio.

Quinn Opportunity Partners Llc decreased its stake in Abercrombie & Fitch Co (ANF) by 17.72% based on its latest 2017Q3 regulatory filing with the SEC. Quinn Opportunity Partners Llc sold 287,900 shares as the company’s stock rose 2.13% with the market. The institutional investor held 1.34 million shares of the clothing and shoe and accessory stores company at the end of 2017Q3, valued at $19.31M, down from 1.62M at the end of the previous reported quarter. Quinn Opportunity Partners Llc who had been investing in Abercrombie & Fitch Co for a number of months, seems to be less bullish one the $1.49 billion market cap company. The stock decreased 0.59% or $0.13 during the last trading session, reaching $21.87. About 909,054 shares traded. Abercrombie & Fitch Co. (NYSE:ANF) has declined 47.82% since February 15, 2017 and is downtrending. It has underperformed by 64.52% the S&P500.

Quinn Opportunity Partners Llc, which manages about $635.47 million US Long portfolio, upped its stake in Time Warner Inc (NYSE:TWX) by 409,300 shares to 693,400 shares, valued at $71.04M in 2017Q3, according to the filing. It also increased its holding in Comcast Corp (NASDAQ:CMCSA) by 134,400 shares in the quarter, for a total of 183,000 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

Analysts await Abercrombie & Fitch Co. (NYSE:ANF) to report earnings on March, 1. They expect $0.85 EPS, up 19.72 % or $0.14 from last year’s $0.71 per share. ANF’s profit will be $57.87 million for 6.43 P/E if the $0.85 EPS becomes a reality. After $0.30 actual EPS reported by Abercrombie & Fitch Co. for the previous quarter, Wall Street now forecasts 183.33 % EPS growth.

More important recent Abercrombie & Fitch Co. (NYSE:ANF) news were published by: Prnewswire.com which released: “What’s Happening With These Apparel Stores Stocks? — Abercrombie & Fitch …” on February 13, 2018, also Reuters.com published article titled: “Abercrombie & Fitch settles workers’ clothing claims for $25 mln”, Fool.com published: “Why Abercrombie & Fitch Co. Stock Popped Today” on January 22, 2018. More interesting news about Abercrombie & Fitch Co. (NYSE:ANF) was released by: Bloomberg.com and their article: “Abercrombie, Once Averse to Ads, Touts Hollister on Web Series” with publication date: February 14, 2018.

Abercrombie & Fitch Co. (NYSE:ANF) Ratings Coverage

Among 31 analysts covering Abercrombie & Fitch Co. (NYSE:ANF), 7 have Buy rating, 9 Sell and 15 Hold. Therefore 23% are positive. Abercrombie & Fitch Co. had 114 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 20 by Citigroup. Bank of America maintained the shares of ANF in report on Wednesday, January 24 with “Underperform” rating. BMO Capital Markets maintained it with “Hold” rating and $12.0 target in Tuesday, September 26 report. The stock has “Hold” rating by Vetr on Friday, August 14. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Thursday, October 6. Mizuho maintained it with “Neutral” rating and $19 target in Tuesday, August 25 report. Wolfe Research downgraded the shares of ANF in report on Friday, March 3 to “Underperform” rating. The stock of Abercrombie & Fitch Co. (NYSE:ANF) earned “Market Perform” rating by Telsey Advisory Group on Friday, May 27. The rating was maintained by Jefferies on Thursday, August 24 with “Hold”. RBC Capital Markets upgraded the stock to “Hold” rating in Thursday, August 31 report.

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