Sears Holdings Corp: Esl Partners Makes Purchase

February 14, 2018 - By Vivian Currie

 Sears Holdings Corp: Esl Partners Makes Purchase

Investors sentiment increased to 0.72 in Q3 2017. Its up 0.20, from 0.52 in 2017Q2. It increased, as 20 investors sold Sears Holdings Corporation shares while 30 reduced holdings. 18 funds opened positions while 18 raised stakes. 64.05 million shares or 3.85% less from 66.61 million shares in 2017Q2 were reported.

Chou Mngmt Inc invested in 2.89% or 1.13M shares. Manatuck Hill Prns Ltd Limited Liability Company holds 0.1% or 28,800 shares. Tiaa Cref Invest Mgmt Limited Com holds 108 shares. Qs Investors Limited Com has invested 0% in Sears Holdings Corporation (NASDAQ:SHLD). Blackrock invested in 0% or 1.17 million shares. Eaton Vance Mgmt holds 0% or 12,107 shares. Pnc Serv Gru invested in 3,656 shares or 0% of the stock. National Bank Of Ny Mellon holds 0% or 98,984 shares. Us Bankshares De has invested 0% in Sears Holdings Corporation (NASDAQ:SHLD). Cmt Asset Management has invested 0.03% in Sears Holdings Corporation (NASDAQ:SHLD). Rhumbline Advisers holds 0% or 16,578 shares. Manufacturers Life Ins The holds 3,245 shares. Moreover, Credit Suisse Ag has 0% invested in Sears Holdings Corporation (NASDAQ:SHLD). Fine Capital Prns Lp accumulated 2.05% or 2.68M shares. Sg Americas Secs Ltd Co holds 0% of its portfolio in Sears Holdings Corporation (NASDAQ:SHLD) for 30,868 shares.

Since January 8, 2018, it had 0 buys, and 3 sales for $13.55 million activity.

The New Esl Partners Holding in Sears Holdings Corp

Esl Partners reported SC 13D/A form with the SEC for Sears Holdings Corp. Access it here: 000119312518044567. As reported by Esl Partners, the filler owns 57% or 64,071,894 shares of the Consumer Discretionary–company.

Sears Holdings Corp stake is new for [reportingPerson]. Date of activity: February 7, 2018. This shows Esl Partners’s positive view for Sears Holdings Corp.

Reasons Why Esl Partners Bought – Sears Holdings Corp Stock

Purpose of Transaction

Item 4 is hereby amended and supplemented as follows:

“On February7, 2018, Holdings, the Second-Lien Borrowers, and certain other subsidiaries of Holdings entered into a third amendment(the “Third Second Lien Amendment”) to the Second Lien Credit Agreement, with the lenders party thereto and JPP, LLC, as administrative agent and collateral administrator. The Third Second Lien Amendment, among other things, increased themaximum aggregate principal of the uncommitted line of credit facility established under the Second Lien Credit Agreement to $600million, extended the maximum duration of line of credit loans to 270 days and increased the size of the generaldebt basket to $1.25billion.

The foregoing description does not purport to be complete and is qualified in its entirety byreference to the Third Second Lien Amendment, filed as Exhibit 99.53 hereto and incorporated by reference herein.

On February7,2018, Holdings, the Term Loan Borrowers, and certain other subsidiaries of Holdings entered into a third amendment (the “Third Term Loan Amendment”) to the Term Loan Credit Agreement with the lenders party thereto and JPP, LLC, asadministrative agent and collateral administrator. The Third Term Loan Amendment, among other things, increased the size of the general debt basket to $1.25billion.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Third Term Loan Amendment,filed as Exhibit 99.54 hereto and incorporated by reference herein.”

Item5.Interest in Securities of the Issuer.

Sears Holdings Corp Institutional Sentiment

Filings show 147 investors own Sears Holdings Corp. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 9328807. 70536299 were owned by these investors. 22 funds opened new Sears Holdings Corp stakes, 45 increased positions. There were 36 that closed positions and 56 reduced them.

8 investors had the stock in their top 10. Some are: Fairholme Capital Management Llc, Rbs Partners L.P., Old West Investment Management Llc..

Michael Zimmerman Prentice Capital Management Lp is an investor bullish on Sears Holdings Corp, owning 49801 shares as of Q3 2015 for 4.37% of its portfolio. Old West Investment Management Llc owns 399851 shares or 6.87% of its portfolio. NY Force Capital Management Llc have 9.99% of its portfolio for 2108593 shares. Further, Rbs Partners Lp reported stake worth 32.21% of its portfolio. The FL Fairholme Capital Management Llc owns 26650148 shares. Sears Holdings Corp is 17.35% of its portfolio.

Business Profile

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services. The Company is the home appliance retailer, as well as offers tools, lawn and garden, fitness equipment, automotive repair and maintenance. Its brands include Kenmore, Craftsman and DieHard. It also maintains a range of apparel and home offering, including labels, such as Jaclyn Smith, Joe Boxer, Route 66, Cannon, Ty Pennington Style and Levi’s and also offers Lands’ End merchandise in some of its Full-line stores. As of January 28, 2017, it is also a provider of home services, with over four million service and installation calls made annually. As of January 28, 2017, it operated a network of stores with 1,430 full-line and specialty retail stores.

SEC Form 13D.

The stock increased 1.32% or $0.03 during the last trading session, reaching $2.3. About 611,257 shares traded. Sears Holdings Corporation (NASDAQ:SHLD) has declined 29.81% since February 14, 2017 and is downtrending. It has underperformed by 46.51% the S&P500.

Sears Holdings Corporation operates as an integrated retailer in the United States. The company has market cap of $247.51 million. It operates in two divisions, Kmart and Sears Domestic. It currently has negative earnings. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.

Sears Holdings Corporation (NASDAQ:SHLD) Ratings Coverage

Among 3 analysts covering Sears Canada (NASDAQ:SHLD), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Sears Canada has $11 highest and $2.5 lowest target. $6.75’s average target is 193.48% above currents $2.3 stock price. Sears Canada had 5 analyst reports since September 3, 2015 according to SRatingsIntel. As per Thursday, September 3, the company rating was maintained by IBC. The rating was maintained by Susquehanna with “Sell” on Friday, December 1. Susquehanna maintained it with “Sell” rating and $2.5 target in Wednesday, January 10 report. Susquehanna initiated Sears Holdings Corporation (NASDAQ:SHLD) on Friday, February 10 with “Negative” rating.

More notable recent Sears Holdings Corporation (NASDAQ:SHLD) news were published by: Seekingalpha.com which released: “Sears Holdings’ Stealth Dilution” on January 26, 2018, also Seekingalpha.com with their article: “Sears Holdings: ESL’s Financing Comes At A Great Price” published on February 07, 2018, Seekingalpha.com published: “Sears Holdings: Bruce Berkowitz Was Mostly Right.” on February 05, 2018. More interesting news about Sears Holdings Corporation (NASDAQ:SHLD) were released by: Prnewswire.com and their article: “Sears Holdings announces intention to commence private exchange offers for …” published on January 23, 2018 as well as Usnews.com‘s news article titled: “A Big Investor Is Giving Up on Sears” with publication date: February 02, 2018.

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