Netshoes Cayman (NETS) Holdings Raised by Tikvah Management LLC

Tikvah Management LLC increased its position in Netshoes Cayman (NYSE:NETS) by 69.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,302 shares of the company’s stock after acquiring an additional 143,172 shares during the quarter. Netshoes Cayman comprises approximately 1.9% of Tikvah Management LLC’s holdings, making the stock its 14th biggest position. Tikvah Management LLC owned about 1.13% of Netshoes Cayman worth $4,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NETS. Investec Asset Management LTD grew its holdings in Netshoes Cayman by 222.5% during the 3rd quarter. Investec Asset Management LTD now owns 606,054 shares of the company’s stock valued at $7,970,000 after buying an additional 418,158 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Netshoes Cayman during the 3rd quarter valued at approximately $949,000. JPMorgan Chase & Co. bought a new position in shares of Netshoes Cayman during the 3rd quarter valued at approximately $108,000. JGP Global Gestao de Recursos Ltda. bought a new position in shares of Netshoes Cayman during the 3rd quarter valued at approximately $1,749,000. Finally, Wasatch Advisors Inc. boosted its position in shares of Netshoes Cayman by 741.5% during the 3rd quarter. Wasatch Advisors Inc. now owns 331,643 shares of the company’s stock valued at $4,361,000 after acquiring an additional 292,230 shares during the last quarter. 61.51% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded Netshoes Cayman from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.90.

Netshoes Cayman (NYSE NETS) traded down $0.17 during mid-day trading on Friday, reaching $7.90. The company’s stock had a trading volume of 72,362 shares, compared to its average volume of 187,385. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 1.63. Netshoes Cayman has a twelve month low of $5.68 and a twelve month high of $26.96.

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Netshoes Cayman Company Profile

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

Institutional Ownership by Quarter for Netshoes Cayman (NYSE:NETS)

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