Iconix Brand Group, Inc. (ICON) loses confidence of 33 hedge fund managers

Iconix Brand Group, Inc. (NASDAQ:ICON) is on recovery track with 67.36% gain from a 1-year low price of $1.44. The company added 30.27% to attain the price of $2.41 on 11/16/2017. Throughout the recent session, the prices were hovering between $1.86 and $2.45. These shares are 24.48% off its target price of $3 and the current market capitalization stands at $143.66M. The recent change has given its price a -46.37% deficit over SMA 50 and -77.69% deficit over its 52-week high. The stock witnessed -52.28% declines, -51.8% declines and -62.69% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ICON’s volatility during a week at 11.44% and during a month it has been found around 18.25%.

Iconix Brand Group, Inc. (ICON) Top Holders

Institutional investors currently hold around $91 million or 90.9% in ICON stock. Look at its top three institutional owners. Blackrock Inc. owns $12.59 million in Iconix Brand Group, Inc., which represents roughly 8.77% of the company’s market cap and approximately 13.84% of the institutional ownership. Similar statistics are true for the second largest owner, Oppenheimerfunds, Inc., which owns 6,037,123 shares of the stock are valued at $11.17 million. The third largest holder is Vanguard Group Inc, which currently holds $8.87 million worth of this stock and that ownership represents nearly 6.17% of its market capitalization.

Iconix Brand Group, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 59 institutional holders increased their position in Iconix Brand Group, Inc. (NASDAQ:ICON) by some 4,789,981 shares, 69 decreased positions by 3,514,601 and 35 held positions by 40,799,013. That puts total institutional holdings at 49,103,595 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 2,224,182 shares while 33 institutional investors sold out their entire positions totaling 885,007 shares.

Iconix Brand Group, Inc. (NASDAQ:ICON) Insider Trades

Multiple company employees have indulged in significant insider trading. Iconix Brand Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP – Chief Strategy Officer Blumberg David has sold 11,000 shares of Iconix Brand Group, Inc. (ICON) in trading session dated May. 19, 2016. These shares are worth $83,710 and were traded at $7.61 each. The SEC filing shows that Blumberg David performed a sale of 20,830 shares. The EVP – Chief Strategy Officer disposed these shares by way of transaction on May. 10, 2016. The company’s shares were given away at $8.27 per share worth to an income of some $172,264 on account of Blumberg David.

Executive Chairman, Cuneo F Peter, purchased 50,000 common shares of Iconix Brand Group, Inc. (ICON) in the open market. In a transaction dated May. 09, 2016, the shares were bought at an average price of $7.99, giving away a sum of $399,500. After this purchase, 310,838 common shares of ICON are directly owned by the insider, with total stake valued at $749,120.

In the transaction dated Mar. 28, 2016, the great number of shares disposed came courtesy the 10% Owner; Barclays Plc disposed a total of 1,900 shares at an average price of $7.82, amounting to approximately $14,858. The insider now directly owns 9,453,674 shares worth $22,783,354.

Iconix Brand Group, Inc. (ICON) Analyst Guide

Several analysts have released their opinion on Iconix Brand Group, Inc. (NASDAQ:ICON), with 0 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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