GoodHaven Capital Management LLC lowered its position in Sears Holdings Corporation (NASDAQ:SHLD) by 77.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,997 shares of the company’s stock after selling 218,400 shares during the quarter. Sears Holdings Corporation makes up about 0.3% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. GoodHaven Capital Management LLC owned 0.06% of Sears Holdings Corporation worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SHLD. KCG Holdings Inc. acquired a new stake in Sears Holdings Corporation in the first quarter valued at $129,000. Rhumbline Advisers lifted its stake in Sears Holdings Corporation by 9.0% in the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock valued at $150,000 after acquiring an additional 1,394 shares during the last quarter. PEAK6 Investments L.P. lifted its stake in Sears Holdings Corporation by 192.7% in the first quarter. PEAK6 Investments L.P. now owns 15,894 shares of the company’s stock valued at $183,000 after acquiring an additional 10,464 shares during the last quarter. ING Groep NV acquired a new stake in Sears Holdings Corporation in the second quarter valued at $222,000. Finally, Karp Capital Management Corp acquired a new stake in Sears Holdings Corporation in the first quarter valued at $272,000. Hedge funds and other institutional investors own 62.15% of the company’s stock.

SHLD has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Sears Holdings Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Vetr upgraded shares of Sears Holdings Corporation from a “strong sell” rating to a “sell” rating and set a $7.05 price target for the company in a research note on Thursday, May 18th. Finally, ValuEngine cut shares of Sears Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th.

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Shares of Sears Holdings Corporation (NASDAQ:SHLD) traded down 3.30% during mid-day trading on Friday, reaching $7.63. 1,019,596 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.93. The company’s market cap is $819.81 million. Sears Holdings Corporation has a 52-week low of $5.50 and a 52-week high of $14.32.

Sears Holdings Corporation (NASDAQ:SHLD) last posted its earnings results on Thursday, August 24th. The company reported ($1.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.48) by $1.32. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company earned ($2.24) EPS. The business’s revenue was down 22.9% compared to the same quarter last year. On average, equities research analysts predict that Sears Holdings Corporation will post ($9.21) EPS for the current year.

About Sears Holdings Corporation

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.

Institutional Ownership by Quarter for Sears Holdings Corporation (NASDAQ:SHLD)

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