Elk Creek Partners LLC Decreases Stake in EVINE Live Inc. (EVLV)
Elk Creek Partners LLC decreased its position in EVINE Live Inc. (NASDAQ:EVLV) by 85.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,688 shares of the company’s stock after selling 1,759,059 shares during the quarter. Elk Creek Partners LLC owned about 0.51% of EVINE Live worth $309,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of EVINE Live in the first quarter valued at approximately $327,000. Royce & Associates LP grew its position in shares of EVINE Live by 4.0% in the first quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock valued at $673,000 after purchasing an additional 20,000 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of EVINE Live by 8.3% in the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock valued at $1,280,000 after purchasing an additional 76,544 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of EVINE Live by 7.0% in the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after purchasing an additional 76,100 shares during the last quarter. Finally, Private Capital Advisors Inc. acquired a new position in shares of EVINE Live in the second quarter valued at approximately $2,688,000. 34.16% of the stock is currently owned by institutional investors.
EVINE Live Inc. (EVLV) opened at 1.08 on Tuesday. The firm’s market cap is $70.44 million. EVINE Live Inc. has a 52-week low of $0.89 and a 52-week high of $2.40. The stock has a 50 day moving average price of $1.01 and a 200 day moving average price of $1.16.
EVINE Live (NASDAQ:EVLV) last released its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). EVINE Live had a negative net margin of 1.08% and a negative return on equity of 8.38%. The business had revenue of $148.95 million during the quarter, compared to analyst estimates of $150.75 million. During the same period in the previous year, the business earned ($0.03) EPS. EVINE Live’s revenue was down 5.2% compared to the same quarter last year. Equities analysts predict that EVINE Live Inc. will post ($0.02) earnings per share for the current fiscal year.
In other EVINE Live news, Director Mark Holdsworth acquired 50,000 shares of EVINE Live stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of $0.99 per share, for a total transaction of $49,500.00. Following the purchase, the director now owns 216,092 shares of the company’s stock, valued at $213,931.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.15% of the stock is currently owned by insiders.
Several research firms have recently commented on EVLV. B. Riley reaffirmed a “buy” rating and issued a $2.00 target price on shares of EVINE Live in a research report on Monday, May 29th. Zacks Investment Research raised EVINE Live from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. ValuEngine downgraded EVINE Live from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Maxim Group set a $3.00 target price on EVINE Live and gave the company a “buy” rating in a research report on Tuesday, May 23rd.
About EVINE Live
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.
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