UBS Oconnor LLC bought a new stake in shares of Kate Spade & Co (NYSE:KATE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,059 shares of the textile maker’s stock, valued at approximately $186,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Farallon Capital Management LLC lifted its holdings in Kate Spade & Co by 152.4% in the 2nd quarter. Farallon Capital Management LLC now owns 530,000 shares of the textile maker’s stock valued at $9,800,000 after acquiring an additional 320,000 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in shares of Kate Spade & Co by 749.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 487,307 shares of the textile maker’s stock valued at $9,010,000 after purchasing an additional 429,963 shares in the last quarter. Glazer Capital LLC bought a new position in shares of Kate Spade & Co during the 2nd quarter valued at about $84,549,000. Parametric Portfolio Associates LLC boosted its position in shares of Kate Spade & Co by 71.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 186,296 shares of the textile maker’s stock valued at $3,445,000 after purchasing an additional 77,648 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Kate Spade & Co in the 2nd quarter worth approximately $3,874,000. 97.87% of the stock is owned by institutional investors and hedge funds.

Shares of Kate Spade & Co (KATE) opened at 18.49 on Wednesday. Kate Spade & Co has a 52 week low of $14.02 and a 52 week high of $24.24. The firm’s 50 day moving average is $18.45 and its 200-day moving average is $19.25.

Several research firms have issued reports on KATE. BMO Capital Markets set a $19.00 price target on Kate Spade & Co and gave the company a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research raised Kate Spade & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, BidaskClub raised Kate Spade & Co from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.78.

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Kate Spade & Co Profile

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America. The KATE SPADE International segment consists of the Company’s kate spade new york and JACK SPADE brands in international markets, which operates principally in Japan, Asia (excluding Japan), Europe and Latin America).

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Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

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