Weber Alan W lifted its position in shares of Lifetime Brands Inc (NASDAQ:LCUT) by 44.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Weber Alan W’s holdings in Lifetime Brands were worth $614,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Lifetime Brands by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock worth $1,190,000 after buying an additional 5,007 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Lifetime Brands by 43.0% during the fourth quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock worth $170,000 after buying an additional 5,104 shares in the last quarter. Resources Investment Advisors Inc. acquired a new stake in shares of Lifetime Brands during the fourth quarter worth $71,000. United Asset Strategies Inc. acquired a new stake in shares of Lifetime Brands during the first quarter worth $173,000. Finally, BlackRock Inc. lifted its holdings in shares of Lifetime Brands by 2.9% during the fourth quarter. BlackRock Inc. now owns 874,261 shares of the company’s stock worth $8,769,000 after buying an additional 24,494 shares in the last quarter. 44.93% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on LCUT shares. ValuEngine raised Lifetime Brands from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Zacks Investment Research downgraded Lifetime Brands from a “hold” rating to a “sell” rating in a report on Tuesday, June 4th.

In related news, major shareholder Centre Partners V, L.P. purchased 63,906 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $9.59 per share, with a total value of $612,858.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders purchased 360,420 shares of company stock valued at $3,415,449. 41.70% of the stock is owned by insiders.

Shares of LCUT traded down $0.23 during midday trading on Friday, reaching $9.21. 11,109 shares of the stock were exchanged, compared to its average volume of 32,829. Lifetime Brands Inc has a twelve month low of $7.69 and a twelve month high of $13.75. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.12 and a current ratio of 2.96. The company has a market capitalization of $192.69 million, a P/E ratio of 19.19, a P/E/G ratio of 0.83 and a beta of 1.12.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.22. The business had revenue of $149.93 million during the quarter. Lifetime Brands had a return on equity of 3.58% and a net margin of 0.68%. On average, equities research analysts predict that Lifetime Brands Inc will post 0.74 earnings per share for the current fiscal year.

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Lifetime Brands Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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Institutional Ownership by Quarter for Lifetime Brands (NASDAQ:LCUT)

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