Fund 1 Investments LLC Sells 841,627 Shares of Vince Holding Corp. (NYSE:VNCE)

Fund 1 Investments LLC cut its holdings in shares of Vince Holding Corp. (NYSE:VNCE) by 67.7% in the 4th quarter, HoldingsChannel reports. The fund owned 401,349 shares of the textile maker’s stock after selling 841,627 shares during the period. Fund 1 Investments LLC’s holdings in Vince were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in Vince during the 4th quarter valued at about $29,000. Geode Capital Management LLC raised its stake in shares of Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after purchasing an additional 3,731 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Vince in the fourth quarter valued at approximately $86,000. Institutional investors and hedge funds own 16.11% of the company’s stock.

Analyst Upgrades and Downgrades

VNCE has been the subject of a number of analyst reports. StockNews.com began coverage on Vince in a research report on Thursday. They issued a “hold” rating for the company. Noble Financial downgraded shares of Vince from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th.

Vince Stock Performance

Shares of VNCE opened at $1.65 on Friday. The stock has a 50 day moving average of $1.85 and a 200 day moving average of $2.42. The company has a current ratio of 1.74, a quick ratio of 0.64 and a debt-to-equity ratio of 0.89. Vince Holding Corp. has a 12 month low of $1.27 and a 12 month high of $6.89. The company has a market capitalization of $20.81 million, a price-to-earnings ratio of 4.46 and a beta of 0.71.

Vince (NYSE:VNCE) last released its earnings results on Friday, May 2nd. The textile maker reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.16. The company had revenue of $79.95 million for the quarter, compared to analysts’ expectations of $72.98 million. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. As a group, sell-side analysts forecast that Vince Holding Corp. will post 0.63 earnings per share for the current year.

Vince Company Profile

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.