Institutional investors now have $585 million stake in Crocs, Inc. (CROX)

Crocs, Inc. (NASDAQ:CROX) marched up 54.13% compared to a 52-week low price of $5.93. The shares were last seen trading -8.74% lower, taking the closing price at $9.14 on Nov. 3, 2017. At recent session, the prices were hovering between $9.13 and $10.11. This company shares are -5.47% up from its target price of $8.64 and the current market capitalization stands at $650.95M. The recent change has given its price a -4.32% deficit over SMA 50 and -15.37% deficit over its 52-week high. The stock witnessed -5.28% declines, 14.39% gains and 53.61% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CROX’s volatility during a week at 4.56% and during a month it has been found around 3.21%.

Crocs, Inc. (CROX) Top Holders

Institutional investors currently hold around $585 million or 88.8% in CROX stock. Look at its top three institutional owners. Blackrock Inc. owns $83.69 million in Crocs, Inc., which represents roughly 12.86% of the company’s market cap and approximately 14.31% of the institutional ownership. Similar statistics are true for the second largest owner, Alliancebernstein L.P., which owns 7,115,223 shares of the stock are valued at $65.03 million. The third largest holder is Vanguard Group Inc, which currently holds $62.58 million worth of this stock and that ownership represents nearly 9.61% of its market capitalization.

Crocs, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 87 institutional holders increased their position in Crocs, Inc. (NASDAQ:CROX) by some 6,020,856 shares, 67 decreased positions by 9,139,148 and 33 held positions by 48,810,596. That puts total institutional holdings at 63,970,600 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 1,760,520 shares while 21 institutional investors sold out their entire positions totaling 688,444 shares.

Crocs, Inc. (NASDAQ:CROX) Insider Trades

Multiple company employees have indulged in significant insider trading. Crocs, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, CFO Teffner Carrie W. has acquired 7,500 shares of Crocs, Inc. (CROX) in trading session dated Aug. 24, 2016. These shares are worth $66,375 and were traded at $8.85 each. The SEC filing shows that Ribatt Gregg performed a purchase of 10,000 shares. The CEO added these shares by way of transaction on Mar. 11, 2016. The company’s shares were assimilated at $9.25 per share worth to an investment of some $92,500 on account of Ribatt Gregg.

Director, Frasch Ronald, purchased 10,895 common shares of Crocs, Inc. (CROX) in the open market. In a transaction dated Mar. 09, 2016, the shares were bought at an average price of $9.22, giving away a sum of $100,452. After this purchase, 86,913 common shares of CROX are directly owned by the insider, with total stake valued at $794,385.

In the transaction dated Nov. 12, 2015, the great number of shares acquired came courtesy the President; Rees Andrew added a total of 10,000 shares at an average price of $9.51, amounting to approximately $95,100. The insider now directly owns 558,812 shares worth $5,107,542.

Crocs, Inc. (CROX) Analyst Guide

Several analysts have released their opinion on Crocs, Inc. (NASDAQ:CROX), with 0 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.86 average brokerage recommendation.

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