Cherokee Inc. (CHKE) Recent Ownership Changes

Cherokee Inc. (NASDAQ:CHKE) has made a 74.26% comeback from a 12-month low price of $1.66. It was seen 52.63% higher, changing the price to $2.9, when the closing bell rang on 11/13/2017. At recent session, the prices were hovering between $1.9 and $3.05. This company shares are 150% off its target price of $7.25 and the current market capitalization stands at $37.85M. The recent change has given its price a 3.2% lead over SMA 50 and -75.32% deficit over its 52-week high. The stock witnessed 20.83% gains, -36.96% declines and -71.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CHKE’s volatility during a week at 24.33% and during a month it has been found around 11.37%.

Cherokee Inc. (CHKE) Top Holders

Institutional investors currently hold around $18 million or 69% in CHKE stock. Look at its top three institutional owners. Cove Street Capital, Llc owns $4.69 million in Cherokee Inc., which represents roughly 12.39% of the company’s market cap and approximately 26.04% of the institutional ownership. Similar statistics are true for the second largest owner, Hcsf Management, Llc, which owns 1,654,397 shares of the stock are valued at $3.14 million. The third largest holder is Northpointe Capital Llc, which currently holds $1.27 million worth of this stock and that ownership represents nearly 3.34% of its market capitalization.

Cherokee Inc. 13F Filings

At the end of 06/30/2017 reporting period, 16 institutional holders increased their position in Cherokee Inc. (NASDAQ:CHKE) by some 577,164 shares, 26 decreased positions by 1,735,333 and 14 held positions by 7,134,606. That puts total institutional holdings at 9,447,103 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 41,550 shares while 10 institutional investors sold out their entire positions totaling 989,486 shares.

Cherokee Inc. (NASDAQ:CHKE) Insider Trades

Multiple company employees have indulged in significant insider trading. Cherokee Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Engel Susan E has acquired 1,000 shares of Cherokee Inc. (CHKE) in trading session dated Jul. 12, 2017. These shares are worth $5,000 and were traded at $5 each. The SEC filing shows that Headlands Strategic Opportunit performed a purchase of 91,780 shares. The 10% Owner added these shares by way of transaction on May. 12, 2017. The company’s shares were assimilated at $8.5 per share worth to an investment of some $780,130 on account of Headlands Strategic Opportunit.

10% Owner, Headlands Strategic Opportunit, purchased 464,429 common shares of Cherokee Inc. (CHKE) in the open market. In a transaction dated Nov. 29, 2016, the shares were bought at an average price of $9.5, giving away a sum of $4,412,076. After this purchase, 1,562,617 common shares of CHKE are directly owned by the insider, with total stake valued at $4,531,589.

In the transaction dated Nov. 29, 2016, the great number of shares acquired came courtesy the Director; Ravich Jess M added a total of 101,602 shares at an average price of $9.5, amounting to approximately $965,219. The insider now directly owns 341,848 shares worth $991,359.

Cherokee Inc. (CHKE) Analyst Guide

Not many analysts have released their opinion on Cherokee Inc. (NASDAQ:CHKE), with 2 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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