41 hedge funds sold their entire positions in Iconix Brand Group, Inc. (ICON)

Iconix Brand Group, Inc. (NASDAQ:ICON) went up to recover about 72.6% since recording its record low price of $0.07. The stock experienced -3.08% slump, arriving at $0.13 on 01/10/2019. During the day, the stock price traveled from $0.12 to $0.1313. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $9.22M. The recent change has given its price a -12.97% deficit over SMA 50 and -93.88% deficit over its 52-week high. The stock witnessed -5.9% declines, -55% declines and -80.36% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ICON’s volatility during a week at 14.86% and during a month it has been found around 15.36%.

Iconix Brand Group, Inc. (ICON) Top Holders

Institutional investors currently hold around $2 million or 20.1% in ICON stock. Look at its top three institutional owners. Vanguard Group Inc owns $580 thousand in Iconix Brand Group, Inc., which represents roughly 6.29% of the company’s market cap and approximately 29% of the institutional ownership. Similar statistics are true for the second largest owner, Permit Capital, Llc, which owns 1,760,002 shares of the stock are valued at $229 thousand. The third largest holder is Blackrock Inc., which currently holds $189 thousand worth of this stock and that ownership represents nearly 2.05% of its market capitalization.

Iconix Brand Group, Inc. 13F Filings

At the end of September reporting period, 17 institutional holders increased their position in Iconix Brand Group, Inc. (NASDAQ:ICON) by some 2,278,923 shares, 41 decreased positions by 5,665,439 and 20 held positions by 6,887,450. That puts total institutional holdings at 14,831,812 shares, according to SEC filings. The stock grabbed 5 new institutional investments totaling 44,392 shares while 17 institutional investors sold out their entire positions totaling 2,131,898 shares.

Iconix Brand Group, Inc. (NASDAQ:ICON) Insider Trades

Multiple company employees have indulged in significant insider trading. Iconix Brand Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman and Interim CEO Cuneo F Peter has sold 44,350 shares of Iconix Brand Group, Inc. (ICON) in trading session dated Sep. 19, 2018. These shares are worth $11,531 and were traded at $0.26 each. The SEC filing shows that Cuneo F Peter performed a sale of 96,593 shares. The Chairman and Interim CEO disposed these shares by way of transaction on Sep. 18, 2018. The company’s shares were given away at $0.28 per share worth to an income of some $27,046 on account of Cuneo F Peter.

Chairman and Interim CEO, Cuneo F Peter, sold 179,992 common shares of Iconix Brand Group, Inc. (ICON) in the open market. In a transaction dated Sep. 17, 2018, the shares were put up for sale at an average price of $0.26, raking in a sum of $46,798. After this sale, 175,957 common shares of ICON are directly owned by the insider, with total stake valued at $22,874.

In the transaction dated May. 19, 2016, the great number of shares disposed came courtesy the EVP – Chief Strategy Officer; Blumberg David disposed a total of 11,000 shares at an average price of $7.61, amounting to approximately $83,710. The insider now directly owns 138,515 shares worth $18,007.

Iconix Brand Group, Inc. (ICON) Analyst Guide

Several analysts have released their opinion on Iconix Brand Group, Inc. (NASDAQ:ICON), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.