Jump Financial LLC Has $359,000 Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Jump Financial LLC lessened its position in shares of Newell Brands Inc. (NASDAQ:NWLFree Report) by 57.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,701 shares of the company’s stock after selling 52,648 shares during the period. Jump Financial LLC’s holdings in Newell Brands were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in Newell Brands by 233.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,849 shares of the company’s stock valued at $25,000 after purchasing an additional 1,994 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Newell Brands by 1,935.1% during the third quarter. Versant Capital Management Inc now owns 2,727 shares of the company’s stock valued at $25,000 after acquiring an additional 2,593 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Newell Brands during the third quarter valued at $25,000. Fairfield Bush & CO. bought a new position in shares of Newell Brands during the first quarter valued at $26,000. Finally, Resources Management Corp CT ADV increased its position in shares of Newell Brands by 6,000.0% during the second quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company’s stock worth $27,000 after buying an additional 3,000 shares during the period. Institutional investors own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NWL. Raymond James cut shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. UBS Group increased their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Truist Financial cut shares of Newell Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $8.00 in a research report on Monday, October 30th. Finally, Citigroup decreased their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Newell Brands has an average rating of “Hold” and a consensus target price of $9.28.

View Our Latest Analysis on Newell Brands

Newell Brands Trading Up 6.4 %

NASDAQ:NWL opened at $7.29 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -7.67 and a beta of 0.94. The firm has a fifty day simple moving average of $8.42 and a two-hundred day simple moving average of $8.58. Newell Brands Inc. has a 12 month low of $6.49 and a 12 month high of $15.60.

Newell Brands (NASDAQ:NWLGet Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. Analysts expect that Newell Brands Inc. will post 0.57 EPS for the current fiscal year.

Newell Brands Company Profile

(Free Report)

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

Featured Articles

Institutional Ownership by Quarter for Newell Brands (NASDAQ:NWL)

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.