Paradigm Capital Management Inc. NY cut its holdings in shares of Stage Stores Inc (NYSE:SSI) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,588,900 shares of the company’s stock after selling 150,000 shares during the quarter. Paradigm Capital Management Inc. NY owned about 9.17% of Stage Stores worth $6,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in Stage Stores during the 4th quarter worth approximately $112,000. Axar Capital Management L.P. raised its stake in Stage Stores by 75.0% during the 1st quarter. Axar Capital Management L.P. now owns 1,750,000 shares of the company’s stock worth $3,815,000 after buying an additional 750,000 shares during the period. Crown Advisors Management Inc. acquired a new position in Stage Stores during the 1st quarter worth approximately $495,000. Crescent Grove Advisors LLC raised its stake in Stage Stores by 87.5% during the 2nd quarter. Crescent Grove Advisors LLC now owns 94,400 shares of the company’s stock worth $228,000 after buying an additional 44,053 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in Stage Stores during the 2nd quarter worth approximately $282,000. Hedge funds and other institutional investors own 49.51% of the company’s stock.

A number of research analysts recently weighed in on SSI shares. ValuEngine raised Stage Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. TheStreet downgraded Stage Stores from a “c-” rating to a “d+” rating in a research note on Thursday, June 21st.

SSI stock remained flat at $$2.01 during trading on Friday. The company had a trading volume of 5,470 shares, compared to its average volume of 241,328. Stage Stores Inc has a fifty-two week low of $1.60 and a fifty-two week high of $3.25. The company has a current ratio of 2.83, a quick ratio of 0.40 and a debt-to-equity ratio of 0.85. The firm has a market cap of $63.53 million, a P/E ratio of -2.36 and a beta of 0.76.

Stage Stores (NYSE:SSI) last posted its quarterly earnings results on Thursday, May 24th. The company reported ($1.14) earnings per share for the quarter. Stage Stores had a negative return on equity of 11.79% and a negative net margin of 3.07%. The firm had revenue of $344.23 million for the quarter. equities analysts predict that Stage Stores Inc will post -1.15 EPS for the current year.

About Stage Stores

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

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Institutional Ownership by Quarter for Stage Stores (NYSE:SSI)

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