Moors & Cabot Inc. decreased its holdings in Newell Brands Inc. (NASDAQ:NWL – Free Report) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,873 shares of the company’s stock after selling 3,492 shares during the quarter. Moors & Cabot Inc.’s holdings in Newell Brands were worth $243,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its holdings in Newell Brands by 6.7% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,775 shares of the company’s stock worth $224,000 after buying an additional 1,547 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Newell Brands during the third quarter worth $316,000. Metis Global Partners LLC acquired a new stake in shares of Newell Brands in the third quarter valued at $144,000. Arizona State Retirement System boosted its holdings in Newell Brands by 1.4% in the third quarter. Arizona State Retirement System now owns 112,012 shares of the company’s stock valued at $1,011,000 after purchasing an additional 1,508 shares during the period. Finally, Authentikos Wealth Advisory LLC acquired a new position in Newell Brands during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 91.53% of the company’s stock.
Newell Brands Stock Performance
NASDAQ NWL opened at $8.06 on Wednesday. The company has a fifty day moving average of $8.44 and a two-hundred day moving average of $8.67. Newell Brands Inc. has a 1 year low of $6.49 and a 1 year high of $15.60. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.65 and a current ratio of 1.24.
Wall Street Analysts Forecast Growth
Newell Brands Company Profile
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.
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