PDT Partners LLC Sells 77,556 Shares of Savers Value Village, Inc. (NYSE:SVV)

PDT Partners LLC decreased its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,890 shares of the company's stock after selling 77,556 shares during the quarter. PDT Partners LLC owned about 0.05% of Savers Value Village worth $860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Savers Value Village by 10.2% in the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company's stock valued at $5,714,000 after acquiring an additional 50,051 shares during the period. Baillie Gifford & Co. boosted its holdings in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after purchasing an additional 3,138,844 shares during the period. Handelsbanken Fonder AB acquired a new stake in Savers Value Village in the 4th quarter worth $138,000. Bank of New York Mellon Corp increased its holdings in shares of Savers Value Village by 94.0% during the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company's stock worth $1,280,000 after purchasing an additional 60,507 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Savers Value Village by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company's stock valued at $2,309,000 after buying an additional 17,482 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company's stock.

Savers Value Village Price Performance

Savers Value Village stock opened at $9.56 on Thursday. The business's fifty day moving average is $7.84 and its two-hundred day moving average is $9.42. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. Savers Value Village, Inc. has a 52 week low of $6.48 and a 52 week high of $17.30. The firm has a market cap of $1.51 billion, a P/E ratio of 53.11 and a beta of 1.24.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The firm had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Equities research analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Savers Value Village

In related news, insider T. Charles Hunsinger acquired 6,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now owns 14,100 shares of the company's stock, valued at $102,225. This trade represents a 74.07 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SVV shares. UBS Group decreased their target price on Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. William Blair assumed coverage on Savers Value Village in a research report on Friday, April 4th. They issued an "outperform" rating for the company. The Goldman Sachs Group set a $9.00 price target on shares of Savers Value Village in a report on Tuesday, April 22nd. Finally, Piper Sandler dropped their price target on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.50.

About Savers Value Village

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.

Want to see what other hedge funds are holding SVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Savers Value Village, Inc. (NYSE:SVV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.