Engine Capital Management LP lifted its stake in PFSweb, Inc. (NASDAQ:PFSW) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,169,727 shares of the business services provider’s stock after purchasing an additional 214,278 shares during the period. PFSweb accounts for approximately 8.1% of Engine Capital Management LP’s holdings, making the stock its 3rd largest holding. Engine Capital Management LP owned about 6.07% of PFSweb worth $8,656,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of PFSW. Macquarie Group Ltd. raised its stake in shares of PFSweb by 15.7% in the 2nd quarter. Macquarie Group Ltd. now owns 40,853 shares of the business services provider’s stock valued at $397,000 after purchasing an additional 5,540 shares during the period. BlackRock Inc. raised its stake in shares of PFSweb by 0.8% in the 3rd quarter. BlackRock Inc. now owns 1,039,341 shares of the business services provider’s stock valued at $7,691,000 after purchasing an additional 8,291 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of PFSweb by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 647,308 shares of the business services provider’s stock valued at $6,292,000 after acquiring an additional 13,410 shares in the last quarter. Rhumbline Advisers bought a new position in shares of PFSweb in the 2nd quarter valued at about $131,000. Finally, Bank of Montreal Can bought a new position in shares of PFSweb in the 2nd quarter valued at about $139,000. 62.73% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on PFSW. B. Riley set a $12.00 price target on PFSweb and gave the stock a “buy” rating in a report on Friday, November 9th. Zacks Investment Research cut PFSweb from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, ValuEngine cut PFSweb from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. PFSweb has an average rating of “Hold” and an average target price of $10.67.
NASDAQ PFSW opened at $4.96 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.31 and a quick ratio of 1.23. PFSweb, Inc. has a 1-year low of $4.85 and a 1-year high of $11.86. The company has a market capitalization of $96.68 million, a PE ratio of 24.80 and a beta of 0.21.
PFSweb (NASDAQ:PFSW) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. PFSweb had a net margin of 0.47% and a return on equity of 13.65%. The company had revenue of $77.70 million during the quarter, compared to the consensus estimate of $75.93 million. On average, sell-side analysts anticipate that PFSweb, Inc. will post 0.26 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Engine Capital Management LP Has $8.66 Million Position in PFSweb, Inc. (PFSW)” was originally published by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.fairfieldcurrent.com/news/2018/12/21/pfsweb-inc-pfsw-shares-bought-by-engine-capital-management-lp.html.
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
Further Reading: Technical Analysis of Stocks, How Can It Help
Receive News & Ratings for PFSweb Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PFSweb and related companies with MarketBeat.com’s FREE daily email newsletter.