Quantbot Technologies LP Cuts Stake in Guess?, Inc. (NYSE:GES)

Quantbot Technologies LP lessened its holdings in Guess?, Inc. (NYSE:GES) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,561 shares of the company’s stock after selling 33,578 shares during the quarter. Quantbot Technologies LP’s holdings in Guess? were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP grew its holdings in Guess? by 216.9% in the 3rd quarter. Quarry LP now owns 3,359 shares of the company’s stock worth $68,000 after acquiring an additional 2,299 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Guess? by 17.6% during the fourth quarter. AlphaQuest LLC now owns 20,498 shares of the company’s stock worth $288,000 after purchasing an additional 3,070 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Guess? by 23.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,533 shares of the company’s stock worth $280,000 after purchasing an additional 3,906 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Guess? by 8.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 72,396 shares of the company’s stock valued at $1,018,000 after purchasing an additional 5,906 shares during the period. Finally, EMC Capital Management raised its position in Guess? by 158.0% during the 4th quarter. EMC Capital Management now owns 9,908 shares of the company’s stock valued at $139,000 after purchasing an additional 6,068 shares during the last quarter. 61.74% of the stock is owned by institutional investors.

Guess? Price Performance

GES stock opened at $11.75 on Wednesday. Guess?, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $33.50. The company has a market capitalization of $604.62 million, a price-to-earnings ratio of 9.87 and a beta of 1.87. The business’s 50 day moving average price is $11.91 and its two-hundred day moving average price is $15.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.74 and a current ratio of 1.54.

Analyst Upgrades and Downgrades

GES has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Guess? from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $18.00 price target on shares of Guess? in a report on Tuesday, March 18th.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.