Fairholme Capital Management LLC Raises Holdings in Sears Canada Inc (NASDAQ:SRSC)
Fairholme Capital Management LLC grew its position in shares of Sears Canada Inc (NASDAQ:SRSC) (TSE:SCC) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,562,974 shares of the company’s stock after buying an additional 784,996 shares during the period. Sears Canada comprises 1.8% of Fairholme Capital Management LLC’s portfolio, making the stock its 5th largest position. Fairholme Capital Management LLC owned 21.17% of Sears Canada worth $17,294,000 at the end of the most recent quarter.
Separately, Goldman Sachs Group Inc. increased its position in Sears Canada by 80.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 182,904 shares of the company’s stock valued at $147,000 after acquiring an additional 81,524 shares during the period. Hedge funds and other institutional investors own 49.07% of the company’s stock.
Sears Canada Inc (SRSC) traded up 43.214% during mid-day trading on Friday, reaching $0.802. The company had a trading volume of 5,140,049 shares. The company’s 50 day moving average is $0.75 and its 200 day moving average is $0.98. The stock’s market capitalization is $81.71 million. Sears Canada Inc has a 52-week low of $0.14 and a 52-week high of $2.89.
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