Menta Capital LLC Position in Pier 1 Imports INC (PIR) Has Increased by $4.43 Million

July 18, 2017 - By Migdalia James

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.24, from 0.69 in 2016Q3. It improved, as 28 investors sold PIR shares while 53 reduced holdings. 37 funds opened positions while 38 raised stakes. 58.06 million shares or 9.23% less from 63.97 million shares in 2016Q3 were reported. 963,677 were accumulated by Northern. Bnp Paribas Arbitrage Sa has 43,587 shares for 0% of their portfolio. Exane Derivatives holds 1 shares or 0% of its portfolio. Gsa Prtn Llp has 0.14% invested in Pier 1 Imports Inc (NYSE:PIR) for 268,820 shares. Hsbc Holdg Public Limited holds 0% or 85,842 shares. Blackrock Grp Incorporated Limited has invested 0% in Pier 1 Imports Inc (NYSE:PIR). Alliancebernstein Limited Partnership invested in 78,928 shares. Blackrock Invest Mgmt Ltd Llc accumulated 343,827 shares. Schwab Charles Inv Inc holds 0.01% or 1.09M shares. Nomura Incorporated has 0% invested in Pier 1 Imports Inc (NYSE:PIR). Moreover, Walleye Trading Limited Liability has 0% invested in Pier 1 Imports Inc (NYSE:PIR) for 45,911 shares. Eagle Boston Invest Mngmt holds 0.61% or 595,504 shares. American Group holds 46,567 shares. Susquehanna Group Llp reported 0% of its portfolio in Pier 1 Imports Inc (NYSE:PIR). Eam Ltd Liability holds 106,099 shares or 0.12% of its portfolio.

Menta Capital Llc increased its stake in Pier 1 Imports Inc (PIR) by 171.34% based on its latest 2016Q4 regulatory filing with the SEC. Menta Capital Llc bought 553,751 shares as the company’s stock declined 23.88% while stock markets rallied. The hedge fund held 876,946 shares of the consumer services company at the end of 2016Q4, valued at $7.49 million, up from 323,195 at the end of the previous reported quarter. Menta Capital Llc who had been investing in Pier 1 Imports Inc for a number of months, seems to be bullish on the $408.44M market cap company. The stock increased 2.58% or $0.12 on July 17, reaching $4.78. About shares traded. Pier 1 Imports Inc (NYSE:PIR) has declined 2.95% since July 18, 2016 and is downtrending. It has underperformed by 19.65% the S&P500.

Menta Capital Llc, which manages about $2.11B and $1.20 billion US Long portfolio, decreased its stake in Marathon Pete Corp (NYSE:MPC) by 76,000 shares to 27,569 shares, valued at $1.39 million in 2016Q4, according to the filing. It also reduced its holding in Valero Energy Corp New (NYSE:VLO) by 49,800 shares in the quarter, leaving it with 29,767 shares, and cut its stake in Logmein Inc (NASDAQ:LOGM).

More notable recent Pier 1 Imports Inc (NYSE:PIR) news were published by: Seekingalpha.com which released: “Pier 1 Imports: Where Have The Customers Gone?” on July 10, 2017, also Seekingalpha.com with their article: “Pier 1 Earnings Preview” published on June 27, 2017, Investorplace.com published: “Why You Shouldn’t Count Pier 1 Imports Inc (PIR) Stock Out Yet” on June 29, 2017. More interesting news about Pier 1 Imports Inc (NYSE:PIR) were released by: Fool.com and their article: “Why Pier 1 Imports, Fred’s, and Physicians Realty Trust Slumped Today” published on June 29, 2017 as well as Thestreet.com‘s news article titled: “In Other Words, Amazon Will Also Crush Pier 1 Imports” with publication date: July 07, 2017.

Pier 1 Imports Inc (NYSE:PIR) Ratings Coverage

Among 21 analysts covering Pier 1 Imports (NYSE:PIR), 6 have Buy rating, 4 Sell and 11 Hold. Therefore 29% are positive. Pier 1 Imports has $15.0 highest and $3.50 lowest target. $8.72’s average target is 82.43% above currents $4.78 stock price. Pier 1 Imports had 43 analyst reports since August 25, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 19 by Jefferies. Telsey Advisory Group maintained the stock with “Market Perform” rating in Thursday, December 15 report. The rating was downgraded by Deutsche Bank on Thursday, December 17 to “Sell”. The stock has “Market Perform” rating by Telsey Advisory Group on Tuesday, December 15. Loop Capital initiated the shares of PIR in report on Wednesday, January 4 with “Buy” rating. The firm earned “Market Perform” rating on Friday, September 25 by Telsey Advisory Group. The stock of Pier 1 Imports Inc (NYSE:PIR) earned “Peer Perform” rating by Wolfe Research on Thursday, June 23. As per Thursday, September 8, the company rating was downgraded by Credit Suisse. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, June 30. The rating was downgraded by Raymond James to “Mkt Perform” on Thursday, September 8.

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