Summer Infant, Inc. (SUMR) Reaches $1.14 Yearly Low; Price Michael F Has Lowered By $2.04 Million Its Citizens Financial Group (CFG) Stake

February 15, 2018 - By Stephen Andrade

The stock of Summer Infant, Inc. (NASDAQ:SUMR) hit a new 52-week low and has $1.05 target or 8.00% below today’s $1.14 share price. The 9 months bearish chart indicates high risk for the $21.22 million company. The 1-year low was reported on Feb, 15 by Barchart.com. If the $1.05 price target is reached, the company will be worth $1.70M less. The stock decreased 1.72% or $0.02 during the last trading session, reaching $1.14. About 76,070 shares traded or 157.77% up from the average. Summer Infant, Inc. (NASDAQ:SUMR) has risen 12.90% since February 15, 2017 and is uptrending. It has underperformed by 3.80% the S&P500.

Price Michael F decreased Citizens Financial Group (CFG) stake by 23.91% reported in 2017Q3 SEC filing. Price Michael F sold 55,000 shares as Citizens Financial Group (CFG)’s stock declined 8.64%. The Price Michael F holds 175,000 shares with $6.63 million value, down from 230,000 last quarter. Citizens Financial Group now has $22.59B valuation. The stock increased 0.15% or $0.07 during the last trading session, reaching $45.92. About 1.86M shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since February 15, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

Summer Infant, Inc., together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company has market cap of $21.22 million. The firm markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names. It currently has negative earnings. The Company’s products include audio, video, and Internet viewable monitors; gates, bedrails, baby proofing, potties, bath products, positioners, and infant health products; nursery products, such as wearable blankets, sleep aides and soothers, travel accessories, and swaddles; baby gear products, including strollers, bassinets, high chairs, and playards; and feeding products comprising bottles, drinking cups, bibs and placemats, electronics, and pacifiers.

Analysts await Summer Infant, Inc. (NASDAQ:SUMR) to report earnings on February, 28. They expect $0.04 earnings per share, up 150.00% or $0.12 from last year’s $-0.08 per share. SUMR’s profit will be $744,561 for 7.13 P/E if the $0.04 EPS becomes a reality. After $0.02 actual earnings per share reported by Summer Infant, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Investors sentiment increased to 2.29 in 2017 Q3. Its up 0.79, from 1.5 in 2017Q2. It improved, as 1 investors sold Summer Infant, Inc. shares while 6 reduced holdings. 10 funds opened positions while 6 raised stakes. 9.23 million shares or 4.41% more from 8.84 million shares in 2017Q2 were reported. Rmb Capital Management Limited Company owns 10,000 shares. Moreover, Kennedy Capital Management has 0.01% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 291,925 shares. Blackrock Incorporated reported 0% in Summer Infant, Inc. (NASDAQ:SUMR). Deutsche National Bank & Trust Ag holds 0% or 40,600 shares in its portfolio. Raymond James Svcs Advisors Inc has 141,331 shares for 0% of their portfolio. Geode Management Lc, a Massachusetts-based fund reported 71,771 shares. Northern Tru owns 0% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 15,635 shares. Ancora Advisors Limited Liability Corp has invested 0.02% in Summer Infant, Inc. (NASDAQ:SUMR). Wynnefield Capital reported 6.42M shares stake. Tower Capital Limited Com (Trc) holds 91 shares. Millennium Mngmt Limited reported 0% of its portfolio in Summer Infant, Inc. (NASDAQ:SUMR). Quantum Cap Mgmt has 0.1% invested in Summer Infant, Inc. (NASDAQ:SUMR) for 227,936 shares. Price T Rowe Associate Md has invested 0% in Summer Infant, Inc. (NASDAQ:SUMR). Boston Ptnrs invested in 0% or 23,800 shares. Panagora Asset Mngmt Incorporated invested 0% in Summer Infant, Inc. (NASDAQ:SUMR).

Among 26 analysts covering Citizens Financial Group (NYSE:CFG), 12 have Buy rating, 3 Sell and 11 Hold. Therefore 46% are positive. Citizens Financial Group had 82 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Friday, September 15 report. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, November 14. The firm earned “Sell” rating on Thursday, August 27 by Zacks. The rating was upgraded by Bernstein to “Outperform” on Thursday, September 14. As per Monday, October 12, the company rating was upgraded by Ladenburg Thalmann. Bank of America initiated the stock with “Buy” rating in Monday, August 10 report. Wedbush upgraded Citizens Financial Group, Inc. (NYSE:CFG) on Monday, May 1 to “Outperform” rating. Citigroup upgraded the shares of CFG in report on Monday, October 12 to “Buy” rating. The stock has “Neutral” rating by Citigroup on Tuesday, November 8. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 23 report.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.01, from 1 in 2017Q2. It increased, as 50 investors sold CFG shares while 178 reduced holdings. 55 funds opened positions while 175 raised stakes. 468.84 million shares or 1.38% less from 475.38 million shares in 2017Q2 were reported. Price T Rowe Assocs Md holds 5.33 million shares or 0.03% of its portfolio. Dnb Asset Management As accumulated 156,577 shares or 0.08% of the stock. 23.55M were accumulated by Invesco. Hussman Strategic Advsrs owns 50,000 shares or 0.46% of their US portfolio. Legg Mason Asset Mngmt (Japan) stated it has 38,600 shares or 0.86% of all its holdings. Moreover, Rhumbline Advisers has 0.08% invested in Citizens Financial Group, Inc. (NYSE:CFG). Advisory Ser Networks Ltd Company owns 1,815 shares. Asset Mngmt Inc holds 0.06% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG) for 44,898 shares. 96,381 were reported by Rafferty Asset Mngmt Ltd Co. Nationwide Fund Advsrs holds 0.07% or 481,230 shares. Trust Of Vermont holds 0% or 140 shares in its portfolio. Leuthold Limited Company reported 0.41% stake. State Of New Jersey Common Pension Fund D has 300,000 shares for 0.05% of their portfolio. Ohio-based Victory has invested 0.59% in Citizens Financial Group, Inc. (NYSE:CFG). Foundry Prtn Limited Liability accumulated 0.59% or 393,250 shares.

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