Mackenzie Financial Corp Has $339,000 Position in Retail Value Inc (NYSE:RVI)

Mackenzie Financial Corp lowered its position in shares of Retail Value Inc (NYSE:RVI) by 24.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,754 shares of the company’s stock after selling 3,157 shares during the quarter. Mackenzie Financial Corp’s holdings in Retail Value were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RVI. BlackRock Inc. grew its holdings in Retail Value by 39.7% during the second quarter. BlackRock Inc. now owns 1,324,626 shares of the company’s stock valued at $46,094,000 after purchasing an additional 376,649 shares during the period. Indaba Capital Management L.P. grew its holdings in Retail Value by 36.2% during the second quarter. Indaba Capital Management L.P. now owns 908,108 shares of the company’s stock valued at $31,602,000 after purchasing an additional 241,598 shares during the period. Renaissance Technologies LLC acquired a new position in Retail Value during the second quarter valued at approximately $3,438,000. Nuveen Asset Management LLC acquired a new position in Retail Value during the second quarter valued at approximately $3,048,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Retail Value by 25.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 217,982 shares of the company’s stock valued at $7,586,000 after purchasing an additional 43,820 shares during the period. Hedge funds and other institutional investors own 67.26% of the company’s stock.

A number of research analysts recently issued reports on RVI shares. Morgan Stanley cut shares of Retail Value from an “overweight” rating to an “equal weight” rating and set a $38.00 price objective for the company. in a report on Friday, August 2nd. They noted that the move was a valuation call. ValuEngine cut shares of Retail Value from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Retail Value from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, August 22nd.

In other news, major shareholder Katharina Otto-Bernstein sold 13,040 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $36.88, for a total value of $480,915.20. Insiders sold 581,035 shares of company stock valued at $21,655,421 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Retail Value stock opened at $36.66 on Friday. The stock has a market capitalization of $699.98 million, a PE ratio of 30.87 and a beta of 1.44. Retail Value Inc has a twelve month low of $24.50 and a twelve month high of $38.59. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average of $37.19 and a 200-day moving average of $35.08.

Retail Value (NYSE:RVI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $60.89 million during the quarter. Retail Value had a net margin of 8.64% and a return on equity of 3.30%. Equities analysts anticipate that Retail Value Inc will post -1.09 EPS for the current fiscal year.

Retail Value Profile

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets.

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Institutional Ownership by Quarter for Retail Value (NYSE:RVI)

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