Great Lakes Advisors LLC Sells 2,211 Shares of Torrid Holdings Inc. (NYSE:CURV)

Great Lakes Advisors LLC decreased its holdings in shares of Torrid Holdings Inc. (NYSE:CURV) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,905 shares of the company’s stock after selling 2,211 shares during the period. Great Lakes Advisors LLC’s holdings in Torrid were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CURV. Barclays PLC raised its stake in shares of Torrid by 354.5% in the third quarter. Barclays PLC now owns 17,416 shares of the company’s stock valued at $69,000 after acquiring an additional 13,584 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Torrid by 125.2% in the third quarter. JPMorgan Chase & Co. now owns 20,776 shares of the company’s stock valued at $82,000 after acquiring an additional 11,551 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Torrid by 10.9% in the fourth quarter. Rhumbline Advisers now owns 17,213 shares of the company’s stock valued at $90,000 after acquiring an additional 1,685 shares during the last quarter. Maven Securities LTD bought a new position in shares of Torrid in the third quarter valued at approximately $98,000. Finally, Quadrature Capital Ltd bought a new position in shares of Torrid in the third quarter valued at approximately $104,000. Institutional investors own 81.82% of the company’s stock.

Torrid Stock Performance

CURV opened at $5.42 on Tuesday. The company has a fifty day moving average price of $6.11 and a two-hundred day moving average price of $4.96. Torrid Holdings Inc. has a 52 week low of $2.18 and a 52 week high of $9.14. The firm has a market capitalization of $567.57 million, a PE ratio of 36.12, a P/E/G ratio of 1.03 and a beta of 1.99.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CURV. Bank of America began coverage on shares of Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 price target for the company. The Goldman Sachs Group raised their price target on shares of Torrid from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Morgan Stanley raised their price target on shares of Torrid from $3.00 to $4.00 and gave the company an “underweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 price target on shares of Torrid in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Torrid currently has an average rating of “Hold” and an average price target of $4.63.

About Torrid

Torrid Holdings Inc operates in women’s plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.