Iconix Brand Group (ICON) Trading Up 6.7%

Iconix Brand Group, Inc. (NASDAQ:ICON)’s share price was up 6.7% on Tuesday . The company traded as high as $0.17 and last traded at $0.16. Approximately 603,252 shares changed hands during trading, a decline of 48% from the average daily volume of 1,162,726 shares. The stock had previously closed at $0.15.

The company has a market capitalization of $12.18 million, a price-to-earnings ratio of 0.53 and a beta of 2.38.

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Large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Iconix Brand Group during the second quarter worth approximately $147,000. Renaissance Technologies LLC increased its position in shares of Iconix Brand Group by 1,020.2% in the third quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock worth $208,000 after acquiring an additional 612,121 shares in the last quarter. Vanguard Group Inc increased its position in shares of Iconix Brand Group by 17.9% in the third quarter. Vanguard Group Inc now owns 4,461,444 shares of the brand management company’s stock worth $1,384,000 after acquiring an additional 676,877 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Iconix Brand Group by 17.9% in the third quarter. Vanguard Group Inc. now owns 4,461,444 shares of the brand management company’s stock worth $1,384,000 after acquiring an additional 676,877 shares in the last quarter. 19.76% of the stock is currently owned by institutional investors.

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About Iconix Brand Group (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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