What’s in Fred's, Inc. (FRED) After Today’s Huge Increase?

April 24, 2018 - By Graig Alexander

Fred's, Inc. (NASDAQ:FRED) Logo

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.78, from 1.56 in 2017Q3. It dived, as 19 investors sold Fred's, Inc. shares while 41 reduced holdings. 15 funds opened positions while 32 raised stakes. 30.95 million shares or 10.65% less from 34.64 million shares in 2017Q3 were reported.
Federated Pa holds 0% of its portfolio in Fred's, Inc. (NASDAQ:FRED) for 5,501 shares. Gam Ag stated it has 0.14% in Fred's, Inc. (NASDAQ:FRED). Millennium holds 0% in Fred's, Inc. (NASDAQ:FRED) or 26,674 shares. Teachers Retirement Of The State Of Kentucky holds 17,700 shares. Deutsche Savings Bank Ag, a Germany-based fund reported 208,155 shares. Barrow Hanley Mewhinney Strauss Limited Liability Company has 0% invested in Fred's, Inc. (NASDAQ:FRED). Texas-based Bridgeway Cap Mngmt Incorporated has invested 0.01% in Fred's, Inc. (NASDAQ:FRED). Kessler Inv Gru Ltd, Indiana-based fund reported 29,762 shares. State Board Of Administration Of Florida Retirement Systems accumulated 0% or 38,465 shares. Price T Rowe Associate Md reported 85,425 shares or 0% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 507,607 shares or 0.03% of the stock. Principal Fincl Group owns 267,841 shares for 0% of their portfolio. 22,396 were reported by Sector Pension Invest Board. Covington Capital has invested 0% in Fred's, Inc. (NASDAQ:FRED). Goldman Sachs Gru, New York-based fund reported 138,370 shares.

Since December 13, 2017, it had 1 insider buy, and 0 sales for $334,900 activity.

The stock of Fred's, Inc. (NASDAQ:FRED) is a huge mover today! The stock increased 7.64% or $0.22 during the last trading session, reaching $3.1. About 883,801 shares traded. Fred's, Inc. (NASDAQ:FRED) has declined 79.84% since April 24, 2017 and is downtrending. It has underperformed by 91.39% the S&P500.
The move comes after 5 months positive chart setup for the $118.51 million company. It was reported on Apr, 24 by Barchart.com. We have $3.26 PT which if reached, will make NASDAQ:FRED worth $5.93 million more.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $118.51 million. The company, through its stores, offers household cleaning supplies, health products, beauty and personal care products, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It currently has negative earnings. It also sells general merchandise to franchised Fred's stores.

Fred's, Inc. (NASDAQ:FRED) Institutional Positions Chart

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