Cumberland Partners Ltd raised its stake in Hanesbrands Inc. (NYSE:HBI) by 81.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,538,855 shares of the textile maker’s stock after acquiring an additional 689,305 shares during the period. Hanesbrands makes up 4.2% of Cumberland Partners Ltd’s portfolio, making the stock its 6th largest holding. Cumberland Partners Ltd’s holdings in Hanesbrands were worth $32,178,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Engine Capital Management LLC bought a new stake in Hanesbrands in the 3rd quarter valued at $106,000. QS Investors LLC grew its stake in shares of Hanesbrands by 2.8% in the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after buying an additional 140 shares in the last quarter. Tiedemann Wealth Management LLC grew its stake in shares of Hanesbrands by 12.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 34,254 shares of the textile maker’s stock worth $129,000 after buying an additional 3,787 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Hanesbrands in the 4th quarter worth $134,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Hanesbrands in the 3rd quarter worth $138,000. Institutional investors own 94.94% of the company’s stock.
Hanesbrands Inc. (HBI) opened at $21.96 on Thursday. Hanesbrands Inc. has a 52 week low of $18.90 and a 52 week high of $25.73. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 2.90. The company has a market cap of $7,885.96, a PE ratio of 13.56, a P/E/G ratio of 1.19 and a beta of 0.68.
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Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.
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