November 16, 2016 - By Hazel Jackson · 0 Comments
Charles & Colvard LTD (NASDAQ:CTHR) institutional sentiment increased to 1 in Q2 2016. Its up 0.11, from 0.89 in 2016Q1. The ratio has improved, as 9 funds started new and increased stock positions, while 9 sold and decreased stock positions in Charles & Colvard LTD. The funds in our partner’s database now own: 4.18 million shares, up from 3.87 million shares in 2016Q1. Also, the number of funds holding Charles & Colvard LTD in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 7 Increased: 5 New Position: 4.
Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels and finished jewelry featuring moissanite. The company has a market cap of $18.53 million. The Company’s divisions are Wholesale, Moissanite.com and Charles & Colvard Direct. It currently has negative earnings. The Firm sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end clients through its operating subsidiaries.
The stock decreased 9.09% or $0.09 on November 15, hitting $0.9. Charles & Colvard, Ltd. (NASDAQ:CTHR) has declined 25.00% since April 14, 2016 and is downtrending. It has underperformed by 29.69% the S&P500.
According to Zacks Investment Research, “Charles and Colvard manufacture, market and distribute moissanite jewels for sale in the worldwide jewelry market. Moissanite, also known by its chemical name, silicon carbide, is a rare, naturally occurring mineral found primarily in meteorites. The Company is the sole manufacturer of scientifically-made moissanite jewels. Their strategy is to create a unique brand image which positions moissanite as a jewel in its own right, distinct from all other jewels based on its fire, brilliance, luster, durability and rarity.”
Goldman Capital Management Inc holds 1.21% of its portfolio in Charles & Colvard, Ltd. for 1.38 million shares. Orca Investment Management Llc owns 302,637 shares or 0.3% of their US portfolio. Moreover, Paragon Capital Management Llc has 0.09% invested in the company for 248,935 shares. The Alabama-based Regions Financial Corp has invested 0.01% in the stock. Amg National Trust Bank, a Colorado-based fund reported 13,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 4 buys, and 0 insider sales for $94,390 net activity.
Charles & Colvard, Ltd., incorporated on June 28, 1995, makes, markets and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s divisions are Wholesale, Moissanite.com and Charles & Colvard Direct. The Firm sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end clients through its operating subsidiaries. The Firm manages its business primarily through its three distribution channels that it uses to sell its product lines, loose jewels and finished jewelry, which included Charles and Colvard Direct, LLC.
More notable recent Charles & Colvard, Ltd. (NASDAQ:CTHR) news were published by: Businesswire.com which released: “Charles & Colvard Appoints Suzanne Miglucci as President and CEO Following …” on November 12, 2015, also Businesswire.com with their article: “Charles & Colvard Forever One Moissanite Launches on Gemvara” published on August 18, 2016, Thestreet.com published: “Charles & Colvard Ltd. Stock Downgraded (CTHR)” on April 30, 2012. More interesting news about Charles & Colvard, Ltd. (NASDAQ:CTHR) were released by: Seekingalpha.com and their article: “Charles & Colvard: Shift Towards A Pull Marketing Strategy Ongoing” published on November 11, 2016 as well as Businesswire.com‘s news article titled: “Charles & Colvard Announces Sale of Main Lulu Avenue® Assets to Yanbal USA, Inc.” with publication date: March 08, 2016.
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By Hazel Jackson