Quinn Opportunity Partners LLC Has $298,000 Stake in Vestis Corporation $VSTS

Quinn Opportunity Partners LLC grew its holdings in Vestis Corporation (NYSE:VSTS) by 23.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Vestis were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ascent Group LLC bought a new stake in shares of Vestis in the second quarter valued at approximately $59,000. HB Wealth Management LLC bought a new position in shares of Vestis during the 2nd quarter worth about $65,000. Los Angeles Capital Management LLC bought a new position in shares of Vestis during the 2nd quarter worth about $67,000. Ethic Inc. acquired a new position in shares of Vestis during the second quarter valued at about $74,000. Finally, Brighton Jones LLC bought a new stake in shares of Vestis in the second quarter valued at about $89,000. Institutional investors own 97.40% of the company’s stock.

Vestis Stock Up 0.8%

Shares of VSTS opened at $5.42 on Thursday. The company has a market capitalization of $713.91 million, a P/E ratio of -23.54 and a beta of 0.98. Vestis Corporation has a one year low of $3.98 and a one year high of $17.83. The business’s 50 day simple moving average is $4.77 and its 200-day simple moving average is $5.56. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.84 and a quick ratio of 1.42.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VSTS shares. JPMorgan Chase & Co. lowered their price target on Vestis from $6.00 to $5.50 and set an “underweight” rating on the stock in a research note on Thursday, August 7th. Wall Street Zen upgraded Vestis from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Vestis in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Vestis presently has a consensus rating of “Strong Sell” and an average target price of $9.13.

Vestis Company Profile

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.