Css Industries Inc Bearish Trade Farber Jack decreased Its Position

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Farber Jack Reported reduced Interest in CSS Industries Inc (NYSE:CSS)

Farber Jack filed with SEC a SC 13D/A form about Css Industries Inc. The form can be accessed here: 000002062915000096. As reported by Farber Jack, the filler decreased its stake in the stock by -39.55% for 372,267 shares. Farber Jack currently owns 4.1% of the Consumer Discretionary- stock. This ownership filing was filed because activity on November 12, 2015.

Reasons Why Farber Jack Holds CSS Industries Inc (NYSE:CSS)

Purpose of Transaction

Until July 28, 2015, Jack Farber served as Chairman of the Board of Directors of CSS and he and the other entities identified in Item 5 below, may from time to time engage in transactions involving the acquisition or disposition of Common Stock. Except as set forth in the preceding sentence, Mr. Farber has no plans or proposals that may relate to or would result in any of the actions described in paragraphs (a) through (j) of Item 4.

Css Industries Inc Institutional Sentiment

Latest Security and Exchange filings show 77 investors own Css Industries Inc. The institutional ownership in Q3 2015 is high, at 153.70% of the outstanding shares. This is increased by 6344377 the total institutional shares. 13879350 were the shares owned by these institutional investors. In total 3 funds opened new Css Industries Inc stakes, 25 increased stakes. There were 10 that closed positions and 31 reduced them.

Denali Advisors Llc is an institutional investor bullish on Css Industries Inc, owning 62 shares as of Q3 2015 for less than 0.01% of its portfolio. Chuck Royce Royce & Associates Llc owns 1313187 shares or 0.18% of its portfolio. NY Walthausen & Company have 0.68% of their stock portfolio for 297532 shares. Further, Malaga Cove Capital Llc reported stake worth 0.24% of its US stock portfolio. The NY Adirondack Research & Management Inc owns 97998 shares. Css Industries Inc is 0.99% of the manager’s US portfolio.

Business Profile

CSS Industries, Inc. is a consumer products company primarily engaged in the design, manufacture, procurement, distribution and sale of all occasion and seasonal social expression products, principally to mass market retailers. These all occasion and seasonal products include decorative ribbons and bows, boxed greeting cards, gift tags, gift wrap, gift bags, gift boxes, gift card holders, decorative tissue paper, decorations, classroom exchange Valentines, floral accessories, Easter egg dyes and novelties, craft and educational products, stickers, memory books, stationery, journals, notecards, infant and wedding photo albums, scrapbooks, and other items that commemorate life’s celebrations.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

The institutional sentiment decreased to 0.68 in 2015 Q3. Its down 0.32, from 1 in 2015Q2. The ratio dropped, as 10 funds sold all CSS Industries Inc shares owned while 31 reduced positions. 3 funds bought stakes while 25 increased positions. They now own 13.88 million shares or 83.81% more from 7.55 million shares in 2015Q2.

Adirondack Research & Management Inc. holds 0.99% of its portfolio in CSS Industries Inc for 97,998 shares. Walthausen & Co. Llc owns 297,532 shares or 0.68% of their US portfolio. Moreover, Malaga Cove Capital Llc has 0.24% invested in the company for 11,404 shares. The New York-based Royce & Associates Llc has invested 0.18% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 140,758 shares.

Since September 16, 2015, the stock had 1 insider buy, and 1 sale for $210,511 net activity. Pajic Julie sold 2,350 shares worth $63,826. Matthias Rebecca C bought 10,000 shares worth $274,337.

The stock decreased 0.04% or $0.01 during the last trading session, hitting $27.51. About 29,791 shares traded hands or 44.38% up from the average. CSS Industries Inc (NYSE:CSS) has declined 0.40% since May 8, 2015 and is downtrending. It has outperformed by 2.62% the S&P500.

More notable recent CSS Industries Inc (NYSE:CSS) news were published by: Marketwatch.com which released: “CSS Industries, Inc. Reports Results of Operations for the Three- and Six …” on October 27, 2015, also Businesswire.com with their article: “CSS Industries, Inc. Declares Quarterly Cash Dividend” published on July 28, 2015, Businesswire.com published: “CSS Industries, Inc. Announces Renewal of Revolving Credit Facility” on March 24, 2015. More interesting news about CSS Industries Inc (NYSE:CSS) were released by: Businesswire.com and their article: “CSS Industries, Inc. Announces Acquisition of the Business and Assets of …” published on February 19, 2015 as well as Streetinsider.com‘s news article titled: “CSS Industries, Inc. (CSS) Completes Carson & Gebel Ribbon Acquisition” with publication date: May 19, 2014.

According to Zacks Investment Research, “CSS Industries, Inc. is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, seasonal candles, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties and Easter egg dyes and novelties. CSS provides its retail customers the opportunity to use a single vendor for much of their seasonal product requirements.” Get a free copy of the Zacks research report on CSS Industries Inc (CSS).

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