The actions of The Port of Liverpoolthe chain of department stores in Mexico, fell 4.48% this Monday in the Mexican stock exchange (BMV) to trade at 93 pesos, one session after having announced cash investment in NordstromAmerica’s luxury department store chain.
On Friday, after the market closed, the company that operates the Liverpool and suburbia reported an investment of 5.9 billion pesos to acquire 9.90% of the outstanding shares of the US firm.
Liverpool said that the resources used in this operation were the available cash flow, which, according to its report for the second quarter of this year, had a cash balance of 23,557 million pesos.
On the other hand, the actions of Nordstrom They advance 1.69% on the New York Stock Exchange (NYSE), to be sold at 19.22 dollars each.
According to information from MarketBeat, currently, 59.36% of Nordstrom shares are owned by hedge funds and other institutional investors.
Some institutional investors such as Federated Hermes Inc. increased their position in the American department store chain by 24.8%, during the second quarter of the year, with which it owns 521,539 shares.
Cordatus Wealth Management LLC acquired a new stake, valued at approximately $811,000; International Assets Investment Management LLC purchased shares for approximately $202,000, both in the second quarter of this year.
