Conn’s, Inc. (CONN) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC boosted its stake in shares of Conn’s, Inc. (NASDAQ:CONN) by 10.2% during the first quarter, Holdings Channel reports. The firm owned 75,778 shares of the specialty retailer’s stock after buying an additional 7,040 shares during the period. SG Americas Securities LLC’s holdings in Conn’s were worth $663,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Conn’s by 839.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,138 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 14,421 shares during the period. Ellington Management Group LLC purchased a new stake in shares of Conn’s during the fourth quarter valued at $311,000. American Assets Investment Management LLC boosted its stake in shares of Conn’s by 33.3% in the first quarter. American Assets Investment Management LLC now owns 40,000 shares of the specialty retailer’s stock valued at $350,000 after buying an additional 10,000 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Conn’s by 66.7% in the first quarter. Hodges Capital Management Inc. now owns 50,000 shares of the specialty retailer’s stock valued at $437,000 after buying an additional 20,000 shares during the period. Finally, Putnam Investments LLC purchased a new stake in shares of Conn’s during the fourth quarter valued at $521,000. 61.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Conn’s, Inc. (NASDAQ CONN) opened at 18.95 on Tuesday. The firm’s market cap is $587.70 million. Conn’s, Inc. has a 12-month low of $6.54 and a 12-month high of $19.95. The firm’s 50-day moving average is $17.35 and its 200-day moving average is $12.82.
Conn’s (NASDAQ:CONN) last announced its earnings results on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.17. Conn’s had a negative return on equity of 0.72% and a negative net margin of 1.18%. The company had revenue of $355.80 million for the quarter, compared to analyst estimates of $357.53 million. During the same period in the prior year, the company posted ($0.31) EPS. Conn’s’s quarterly revenue was down 8.6% on a year-over-year basis. Equities analysts expect that Conn’s, Inc. will post $0.49 earnings per share for the current fiscal year.
Several analysts recently weighed in on CONN shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $19.00) on shares of Conn’s in a report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Conn’s in a report on Tuesday, June 6th. ValuEngine raised shares of Conn’s from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. KeyCorp raised shares of Conn’s from a “sector weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a report on Tuesday, April 25th. Finally, Zacks Investment Research cut shares of Conn’s from a “hold” rating to a “strong sell” rating in a report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Conn’s currently has a consensus rating of “Buy” and an average price target of $20.67.
In other Conn’s news, insider Brian Daly bought 7,400 shares of the business’s stock in a transaction on Thursday, April 20th. The shares were bought at an average cost of $13.52 per share, with a total value of $100,048.00. Following the transaction, the insider now directly owns 26,652 shares in the company, valued at approximately $360,335.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Haworth sold 7,392 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $19.34, for a total value of $142,961.28. Following the completion of the transaction, the director now directly owns 4,425 shares in the company, valued at $85,579.50. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.
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