Falcon Point Capital LLC acquired a new position in shares of Conn’s, Inc. (NASDAQ:CONN) during the second quarter, Holdings Channel reports. The firm acquired 38,422 shares of the specialty retailer’s stock, valued at approximately $734,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CONN. Metropolitan Life Insurance Co. NY raised its position in 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 worth $204,000 after buying an additional 14,421 shares in the last quarter. Point72 Asset Management L.P. raised its position in Conn’s by 77.5% in the first quarter. Point72 Asset Management L.P. now owns 400,000 shares of the specialty retailer’s stock worth $3,500,000 after buying an additional 174,600 shares in the last quarter. Bank of Montreal Can acquired a new position in Conn’s during the first quarter worth approximately $875,000. Stephens Inc. AR raised its position in Conn’s by 85.5% in the first quarter. Stephens Inc. AR now owns 376,350 shares of the specialty retailer’s stock worth $3,293,000 after buying an additional 173,416 shares in the last quarter. Finally, UBS Group AG raised its position in Conn’s by 1.8% in the first quarter. UBS Group AG now owns 82,122 shares of the specialty retailer’s stock worth $719,000 after buying an additional 1,431 shares in the last quarter. Institutional investors own 62.58% of the company’s stock.

Conn’s, Inc. (NASDAQ:CONN) opened at 20.80 on Friday. The firm’s market capitalization is $645.07 million. Conn’s, Inc. has a 1-year low of $6.55 and a 1-year high of $23.75. The firm has a 50-day moving average of $20.30 and a 200-day moving average of $14.80.

Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.17. Conn’s had a negative net margin of 1.18% and a negative return on equity of 0.72%. The business had revenue of $355.80 million for the quarter, compared to analysts’ expectations of $357.53 million. During the same quarter last year, the company earned ($0.31) EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts expect that Conn’s, Inc. will post $0.49 earnings per share for the current year.

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A number of research analysts have commented on CONN shares. Zacks Investment Research lowered shares of Conn’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine upgraded shares of Conn’s from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Conn’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of Conn’s in a research note on Wednesday, June 7th. Finally, KeyCorp upgraded shares of Conn’s from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.

In other news, major shareholder W. R. Jr. Stephens acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were acquired at an average price of $18.85 per share, with a total value of $226,200.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas H. Martin acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average cost of $17.83 per share, for a total transaction of $178,300.00. The disclosure for this purchase can be found here. 3.48% of the stock is owned by company insiders.

About Conn’s

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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Institutional Ownership by Quarter for Conn`s (NASDAQ:CONN)

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