GSA Capital Partners LLP lowered its stake in Select Comfort Corporation (NASDAQ:SCSS) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,592 shares of the company’s stock after selling 15,415 shares during the quarter. GSA Capital Partners LLP owned about 0.19% of Select Comfort Corporation worth $2,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alps Advisors Inc. lifted its position in Select Comfort Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 19,986 shares of the company’s stock valued at $709,000 after buying an additional 52 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in Select Comfort Corporation by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 50,360 shares of the company’s stock valued at $1,248,000 after buying an additional 180 shares during the last quarter. Mason Street Advisors LLC lifted its position in Select Comfort Corporation by 2.3% in the first quarter. Mason Street Advisors LLC now owns 10,043 shares of the company’s stock valued at $249,000 after buying an additional 223 shares during the last quarter. Monroe Bank & Trust MI lifted its position in Select Comfort Corporation by 1.5% in the first quarter. Monroe Bank & Trust MI now owns 31,961 shares of the company’s stock valued at $792,000 after buying an additional 459 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Select Comfort Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,062 shares of the company’s stock valued at $180,000 after buying an additional 759 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

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A number of research firms have commented on SCSS. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $38.00 target price on shares of Select Comfort Corporation in a research report on Friday, September 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 target price on shares of Select Comfort Corporation in a research report on Thursday, September 7th. BidaskClub cut shares of Select Comfort Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. UBS AG reaffirmed a “sell” rating and issued a $17.00 target price (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Finally, Zacks Investment Research raised shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.33.

In other news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total value of $272,480.00. Following the transaction, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at approximately $2,458,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Hunter Saklad sold 5,100 shares of Select Comfort Corporation stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $33.24, for a total value of $169,524.00. Following the completion of the transaction, the senior vice president now directly owns 39,550 shares in the company, valued at $1,314,642. The disclosure for this sale can be found here. Insiders sold a total of 39,600 shares of company stock worth $1,286,029 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

Shares of Select Comfort Corporation (SCSS) traded down 0.69% during mid-day trading on Wednesday, reaching $28.82. 71,360 shares of the company’s stock were exchanged. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 21.04 and a beta of 0.67. Select Comfort Corporation has a 52 week low of $17.95 and a 52 week high of $36.74. The stock has a 50 day moving average price of $30.92 and a 200 day moving average price of $29.67.

Select Comfort Corporation (NASDAQ:SCSS) last released its quarterly earnings data on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $284.70 million during the quarter, compared to analyst estimates of $300.21 million. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. Equities research analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.

About Select Comfort Corporation

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.

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Institutional Ownership by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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