Menta Capital LLC grew its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 63.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,754 shares of the company’s stock after purchasing an additional 80,200 shares during the period. Menta Capital LLC owned approximately 0.50% of Sportsman’s Warehouse Holdings worth $1,116,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Sportsman’s Warehouse Holdings by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,928 shares of the company’s stock valued at $573,000 after purchasing an additional 684 shares during the period. Teachers Advisors LLC increased its holdings in shares of Sportsman’s Warehouse Holdings by 11.4% in the fourth quarter. Teachers Advisors LLC now owns 48,195 shares of the company’s stock valued at $453,000 after purchasing an additional 4,940 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Sportsman’s Warehouse Holdings by 35.8% in the second quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock valued at $111,000 after purchasing an additional 5,442 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Sportsman’s Warehouse Holdings by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 149,310 shares of the company’s stock valued at $806,000 after purchasing an additional 5,788 shares during the period. Finally, Credit Suisse AG increased its holdings in shares of Sportsman’s Warehouse Holdings by 25.5% in the first quarter. Credit Suisse AG now owns 33,971 shares of the company’s stock valued at $162,000 after purchasing an additional 6,897 shares during the period. 88.42% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently weighed in on SPWH. TheStreet raised Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a report on Tuesday, May 30th. MKM Partners reissued a “buy” rating and issued a $7.00 price objective on shares of Sportsman’s Warehouse Holdings in a report on Wednesday, August 16th. DA Davidson reaffirmed a “buy” rating and set a $8.00 target price on shares of Sportsman’s Warehouse Holdings in a report on Tuesday, August 15th. Piper Jaffray Companies set a $6.00 target price on Sportsman’s Warehouse Holdings and gave the stock a “hold” rating in a report on Sunday, August 20th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $7.00 target price on shares of Sportsman’s Warehouse Holdings in a report on Thursday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sportsman’s Warehouse Holdings has a consensus rating of “Hold” and an average target price of $6.81.

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ SPWH) opened at 4.41 on Monday. The firm has a market capitalization of $183.90 million, a price-to-earnings ratio of 8.08 and a beta of -0.83. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $3.40 and a 12-month high of $11.16. The company’s 50-day moving average price is $4.19 and its 200 day moving average price is $4.72.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last issued its quarterly earnings results on Thursday, August 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $191.28 million. Sportsman’s Warehouse Holdings had a return on equity of 90.52% and a net margin of 2.94%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, equities research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post $0.63 EPS for the current fiscal year.

In related news, CEO John V. Schaefer sold 608,534 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $5.45, for a total value of $3,316,510.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kay L. Toolson purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average price of $5.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 25,700 shares of company stock worth $116,626 in the last 90 days. 4.15% of the stock is currently owned by insiders.

About Sportsman’s Warehouse Holdings

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

Institutional Ownership by Quarter for Sportsman`s Warehouse Holdings (NASDAQ:SPWH)

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