SG Americas Securities LLC Invests $210,000 in Sleep Number Co. (NASDAQ:SNBR)

SG Americas Securities LLC purchased a new position in Sleep Number Co. (NASDAQ:SNBR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,445 shares of the company’s stock, valued at approximately $210,000. SG Americas Securities LLC owned about 0.05% of Sleep Number as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of Sleep Number in the 2nd quarter worth about $43,000. XTX Topco Ltd bought a new stake in Sleep Number in the 2nd quarter valued at about $128,000. State Board of Administration of Florida Retirement System bought a new stake in Sleep Number in the 1st quarter valued at about $149,000. Susquehanna Fundamental Investments LLC lifted its position in Sleep Number by 6.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 18,791 shares of the company’s stock valued at $180,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its position in Sleep Number by 17.4% in the 2nd quarter. Maverick Capital Ltd. now owns 20,136 shares of the company’s stock valued at $193,000 after purchasing an additional 2,980 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNBR has been the topic of several recent research reports. Piper Sandler lifted their price objective on shares of Sleep Number from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. StockNews.com downgraded shares of Sleep Number from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

Sleep Number Trading Up 0.9 %

SNBR stock opened at $14.45 on Wednesday. Sleep Number Co. has a 52 week low of $8.13 and a 52 week high of $21.96. The company has a market capitalization of $322.61 million, a price-to-earnings ratio of -9.51 and a beta of 2.06. The firm’s 50-day moving average is $15.59 and its two-hundred day moving average is $13.62.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.22. The company had revenue of $408.40 million for the quarter, compared to the consensus estimate of $415.05 million. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. On average, equities research analysts predict that Sleep Number Co. will post -0.13 earnings per share for the current year.

Insider Transactions at Sleep Number

In other Sleep Number news, Director Stephen E. Macadam acquired 43,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $12.35 per share, with a total value of $531,050.00. Following the purchase, the director now directly owns 102,729 shares of the company’s stock, valued at approximately $1,268,703.15. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

About Sleep Number

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.