Connor Clark & Lunn Investment Management Ltd. Takes Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,818 shares of the company’s stock, valued at approximately $168,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Sportsman’s Warehouse at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in Sportsman’s Warehouse in the first quarter valued at $85,000. GSA Capital Partners LLP grew its stake in Sportsman’s Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after acquiring an additional 473,212 shares during the last quarter. American Century Companies Inc. increased its holdings in Sportsman’s Warehouse by 32.0% during the 2nd quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock valued at $191,000 after acquiring an additional 19,237 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Sportsman’s Warehouse in the second quarter valued at about $384,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Robert W. Baird cut their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday. B. Riley dropped their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Craig Hallum reduced their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Lake Street Capital lowered their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sportsman’s Warehouse currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Stock Down 2.3 %

SPWH opened at $2.14 on Monday. The stock has a market capitalization of $81.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.66. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $1.81 and a 12 month high of $5.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07. The business has a 50-day moving average of $2.57 and a two-hundred day moving average of $2.57.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $288.73 million for the quarter, compared to analyst estimates of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. On average, research analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Paul Stone purchased 39,920 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the purchase, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 4.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard D. Mcbee bought 20,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $2.55 per share, with a total value of $51,000.00. Following the completion of the acquisition, the director now directly owns 205,608 shares of the company’s stock, valued at $524,300.40. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.