Charles Schwab Investment Management Inc. Lowers Holdings in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Charles Schwab Investment Management Inc. reduced its stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 53.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,227 shares of the company’s stock after selling 94,686 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Sportsman’s Warehouse worth $222,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its stake in Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after purchasing an additional 174,858 shares during the period. Portolan Capital Management LLC acquired a new stake in shares of Sportsman’s Warehouse during the 3rd quarter worth $2,565,000. Jane Street Group LLC raised its position in shares of Sportsman’s Warehouse by 16.6% in the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after buying an additional 32,073 shares during the period. XTX Topco Ltd acquired a new position in Sportsman’s Warehouse in the third quarter valued at $107,000. Finally, Barclays PLC grew its position in Sportsman’s Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after acquiring an additional 38,038 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Stock Down 2.9 %

Shares of Sportsman’s Warehouse stock opened at $0.97 on Wednesday. Sportsman’s Warehouse Holdings, Inc. has a twelve month low of $0.92 and a twelve month high of $4.44. The stock has a market cap of $36.63 million, a price-to-earnings ratio of -1.10 and a beta of 0.53. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $1.53 and a 200 day moving average price of $2.17.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. Equities research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.