GAMMA Investing LLC Acquires 1,664 Shares of Sleep Number Co. (NASDAQ:SNBR)

GAMMA Investing LLC lifted its holdings in shares of Sleep Number Co. (NASDAQ:SNBR) by 28.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,443 shares of the company’s stock after acquiring an additional 1,664 shares during the period. GAMMA Investing LLC’s holdings in Sleep Number were worth $113,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNBR. Bank of New York Mellon Corp lifted its holdings in shares of Sleep Number by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,776 shares of the company’s stock worth $821,000 after acquiring an additional 5,550 shares during the period. Rhumbline Advisers lifted its holdings in shares of Sleep Number by 9.8% during the 2nd quarter. Rhumbline Advisers now owns 37,659 shares of the company’s stock worth $360,000 after acquiring an additional 3,350 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Sleep Number by 135.3% during the 2nd quarter. Acadian Asset Management LLC now owns 235,305 shares of the company’s stock worth $2,249,000 after acquiring an additional 135,284 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Sleep Number during the 2nd quarter worth about $899,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Sleep Number during the 2nd quarter worth about $195,000. 85.67% of the stock is owned by institutional investors.

Sleep Number Stock Down 0.7 %

Shares of Sleep Number stock opened at $14.97 on Friday. The stock has a market capitalization of $334.89 million, a P/E ratio of -8.27 and a beta of 2.07. The company has a 50-day simple moving average of $15.64 and a 200 day simple moving average of $14.21. Sleep Number Co. has a 12-month low of $8.13 and a 12-month high of $20.75.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNBR. Piper Sandler dropped their target price on shares of Sleep Number from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday.

Insider Buying and Selling at Sleep Number

In related news, major shareholder Stadium Capital Management Llc acquired 59,011 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $13.83 per share, for a total transaction of $816,122.13. Following the transaction, the insider now owns 1,920,000 shares of the company’s stock, valued at $26,553,600. The trade was a 3.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 169,373 shares of company stock worth $2,305,052. 6.80% of the stock is currently owned by corporate insiders.

Sleep Number Company Profile

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.