Y Intercept Hong Kong Ltd Sells 1,802 Shares of Sleep Number Co. (NASDAQ:SNBR)

Y Intercept Hong Kong Ltd reduced its holdings in Sleep Number Co. (NASDAQ:SNBR) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,360 shares of the company’s stock after selling 1,802 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.06% of Sleep Number worth $219,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Olympiad Research LP acquired a new position in shares of Sleep Number in the 4th quarter valued at approximately $221,000. Rhumbline Advisers lifted its stake in Sleep Number by 9.1% in the fourth quarter. Rhumbline Advisers now owns 40,128 shares of the company’s stock valued at $612,000 after buying an additional 3,342 shares in the last quarter. First Dallas Securities Inc. boosted its holdings in shares of Sleep Number by 40.7% in the fourth quarter. First Dallas Securities Inc. now owns 41,500 shares of the company’s stock valued at $632,000 after buying an additional 12,000 shares during the period. Hodges Capital Management Inc. increased its position in shares of Sleep Number by 22.7% during the fourth quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company’s stock worth $18,905,000 after acquiring an additional 229,587 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Sleep Number by 13.4% during the fourth quarter. Inspire Investing LLC now owns 25,917 shares of the company’s stock worth $395,000 after acquiring an additional 3,071 shares during the period. 85.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

Sleep Number Stock Down 0.5 %

NASDAQ:SNBR opened at $12.63 on Wednesday. Sleep Number Co. has a twelve month low of $8.13 and a twelve month high of $20.75. The company has a market cap of $282.55 million, a P/E ratio of -6.98 and a beta of 2.14. The business has a 50 day moving average price of $16.19 and a two-hundred day moving average price of $15.81.

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.