Empowered Funds LLC Buys 6,225 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Empowered Funds LLC lifted its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 5.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 126,683 shares of the company’s stock after acquiring an additional 6,225 shares during the period. Empowered Funds LLC’s holdings in Sportsman’s Warehouse were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Portolan Capital Management LLC bought a new position in shares of Sportsman’s Warehouse in the third quarter valued at about $2,565,000. 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 buying an additional 473,212 shares during the last quarter. FMR LLC raised its holdings in Sportsman’s Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after acquiring an additional 174,858 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sportsman’s Warehouse during the third quarter worth approximately $168,000. Finally, XTX Topco Ltd bought a new stake in shares of Sportsman’s Warehouse during the third quarter worth approximately $107,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPWH. B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.00 to $4.00 in a research report on Wednesday, December 11th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ:SPWH opened at $1.76 on Friday. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $1.68 and a 12-month high of $4.44. The company’s 50 day moving average price is $2.20 and its two-hundred day moving average price is $2.36. The firm has a market cap of $66.81 million, a PE ratio of -2.00 and a beta of 0.48. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. Equities research analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Sportsman’s Warehouse Company Profile

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.