Connor Clark & Lunn Investment Management Ltd. Invests $168,000 in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 61,818 shares of the company’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPWH. Vanguard Group Inc. grew its holdings in shares of Sportsman’s Warehouse by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after purchasing an additional 33,976 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Sportsman’s Warehouse by 665.0% during the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after buying an additional 473,212 shares in the last quarter. Skylands Capital LLC raised its stake in shares of Sportsman’s Warehouse by 44.6% in the second quarter. Skylands Capital LLC now owns 194,000 shares of the company’s stock valued at $468,000 after acquiring an additional 59,800 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Sportsman’s Warehouse by 11.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 175,231 shares of the company’s stock worth $422,000 after acquiring an additional 18,192 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Sportsman’s Warehouse during the 2nd quarter worth approximately $384,000. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. B. Riley decreased their price target on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Roth Mkm dropped their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Craig Hallum decreased their price objective on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Lake Street Capital lowered their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Four investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2.80.

Insiders Place Their Bets

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

Sportsman’s Warehouse Stock Performance

NASDAQ:SPWH opened at $2.14 on Monday. The company has a market cap of $81.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.66. The stock has a fifty day moving average price of $2.57 and a 200-day moving average price of $2.57. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The business 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%. As a group, equities analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current fiscal year.

Sportsman’s Warehouse Profile

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.