Shell Asset Management Co. Decreases Holdings in SMART Global Holdings, Inc. (NASDAQ:SGH)

Shell Asset Management Co. decreased its holdings in shares of SMART Global Holdings, Inc. (NASDAQ:SGH – Get Rating) by 17.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,600 shares of the company’s stock after selling 2,689 shares during the period. Shell Asset Management Co.’s holdings in SMART Global were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of SGH. Public Employees Retirement System of Ohio raised its position in SMART Global by 65.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,621 shares of the company’s stock worth $26,000 after purchasing an additional 641 shares during the period. CWM LLC raised its holdings in shares of SMART Global by 230.1% during the fourth quarter. CWM LLC now owns 1,928 shares of the company’s stock worth $29,000 after purchasing an additional 1,344 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of SMART Global by 162.9% during the first quarter. Captrust Financial Advisors now owns 2,003 shares of the company’s stock worth $52,000 after purchasing an additional 1,241 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of SMART Global during the third quarter worth $34,000. Finally, Tower Research Capital LLC TRC increased its holdings in SMART Global by 93.8% in the third quarter. Tower Research Capital LLC TRC now owns 3,434 shares of the company’s stock valued at $55,000 after buying an additional 1,662 shares in the last quarter.

SMART Global Trading Up 0.2 %

Shares of SMART Global stock opened at $16.16 on Thursday. The stock has a market cap of $792.97 million, a price-to-earnings ratio of 41.44 and a beta of 1.43. The company has a fifty day simple moving average of $16.10 and a 200-day simple moving average of $16.24. The company has a current ratio of 2.33, a quick ratio of 1.63 and a debt-to-equity ratio of 2.38. SMART Global Holdings, Inc. has a 12-month low of $12.04 and a 12-month high of $25.40.

Analyst Ratings Changes

SGH has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of SMART Global from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, April 5th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of SMART Global in a research note on Wednesday, April 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 target price on shares of SMART Global in a research note on Wednesday, April 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.40.

Insiders Place Their Bets

In other SMART Global news, SVP Thierry Pellegrino sold 2,764 shares of the company’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $15.98, for a total transaction of $44,168.72. Following the completion of the transaction, the senior vice president now owns 74,951 shares in the company, valued at approximately $1,197,716.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

About SMART Global

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SMART Global Holdings, Inc designs and manufactures specialty solutions for the computing, memory, and LED markets. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Memory Solutions, Intelligent Platform Solutions (IPS), and LED Solutions.