SG Americas Securities LLC Reduces Stock Holdings in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

SG Americas Securities LLC reduced its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,956 shares of the company’s stock after selling 6,115 shares during the period. SG Americas Securities LLC’s holdings in Sportsman’s Warehouse were worth $204,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG increased its stake in Sportsman’s Warehouse by 145.2% in the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares during the last quarter. Quarry LP grew its position in shares of Sportsman’s Warehouse by 509.1% during the first quarter. Quarry LP now owns 5,476 shares of the company’s stock worth $46,000 after acquiring an additional 4,577 shares during the last quarter. Wolverine Trading LLC purchased a new position in shares of Sportsman’s Warehouse during the third quarter worth approximately $47,000. Ancora Advisors LLC purchased a new position in shares of Sportsman’s Warehouse during the first quarter worth approximately $52,000. Finally, Citigroup Inc. grew its position in shares of Sportsman’s Warehouse by 1,012.3% during the second quarter. Citigroup Inc. now owns 11,279 shares of the company’s stock worth $64,000 after acquiring an additional 10,265 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $3.30 on Friday. The stock has a fifty day moving average price of $3.46 and a 200 day moving average price of $4.17. Sportsman’s Warehouse Holdings, Inc. has a 1-year low of $2.74 and a 1-year high of $7.42. The company has a market cap of $124.15 million, a PE ratio of -4.23 and a beta of 0.76.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Wednesday, April 3rd. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.10. Sportsman’s Warehouse had a negative return on equity of 8.86% and a negative net margin of 2.25%. The firm had revenue of $370.39 million during the quarter, compared to the consensus estimate of $373.61 million. During the same period last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPWH has been the topic of a number of research reports. B. Riley lowered their target price on shares of Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Robert W. Baird lowered their target price on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Finally, StockNews.com upgraded shares of Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.25.

About Sportsman’s Warehouse

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.