Conn’s (NASDAQ:CONN) Stock Rating Upgraded by StockNews.com

Conn’s (NASDAQ:CONN) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Conn’s Stock Performance

CONN opened at $4.05 on Friday. The firm has a market capitalization of $99.43 million, a P/E ratio of -1.26 and a beta of 2.42. The stock’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $3.77. The company has a quick ratio of 2.41, a current ratio of 2.58 and a debt-to-equity ratio of 1.93. Conn’s has a 12-month low of $2.55 and a 12-month high of $5.39.

Institutional Trading of Conn’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC acquired a new stake in shares of Conn’s during the 4th quarter worth approximately $1,596,000. AQR Capital Management LLC grew its holdings in shares of Conn’s by 312.3% during the 4th quarter. AQR Capital Management LLC now owns 358,501 shares of the specialty retailer’s stock worth $2,466,000 after purchasing an additional 271,555 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Conn’s by 524.4% during the 4th quarter. Millennium Management LLC now owns 298,096 shares of the specialty retailer’s stock worth $2,051,000 after purchasing an additional 250,358 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Conn’s by 11.6% during the 1st quarter. BlackRock Inc. now owns 2,162,915 shares of the specialty retailer’s stock worth $13,107,000 after purchasing an additional 224,376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Conn’s by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 903,509 shares of the specialty retailer’s stock worth $4,012,000 after purchasing an additional 212,274 shares in the last quarter. Institutional investors and hedge funds own 55.00% of the company’s stock.

Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.