Jane Street Group LLC Buys 32,073 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Jane Street Group LLC raised its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,473 shares of the company’s stock after purchasing an additional 32,073 shares during the quarter. Jane Street Group LLC owned 0.60% of Sportsman’s Warehouse worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPWH. Ground Swell Capital LLC bought a new stake in shares of Sportsman’s Warehouse during the third quarter worth $28,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth $40,000. Abacus Planning Group Inc. bought a new stake in shares of Sportsman’s Warehouse during the third quarter worth $55,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth $146,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sportsman’s Warehouse during the third quarter worth $168,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock opened at $2.49 on Friday. The stock’s fifty day moving average price is $2.40 and its 200-day moving average price is $2.44. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $1.81 and a 12 month high of $4.59. The company has a current ratio of 1.20, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The firm has a market cap of $94.51 million, a P/E ratio of -2.83 and a beta of 0.52.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPWH. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2.00 to $4.00 in a research report on Wednesday, December 11th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Finally, Roth Mkm cut their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

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.