TIG Advisors LLC Takes Position in At Home Group Inc (NYSE:HOME)

TIG Advisors LLC bought a new stake in At Home Group Inc (NYSE:HOME) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 619,920 shares of the financial services provider’s stock, valued at approximately $4,129,000. TIG Advisors LLC owned approximately 0.97% of At Home Group as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HOME. Vanguard Group Inc. lifted its holdings in At Home Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 4,103,960 shares of the financial services provider’s stock worth $27,332,000 after acquiring an additional 79,162 shares during the period. FMR LLC raised its stake in shares of At Home Group by 1.6% in the first quarter. FMR LLC now owns 3,474,140 shares of the financial services provider’s stock valued at $62,048,000 after buying an additional 55,171 shares during the period. BlackRock Inc. raised its stake in shares of At Home Group by 6.4% in the second quarter. BlackRock Inc. now owns 2,816,592 shares of the financial services provider’s stock valued at $18,758,000 after buying an additional 170,645 shares during the period. Morgan Stanley grew its position in shares of At Home Group by 48.5% in the second quarter. Morgan Stanley now owns 1,131,531 shares of the financial services provider’s stock valued at $7,536,000 after purchasing an additional 369,789 shares in the last quarter. Finally, Private Capital Management LLC grew its position in shares of At Home Group by 1.6% in the first quarter. Private Capital Management LLC now owns 1,095,933 shares of the financial services provider’s stock valued at $19,573,000 after purchasing an additional 16,960 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

HOME traded down $0.08 during midday trading on Friday, reaching $9.11. 1,530,980 shares of the company’s stock traded hands, compared to its average volume of 4,586,310. The firm has a fifty day moving average of $6.43 and a two-hundred day moving average of $13.83. The stock has a market capitalization of $595.93 million, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.77 and a beta of 1.23. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.80 and a quick ratio of 0.07. At Home Group Inc has a 52 week low of $4.58 and a 52 week high of $33.97.

At Home Group (NYSE:HOME) last released its quarterly earnings results on Wednesday, September 4th. The financial services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $342.32 million during the quarter, compared to analyst estimates of $343.45 million. At Home Group had a return on equity of 8.62% and a net margin of 5.12%. Sell-side analysts forecast that At Home Group Inc will post 0.69 EPS for the current year.

HOME has been the subject of several recent research reports. Monness Crespi & Hardt reiterated a “buy” rating and issued a $10.00 price target (down from $30.00) on shares of At Home Group in a research report on Friday, June 7th. KeyCorp reduced their price target on At Home Group from $35.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, June 7th. They noted that the move was a valuation call. Gordon Haskett upgraded At Home Group from a “hold” rating to an “accumulate” rating in a research report on Friday, June 7th. Bank of America set a $6.00 price target on At Home Group and gave the company a “sell” rating in a research report on Thursday, September 5th. Finally, Loop Capital boosted their target price on At Home Group to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. At Home Group presently has an average rating of “Hold” and a consensus price target of $15.58.

In related news, major shareholder Clifford Sosin purchased 397,839 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $5.49 per share, for a total transaction of $2,184,136.11. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Norman E. Mcleod purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $7.99 per share, for a total transaction of $31,960.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,222,324 shares of company stock worth $7,055,257 in the last quarter. Company insiders own 9.25% of the company’s stock.

At Home Group Profile

At Home Group Inc operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor décors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.

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Institutional Ownership by Quarter for At Home Group (NYSE:HOME)

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