Campbell & CO Investment Adviser LLC Purchases New Shares in Conn’s Inc (NASDAQ:CONN)

Campbell & CO Investment Adviser LLC purchased a new stake in Conn’s Inc (NASDAQ:CONN) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 23,570 shares of the specialty retailer’s stock, valued at approximately $292,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its holdings in Conn’s by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 68,654 shares of the specialty retailer’s stock valued at $1,706,000 after purchasing an additional 930 shares in the last quarter. 6 Meridian lifted its holdings in Conn’s by 23.8% in the 4th quarter. 6 Meridian now owns 14,264 shares of the specialty retailer’s stock valued at $177,000 after purchasing an additional 2,743 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Conn’s by 12.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 44,833 shares of the specialty retailer’s stock valued at $1,115,000 after purchasing an additional 4,855 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Conn’s by 12.6% in the 3rd quarter. California Public Employees Retirement System now owns 48,531 shares of the specialty retailer’s stock valued at $1,206,000 after purchasing an additional 5,437 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Conn’s by 75.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,656 shares of the specialty retailer’s stock valued at $364,000 after purchasing an additional 6,316 shares in the last quarter. 72.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CONN stock opened at $8.85 on Tuesday. The stock’s fifty day moving average is $11.67 and its two-hundred day moving average is $19.61. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.76 and a current ratio of 4.92. The firm has a market capitalization of $263.16 million, a P/E ratio of 3.35, a PEG ratio of 0.18 and a beta of 1.81. Conn’s Inc has a fifty-two week low of $8.85 and a fifty-two week high of $27.57.

Conn’s (NASDAQ:CONN) last posted its quarterly earnings results on Tuesday, December 10th. The specialty retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. Conn’s had a return on equity of 13.89% and a net margin of 5.37%. The business had revenue of $377.70 million for the quarter, compared to analyst estimates of $394.29 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Conn’s Inc will post 2.25 earnings per share for the current year.

A number of brokerages have weighed in on CONN. ValuEngine upgraded Conn’s from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Zacks Investment Research lowered Conn’s from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. BidaskClub lowered Conn’s from a “sell” rating to a “strong sell” rating in a report on Saturday, December 7th. Stifel Nicolaus lowered Conn’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $31.00 to $15.00 in a report on Wednesday, December 11th. Finally, TheStreet lowered Conn’s from a “b-” rating to a “c+” rating in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Conn’s presently has a consensus rating of “Hold” and a consensus price target of $25.50.

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 furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.

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Institutional Ownership by Quarter for Conn`s (NASDAQ:CONN)

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