Hook Mill Capital Partners LP Has $43.38 Million Stake in SharkNinja, Inc. $SN

Hook Mill Capital Partners LP increased its holdings in SharkNinja, Inc. (NYSE:SN) by 49.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 438,246 shares of the company’s stock after purchasing an additional 144,527 shares during the quarter. SharkNinja makes up 4.3% of Hook Mill Capital Partners LP’s investment portfolio, making the stock its 8th biggest holding. Hook Mill Capital Partners LP owned approximately 0.31% of SharkNinja worth $43,382,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SN. Cetera Investment Advisers raised its stake in SharkNinja by 18.3% during the first quarter. Cetera Investment Advisers now owns 4,185 shares of the company’s stock worth $349,000 after buying an additional 646 shares during the last quarter. 12 West Capital Management LP acquired a new position in shares of SharkNinja in the 1st quarter valued at about $6,256,000. Nuveen LLC bought a new stake in shares of SharkNinja during the 1st quarter valued at about $15,003,000. Russell Investments Group Ltd. boosted its position in shares of SharkNinja by 86.6% during the 1st quarter. Russell Investments Group Ltd. now owns 65,471 shares of the company’s stock valued at $5,461,000 after purchasing an additional 30,389 shares in the last quarter. Finally, Element Capital Management LLC acquired a new stake in SharkNinja during the first quarter worth approximately $2,534,000. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

SN has been the topic of several research reports. TD Cowen began coverage on shares of SharkNinja in a report on Wednesday. They set a “buy” rating and a $135.00 price objective on the stock. Morgan Stanley set a $110.00 price objective on SharkNinja in a research note on Monday, October 27th. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday. Cowen assumed coverage on shares of SharkNinja in a research note on Wednesday. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a research note on Monday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

SharkNinja Price Performance

SharkNinja stock opened at $112.73 on Friday. The firm has a market capitalization of $15.91 billion, a P/E ratio of 27.83, a PEG ratio of 2.07 and a beta of 1.46. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The business has a fifty day moving average price of $94.77 and a 200-day moving average price of $103.10.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.