Strs Ohio Cuts Stock Position in SharkNinja, Inc. $SN

Strs Ohio decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 15.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,980 shares of the company’s stock after selling 28,994 shares during the quarter. Strs Ohio’s holdings in SharkNinja were worth $16,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aubrey Capital Management Ltd raised its position in SharkNinja by 14.2% in the third quarter. Aubrey Capital Management Ltd now owns 36,300 shares of the company’s stock valued at $3,745,000 after purchasing an additional 4,500 shares during the period. Dynasty Wealth Management LLC acquired a new stake in shares of SharkNinja in the third quarter valued at about $383,000. Americana Partners LLC purchased a new stake in shares of SharkNinja during the 3rd quarter valued at about $204,000. Amalgamated Bank raised its holdings in shares of SharkNinja by 19.3% during the 3rd quarter. Amalgamated Bank now owns 4,988 shares of the company’s stock valued at $515,000 after buying an additional 808 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in SharkNinja by 33.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 4,129 shares of the company’s stock worth $426,000 after acquiring an additional 1,036 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SN shares. Oppenheimer increased their price objective on shares of SharkNinja from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Bank of America lifted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim boosted their price objective on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.67.

SharkNinja Stock Down 0.4%

Shares of NYSE:SN opened at $123.42 on Friday. The firm has a market cap of $17.42 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.41. The company has a fifty day simple moving average of $110.56 and a 200 day simple moving average of $108.29. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $129.19.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.