Ancora Advisors LLC Grows Stock Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Ancora Advisors LLC lifted its position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 292.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,914 shares of the company's stock after buying an additional 168,414 shares during the quarter. Ancora Advisors LLC owned about 0.60% of Sportsman's Warehouse worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Portolan Capital Management LLC lifted its stake in shares of Sportsman's Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after purchasing an additional 1,387,935 shares during the period. Marshall Wace LLP lifted its stake in Sportsman's Warehouse by 365.9% in the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after buying an additional 945,438 shares during the period. Walleye Capital LLC bought a new position in shares of Sportsman's Warehouse during the 4th quarter worth approximately $948,000. Renaissance Technologies LLC bought a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at $857,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Sportsman's Warehouse during the 4th quarter valued at $806,000. Institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Stock Performance

Shares of NASDAQ:SPWH traded down $0.03 during trading on Friday, hitting $1.79. 174,509 shares of the company were exchanged, compared to its average volume of 991,125. The company has a market cap of $68.53 million, a PE ratio of -2.03 and a beta of 0.55. Sportsman's Warehouse Holdings, Inc. has a 52-week low of $0.92 and a 52-week high of $4.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The stock has a 50 day moving average of $1.40 and a 200 day moving average of $1.92.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $340.40 million for the quarter, compared to analysts' expectations of $328.67 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, equities research analysts predict that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SPWH. Roth Mkm decreased their price target on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a research note on Wednesday, April 2nd. Finally, B. Riley reissued a "buy" rating and issued a $3.00 price objective (down previously from $4.00) on shares of Sportsman's Warehouse in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sportsman's Warehouse presently has a consensus rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.