Somnigroup International Inc. $SGI Stock Holdings Lessened by Artemis Investment Management LLP

Key Points

• Artemis Investment Management cut its Somnigroup International stake by 94.9% in the third quarter, selling 970,249 shares and retaining 52,506 shares worth approximately $3.26 million. Institutional investors collectively own 99.86% of SGI.
• Analyst sentiment remains favorable, with eight analysts rating the stock a Buy and two assigning a Hold rating. The consensus rating is “Moderate Buy,” with a $95 average price target; Piper Sandler recently raised its target to $100.
• SGI shares opened at $62.46, near their 12-month low, after the company reported quarterly EPS of $0.58 on $1.82 billion in revenue. Somnigroup also maintains a quarterly dividend of $0.17 per share, equivalent to a 1.1% annual yield.

Artemis Investment Management LLP reduced its position in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) by 94.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 52,506 shares of the company's stock after selling 970,249 shares during the quarter. Artemis Investment Management LLP's holdings in Somnigroup International were worth $3,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP purchased a new position in shares of Somnigroup International in the 2nd quarter worth approximately $31,000. Hilton Head Capital Partners LLC bought a new position in Somnigroup International during the 4th quarter valued at about $42,000. Danske Bank A S purchased a new stake in Somnigroup International in the 2nd quarter worth about $39,000. Transamerica Financial Advisors LLC purchased a new stake in Somnigroup International in the 2nd quarter worth about $45,000. Finally, SHP Wealth Management bought a new stake in Somnigroup International in the fourth quarter worth about $52,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the acquisition, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Somnigroup International in a report on Friday, August 21st. Wall Street Zen upgraded Somnigroup International from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Zacks Research upgraded Somnigroup International from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Morgan Stanley began coverage on shares of Somnigroup International in a research note on Monday, July 27th. They set an "overweight" rating and a $95.00 target price for the company. Finally, Piper Sandler restated an "overweight" rating and issued a $100.00 price target (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Somnigroup International currently has an average rating of "Moderate Buy" and a consensus target price of $95.00.

Somnigroup International Price Performance

Shares of SGI stock opened at $62.46 on Friday. Somnigroup International Inc. has a twelve month low of $60.08 and a twelve month high of $98.56. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $65.02 and a two-hundred day simple moving average of $70.31. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.01 and a beta of 1.24.

Somnigroup International (NYSE:SGI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts predict that Somnigroup International Inc. will post 3.11 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Somnigroup International's dividend payout ratio (DPR) is currently 27.20%.

Somnigroup International Company Profile

Somnigroup International Inc is a global bedding company that designs, manufactures, distributes and sells mattresses, foundations, pillows, adjustable bases and other sleep-related products. The company serves consumers through wholesale distribution, company-operated and third-party retail locations, e-commerce platforms and hospitality channels.

Its portfolio includes well-known brands such as Tempur-Pedic, Sealy and Stearns & Foster, as well as products sold through the Mattress Firm retail banner.

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