Squarepoint Ops LLC Grows Stock Holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Squarepoint Ops LLC raised its holdings in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 225.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,178 shares of the company's stock after buying an additional 114,353 shares during the period. Squarepoint Ops LLC owned about 0.44% of Sportsman's Warehouse worth $441,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

SPWH has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating and set a $4.00 price objective (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday. Roth Mkm dropped their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective on the stock in a report on Wednesday, April 2nd. Finally, Roth Capital reaffirmed a "buy" rating and issued a $3.00 price objective (up from $2.50) on shares of Sportsman's Warehouse in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $3.00.

Sportsman's Warehouse Price Performance

NASDAQ:SPWH traded up $0.39 during trading hours on Friday, reaching $3.02. 3,178,930 shares of the company were exchanged, compared to its average volume of 1,012,477. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average is $1.81 and its 200-day moving average is $1.87. The firm has a market cap of $115.72 million, a PE ratio of -3.43 and a beta of 0.45. Sportsman's Warehouse Holdings, Inc. has a twelve month low of $0.92 and a twelve month high of $3.37.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, topping analysts' consensus estimates of ($0.48) by $0.07. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The business had revenue of $249.10 million for the quarter, compared to analyst estimates of $238.25 million. During the same period last year, the company posted ($0.47) EPS. On average, sell-side analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard D. Mcbee bought 75,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $2.68 per share, for a total transaction of $201,000.00. Following the acquisition, the director now owns 339,886 shares of the company's stock, valued at approximately $910,894.48. This trade represents a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company's stock.

About Sportsman's Warehouse

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.