Two Sigma Advisers LP Takes $501,000 Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Two Sigma Advisers LP purchased a new position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 187,800 shares of the company's stock, valued at approximately $501,000. Two Sigma Advisers LP owned 0.49% of Sportsman's Warehouse as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPWH. Renaissance Technologies LLC purchased a new position in Sportsman's Warehouse during the fourth quarter worth about $857,000. Portolan Capital Management LLC increased its stake in shares of Sportsman's Warehouse by 146.7% during the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after acquiring an additional 1,387,935 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Sportsman's Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock worth $338,000 after acquiring an additional 6,225 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sportsman's Warehouse during the 4th quarter worth about $806,000. Finally, Walleye Capital LLC acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter worth approximately $948,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Activity at Sportsman's Warehouse

In related news, Director Richard D. Mcbee purchased 75,000 shares of the firm's stock in a transaction 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 directly owns 339,886 shares in the company, valued at $910,894.48. The trade was a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

Sportsman's Warehouse Trading Up 14.8%

Shares of Sportsman's Warehouse stock traded up $0.39 during trading hours on Friday, hitting $3.02. The company's stock had a trading volume of 3,178,930 shares, compared to its average volume of 1,012,477. The business has a fifty day moving average of $1.81 and a 200 day moving average of $1.87. Sportsman's Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $3.37. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $115.72 million, a PE ratio of -3.43 and a beta of 0.45.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.07. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The firm had revenue of $249.10 million during the quarter, compared to the consensus estimate of $238.25 million. During the same period in the prior year, the firm earned ($0.47) EPS. As a group, equities analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPWH. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target for the company in a research report on Wednesday, April 2nd. Roth Capital restated a "buy" rating and set a $3.00 price objective (up from $2.50) on shares of Sportsman's Warehouse in a report on Wednesday. Roth Mkm cut their target price on 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. Finally, B. Riley reiterated a "buy" rating and issued a $4.00 target price (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $3.00.

Sportsman's Warehouse 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.