StockNews.com Lowers Conn's (NASDAQ:CONN) to Sell

Conn's (NASDAQ:CONN - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.

Conn's Trading Up 1.0 %

Shares of Conn's stock traded up $0.03 during trading on Thursday, hitting $3.14. The stock had a trading volume of 86,742 shares, compared to its average volume of 137,438. The company has a quick ratio of 2.41, a current ratio of 3.38 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $77.09 million, a PE ratio of -0.46 and a beta of 2.42. Conn's has a 1 year low of $2.55 and a 1 year high of $6.00. The stock has a 50 day simple moving average of $4.01 and a 200 day simple moving average of $3.79.

Institutional Investors Weigh In On Conn's

A number of institutional investors have recently bought and sold shares of CONN. Acadian Asset Management LLC boosted its holdings in shares of Conn's by 55.1% during the third quarter. Acadian Asset Management LLC now owns 128,344 shares of the specialty retailer's stock worth $505,000 after purchasing an additional 45,593 shares during the period. BNP Paribas Arbitrage SNC grew its holdings in shares of Conn's by 127.7% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 9,269 shares of the specialty retailer's stock valued at $56,000 after acquiring an additional 5,199 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Conn's by 44.8% in the second quarter. Captrust Financial Advisors now owns 7,030 shares of the specialty retailer's stock worth $56,000 after acquiring an additional 2,174 shares during the last quarter. UBS Group AG boosted its position in Conn's by 61.9% during the fourth quarter. UBS Group AG now owns 7,957 shares of the specialty retailer's stock valued at $55,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Conn's in the third quarter valued at about $48,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

About Conn's

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.

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