Quantbot Technologies LP bought a new stake in shares of Conn’s Inc. (NASDAQ:CONN) during the third quarter, Holdings Channel reports. The fund bought 16,221 shares of the company’s stock, valued at approximately $167,000. Quantbot Technologies LP owned approximately 0.05% of Conn’s at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Conn’s by 3.1% in the third quarter. Creative Planning now owns 10,051 shares of the company’s stock worth $104,000 after buying an additional 300 shares during the period. Royal Bank of Canada boosted its position in Conn’s by 0.5% in the second quarter. Royal Bank of Canada now owns 19,116 shares of the company’s stock worth $143,000 after buying an additional 94 shares during the period. KCG Holdings Inc. boosted its position in Conn’s by 5.6% in the second quarter. KCG Holdings Inc. now owns 23,433 shares of the company’s stock worth $176,000 after buying an additional 1,236 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Conn’s by 36.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 37,720 shares of the company’s stock worth $284,000 after buying an additional 9,981 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Conn’s during the second quarter worth approximately $381,000. 65.23% of the stock is owned by institutional investors and hedge funds.
Conn’s Inc. (NASDAQ:CONN) traded down 1.27% during trading on Friday, reaching $11.65. 160,867 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $9.94 and its 200-day moving average price is $8.84. The firm’s market cap is $358.56 million. Conn’s Inc. has a 12 month low of $6.54 and a 12 month high of $28.00.
Conn’s (NASDAQ:CONN) last issued its earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. Conn’s had a negative return on equity of 1.16% and a negative net margin of 1.40%. The company had revenue of $398.16 million for the quarter, compared to analyst estimates of $413.12 million. During the same period in the prior year, the firm earned $0.47 earnings per share. Conn’s’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Conn’s Inc. will post ($0.40) EPS for the current year.
A number of research firms have commented on CONN. Zacks Investment Research raised shares of Conn’s from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus raised shares of Conn’s from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 21st. Finally, TheStreet cut shares of Conn’s from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Conn’s has an average rating of “Hold” and a consensus target price of $25.50.
In other news, major shareholder Harriet C. Stephens bought 22,619 shares of the stock in a transaction dated Friday, September 9th. The shares were bought at an average cost of $8.84 per share, with a total value of $199,951.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.
Conn’s Company Profile
Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.