Principal Financial Group Inc. Invests $298,000 in Lazydays Holdings, Inc. (NASDAQ:LAZY)

Principal Financial Group Inc. acquired a new position in Lazydays Holdings, Inc. (NASDAQ:LAZY) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,548 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds have also modified their holdings of the company. Highlander Capital Management LLC purchased a new stake in Lazydays in the 1st quarter worth $36,000. Barclays PLC purchased a new stake in Lazydays in the 1st quarter worth $52,000. JPMorgan Chase & Co. increased its stake in Lazydays by 4,493.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,961 shares of the company’s stock worth $88,000 after buying an additional 4,853 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Lazydays in the 2nd quarter worth $139,000. Finally, Northern Trust Corp increased its stake in Lazydays by 22.6% in the 1st quarter. Northern Trust Corp now owns 12,994 shares of the company’s stock worth $231,000 after buying an additional 2,398 shares in the last quarter. Institutional investors and hedge funds own 48.17% of the company’s stock.

Shares of Lazydays stock opened at $22.33 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. Lazydays Holdings, Inc. has a twelve month low of $12.67 and a twelve month high of $25.74. The business has a 50-day moving average price of $22.97 and a 200-day moving average price of $22.33. The firm has a market cap of $253.00 million, a price-to-earnings ratio of 14.31 and a beta of 1.88.

Lazydays (NASDAQ:LAZY) last announced its quarterly earnings results on Thursday, August 5th. The company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.13. Lazydays had a net margin of 5.19% and a return on equity of 48.32%. The firm had revenue of $322.79 million during the quarter, compared to the consensus estimate of $322.80 million. On average, equities analysts expect that Lazydays Holdings, Inc. will post 3.06 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered Lazydays from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 6th.

In related news, VP Ronald Fleming sold 18,448 shares of the stock in a transaction dated Tuesday, July 20th. The shares were sold at an average price of $21.35, for a total value of $393,864.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nicholas J. Tomashot sold 9,000 shares of the stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $24.02, for a total transaction of $216,180.00. Following the completion of the transaction, the chief financial officer now directly owns 45,504 shares of the company’s stock, valued at approximately $1,093,006.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,445 shares of company stock valued at $5,461,947. 24.80% of the stock is owned by insiders.

Lazydays Company Profile

Lazydays Holdings, Inc retails recreational vehicles, motorcycles, jet skis and related accessories. The company operates recreation vehicle dealerships generating revenue by providing RV owners a full spectrum of products: RV sales, RV services, financing and insurance products, RV parts and accessories, RV rentals, third-party protection plans, and RV camping.

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Institutional Ownership by Quarter for Lazydays (NASDAQ:LAZY)

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