Steel Grove Capital Advisors LLC Raises Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Steel Grove Capital Advisors LLC raised its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Sportsman’s Warehouse were worth $383,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in shares of Sportsman’s Warehouse during the first quarter worth $52,000. UBS Group AG boosted its stake in Sportsman’s Warehouse by 145.2% in the 2nd quarter. UBS Group AG now owns 4,414 shares of the company’s stock worth $42,000 after purchasing an additional 2,614 shares during the period. Quarry LP grew its holdings in Sportsman’s Warehouse by 509.1% during the 1st quarter. Quarry LP now owns 5,476 shares of the company’s stock valued at $46,000 after buying an additional 4,577 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of Sportsman’s Warehouse by 535.3% during the first quarter. Point72 Hong Kong Ltd now owns 7,427 shares of the company’s stock valued at $79,000 after buying an additional 6,258 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Sportsman’s Warehouse in the third quarter valued at approximately $85,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

Shares of SPWH traded up $0.08 during trading hours on Thursday, hitting $3.08. The company had a trading volume of 838,491 shares, compared to its average volume of 373,176. Sportsman’s Warehouse Holdings, Inc. has a 52-week low of $2.74 and a 52-week high of $8.85. The firm has a fifty day moving average price of $3.61 and a 200-day moving average price of $4.20. The stock has a market capitalization of $115.22 million, a price-to-earnings ratio of -11.54 and a beta of 0.77.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPWH shares. B. Riley downgraded Sportsman’s Warehouse from a “buy” rating to a “neutral” rating in a research report on Thursday, December 14th. StockNews.com upgraded shares of Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.25.

Sportsman’s Warehouse Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.