Engineers Gate Manager LP Purchases 35,298 Shares of Sportsman’s Warehouse Holdings, Inc. (SPWH)

Engineers Gate Manager LP increased its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 176.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,248 shares of the company’s stock after buying an additional 35,298 shares during the period. Engineers Gate Manager LP owned approximately 0.13% of Sportsman’s Warehouse Holdings worth $264,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hood River Capital Management LLC acquired a new stake in Sportsman’s Warehouse Holdings during the third quarter valued at about $9,893,000. Tyvor Capital LLC acquired a new stake in Sportsman’s Warehouse Holdings during the fourth quarter valued at about $7,102,000. Scopus Asset Management L.P. acquired a new stake in Sportsman’s Warehouse Holdings during the third quarter valued at about $5,111,000. Two Sigma Investments LP raised its stake in Sportsman’s Warehouse Holdings by 1,427.6% in the fourth quarter. Two Sigma Investments LP now owns 333,177 shares of the company’s stock valued at $3,129,000 after buying an additional 311,367 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Sportsman’s Warehouse Holdings during the fourth quarter valued at about $2,494,000. 79.63% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Sportsman`s Warehouse Holdings (NASDAQ:SPWH)

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) traded down 0.70% on Friday, hitting $5.66. 736,642 shares of the company’s stock traded hands. The company has a market cap of $236.02 million, a price-to-earnings ratio of 9.74 and a beta of -0.80. Sportsman’s Warehouse Holdings, Inc. has a 1-year low of $3.86 and a 1-year high of $11.30. The firm’s 50-day moving average price is $5.19 and its 200 day moving average price is $6.27.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, May 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $156.90 million during the quarter, compared to the consensus estimate of $153.06 million. Sportsman’s Warehouse Holdings had a net margin of 3.16% and a return on equity of 127.68%. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Sportsman’s Warehouse Holdings, Inc. will post $0.64 earnings per share for the current year.

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SPWH has been the subject of several recent research reports. Zacks Investment Research raised shares of Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Forward View upgraded shares of Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. DA Davidson set a $7.00 price target on shares of Sportsman’s Warehouse Holdings and gave the stock a “buy” rating in a research report on Thursday, March 16th. Goldman Sachs Group, Inc. (The) cut shares of Sportsman’s Warehouse Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.50 to $6.50 in a research note on Sunday, March 26th. Finally, Piper Jaffray Companies cut shares of Sportsman’s Warehouse Holdings from an “overweight” rating to a “neutral” rating and set a $4.00 target price on the stock. in a research note on Friday, March 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Sportsman’s Warehouse Holdings has a consensus rating of “Hold” and a consensus target price of $8.31.

In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average cost of $5.62 per share, for a total transaction of $56,200.00. Following the transaction, the director now owns 77,916 shares of the company’s stock, valued at $437,887.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.

Sportsman’s Warehouse Holdings Company Profile

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

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