California Public Employees Retirement System decreased its position in Conn's Inc (NASDAQ:CONN) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,734 shares of the specialty retailer’s stock after selling 3,077 shares during the quarter. California Public Employees Retirement System’s holdings in Conn's were worth $4,932,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Conn's by 45.9% in the second quarter. State Street Corp now owns 566,793 shares of the specialty retailer’s stock valued at $10,828,000 after acquiring an additional 178,277 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Conn's by 269.9% in the third quarter. Russell Investments Group Ltd. now owns 426,473 shares of the specialty retailer’s stock valued at $12,005,000 after acquiring an additional 311,178 shares during the last quarter. Luzich Partners LLC increased its position in shares of Conn's by 3.3% in the third quarter. Luzich Partners LLC now owns 315,822 shares of the specialty retailer’s stock valued at $8,890,000 after acquiring an additional 10,000 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Conn's in the third quarter valued at about $6,050,000. Finally, JPMorgan Chase & Co. increased its position in shares of Conn's by 37,046.2% in the third quarter. JPMorgan Chase & Co. now owns 163,072 shares of the specialty retailer’s stock valued at $4,182,000 after acquiring an additional 162,633 shares during the last quarter. 69.40% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of Conn's stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $34.05, for a total transaction of $54,480,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.48% of the company’s stock.
Conn's Inc (CONN) opened at $34.20 on Tuesday. Conn's Inc has a 1-year low of $7.75 and a 1-year high of $37.80. The company has a current ratio of 3.94, a quick ratio of 3.04 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $1,079.15, a PE ratio of 78.18, a P/E/G ratio of 0.62 and a beta of 1.79.
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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.
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