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

Steel Grove Capital Advisors LLC grew its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,000 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Steel Grove Capital Advisors LLC owned approximately 0.24% of Sportsman’s Warehouse worth $383,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPWH. UBS Group AG raised its position in Sportsman’s Warehouse by 145.2% in the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares during the period. Quarry LP raised its holdings in shares of 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 during the period. Wolverine Trading LLC acquired a new position in Sportsman’s Warehouse during the 3rd quarter worth approximately $47,000. Ancora Advisors LLC purchased a new position in Sportsman’s Warehouse in the 1st quarter worth approximately $52,000. Finally, Citigroup Inc. grew its position in Sportsman’s Warehouse by 1,012.3% in the second quarter. Citigroup Inc. now owns 11,279 shares of the company’s stock valued at $64,000 after acquiring an additional 10,265 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPWH. B. Riley downgraded shares of Sportsman’s Warehouse from a “buy” rating to a “neutral” rating in a research note on Thursday, December 14th. StockNews.com raised Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Sportsman’s Warehouse presently has an average rating of “Hold” and an average target price of $8.25.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ:SPWH traded up $0.08 during trading hours on Thursday, hitting $3.08. 838,491 shares of the company’s stock traded hands, 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 company’s fifty day simple moving average is $3.61 and its two-hundred day simple moving average is $4.20. The company has a market cap of $115.22 million, a price-to-earnings ratio of -11.54 and a beta of 0.77.

About Sportsman’s Warehouse

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.