Conns Inc: Par Investment Partners Lp Bought Stake

February 15, 2018 - By Marguerite Chambers

 Conns Inc: Par Investment Partners Lp Bought Stake

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.25, from 1.04 in 2017Q2. It is positive, as 13 investors sold Conn's, Inc. shares while 32 reduced holdings. 26 funds opened positions while 32 raised stakes. 20.50 million shares or 1.07% less from 20.72 million shares in 2017Q2 were reported.

Jpmorgan Chase invested in 0% or 163,072 shares. Goldman Sachs Grp Inc Inc invested in 0% or 136,622 shares. Pacific Invest Mngmt Com accumulated 2.82% or 443,080 shares. Tiaa Cref Invest Mngmt Lc stated it has 0% in Conn's, Inc. (NASDAQ:CONN). 125,433 are held by Portolan Capital Mgmt Llc. 20,246 are held by Commercial Bank Of Montreal Can. Yorktown Management Rech Inc accumulated 8,550 shares or 0.06% of the stock. Eam Limited Liability Co reported 0.71% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Sei has 8,667 shares for 0% of their portfolio. Schwab Charles Investment Management Inc holds 85,287 shares or 0% of its portfolio. Moreover, Gru One Trading Lp has 0.01% invested in Conn's, Inc. (NASDAQ:CONN). Northern Corp reported 246,741 shares or 0% of all its holdings. Par Capital Mgmt owns 3.04 million shares. Falcon Point Capital Ltd invested in 494,716 shares. 176,317 were reported by Driehaus Cap Ltd Liability.

Since October 16, 2017, it had 3 buys, and 1 insider sale for $53.27 million activity. 1,000 shares were bought by Schofman David, worth $32,198. 23,000 shares were bought by STEPHENS HARRIET C, worth $586,475 on Monday, October 16. On Monday, December 18 the insider Anchorage Capital Group – L.L.C. sold $54.48M.

The New Par Investment Partners Lp Holding in Conns Inc

Par Investment Partners Lp reported SC 13G/A form with the SEC for Conns Inc. Access it here: 000119312518045353. As reported by Par Investment Partners Lp, the filler owns 9.7% or 3,027,500 shares of the Consumer Discretionary–company.

Conns Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Par Investment Partners Lp’s positive view for Conns Inc.

Conns Inc Institutional Sentiment

Filings show 100 investors own Conns Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6339466. 39183299 were owned by these investors. 16 funds opened new Conns Inc stakes, 43 increased positions. There were 28 that closed positions and 28 reduced them.

3 investors had the stock in their top 10. Some are: Pacific Global Investment Management Co..

Boothbay Fund Management Llc is an investor bullish on Conns Inc, owning 20003 shares as of Q3 2015 for 0.28% of its portfolio. Clifton S. Robbins Blue Clay Capital Management Llc owns 24300 shares or 0.47% of its portfolio. NY Luxor Capital Group Lp have 3.65% of its portfolio for 6630801 shares. Further, Anchorage Capital Group Llc reported stake worth 2.82% of its portfolio. The CA Pacific Global Investment Management Company owns 449465 shares. Conns Inc is 2.40% of its portfolio.

Business Profile

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. Its credit segment provides short- and medium-term financing for its retail customers. Its credit offering provides financing solutions to credit constrained consumers having limited banking options. The Company operates its business through its retail stores and Website.

SEC Form 13G.

Analysts await Conn's, Inc. (NASDAQ:CONN) to report earnings on April, 3. They expect $0.49 earnings per share, up 880.00 % or $0.44 from last year’s $0.05 per share. CONN’s profit will be $15.37M for 16.73 P/E if the $0.49 EPS becomes a reality. After $0.18 actual earnings per share reported by Conn's, Inc. for the previous quarter, Wall Street now forecasts 172.22 % EPS growth.

The stock increased 3.14% or $1 during the last trading session, reaching $32.8. About 133,378 shares traded. Conn's, Inc. (NASDAQ:CONN) has risen 45.89% since February 15, 2017 and is uptrending. It has outperformed by 29.19% the S&P500.

Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. The company has market cap of $1.03 billion. It operates through two divisions, Retail and Credit. It has a 331.31 P/E ratio. The companyÂ’s stores provide furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; home appliances comprising refrigerators, freezers, washers, dryers, dishwashers, and ranges; and home office products consisting of computers, printers, and accessories.

Conn's, Inc. (NASDAQ:CONN) Ratings Coverage

Among 6 analysts covering CONN’S (NASDAQ:CONN), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. CONN’S has $45 highest and $16 lowest target. $37.60’s average target is 14.63% above currents $32.8 stock price. CONN’S had 18 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Conn's, Inc. (NASDAQ:CONN) earned “Buy” rating by Stifel Nicolaus on Monday, August 28. The firm earned “Overweight” rating on Tuesday, March 15 by Stephens. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 21. The stock of Conn's, Inc. (NASDAQ:CONN) has “Buy” rating given on Thursday, September 7 by KeyBanc Capital Markets. Stifel Nicolaus maintained Conn's, Inc. (NASDAQ:CONN) on Wednesday, June 7 with “Buy” rating. The firm has “Buy” rating given on Monday, October 16 by SunTrust. Stifel Nicolaus upgraded Conn's, Inc. (NASDAQ:CONN) on Tuesday, December 1 to “Buy” rating. The firm earned “Hold” rating on Wednesday, January 13 by Stifel Nicolaus. SunTrust maintained the stock with “Buy” rating in Tuesday, October 24 report. The rating was upgraded by Oppenheimer to “Outperform” on Friday, September 29.

More news for Conn's, Inc. (NASDAQ:CONN) were recently published by: Nasdaq.com, which released: “Commit To Buy Conns At $28, Earn 21.5% Annualized Using Options” on January 31, 2018. Seekingalpha.com‘s article titled: “Conn’s – Higher Loss Rates To Pressure Forward EPS Estimates” and published on February 08, 2018 is yet another important article.

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