AM Investment Strategies LLC Acquires 20,000 Shares of Conn’s, Inc. (NASDAQ:CONN)

AM Investment Strategies LLC raised its holdings in Conn’s, Inc. (NASDAQ:CONN) by 20.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 120,125 shares of the specialty retailer’s stock after purchasing an additional 20,000 shares during the quarter. AM Investment Strategies LLC’s holdings in Conn’s were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Assenagon Asset Management S.A. bought a new position in shares of Conn’s during the fourth quarter worth approximately $256,000. Institutional investors own 55.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Conn’s from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Conn’s Price Performance

Shares of NASDAQ CONN traded down $0.19 during mid-day trading on Thursday, hitting $3.63. 59,909 shares of the stock traded hands, compared to its average volume of 135,868. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87. Conn’s, Inc. has a twelve month low of $2.55 and a twelve month high of $5.26. The company has a market cap of $90.35 million, a PE ratio of -1.13 and a beta of 2.42. The firm has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $3.77.

Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.