Conn’s (NASDAQ:CONN) Raised to Hold at StockNews.com

Conn’s (NASDAQ:CONN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Conn’s Stock Up 0.5 %

Shares of NASDAQ CONN traded up $0.02 on Friday, hitting $4.05. The company had a trading volume of 157,630 shares, compared to its average volume of 141,802. Conn’s has a 12-month low of $2.55 and a 12-month high of $5.39. The business has a 50 day moving average of $3.86 and a two-hundred day moving average of $3.77. The company has a quick ratio of 2.41, a current ratio of 3.38 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $99.43 million, a P/E ratio of -0.60 and a beta of 2.42.

Institutional Investors Weigh In On Conn’s

Several institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its position in shares of Conn’s by 34.1% in the fourth quarter. GSA Capital Partners LLP now owns 107,395 shares of the specialty retailer’s stock worth $477,000 after buying an additional 27,335 shares during the period. Nantahala Capital Management LLC purchased a new stake in shares of Conn’s in the fourth quarter worth about $1,596,000. Bridgeway Capital Management LLC boosted its position in shares of Conn’s by 111.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 63,300 shares of the specialty retailer’s stock worth $281,000 after buying an additional 33,300 shares during the period. Corsair Capital Management L.P. purchased a new position in Conn’s in the fourth quarter valued at about $82,000. Finally, Northern Trust Corp boosted its holdings in Conn’s by 82.2% in the fourth quarter. Northern Trust Corp now owns 60,690 shares of the specialty retailer’s stock valued at $269,000 after purchasing an additional 27,374 shares during the last quarter. Hedge funds and other institutional investors own 55.00% of the company’s stock.

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.