Corton Capital Inc. Purchases Shares of 16,814 Sleep Number Corporation $SNBR

Corton Capital Inc. acquired a new stake in shares of Sleep Number Corporation (NASDAQ:SNBR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,814 shares of the company’s stock, valued at approximately $114,000. Corton Capital Inc. owned about 0.07% of Sleep Number as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its holdings in Sleep Number by 102.7% during the first quarter. Federated Hermes Inc. now owns 98,212 shares of the company’s stock worth $623,000 after acquiring an additional 49,764 shares during the period. Inspire Investing LLC lifted its holdings in Sleep Number by 109.9% in the first quarter. Inspire Investing LLC now owns 54,393 shares of the company’s stock valued at $345,000 after acquiring an additional 28,476 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Sleep Number by 42.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 628,667 shares of the company’s stock worth $3,986,000 after purchasing an additional 186,255 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Sleep Number during the 1st quarter worth approximately $423,000. Finally, Mutual Advisors LLC purchased a new position in shares of Sleep Number during the 2nd quarter valued at approximately $459,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

Sleep Number Price Performance

Shares of SNBR stock opened at $5.50 on Wednesday. Sleep Number Corporation has a 1-year low of $4.48 and a 1-year high of $20.73. The company has a market cap of $125.24 million, a price-to-earnings ratio of -3.02 and a beta of 1.74. The stock has a 50 day simple moving average of $7.64 and a 200-day simple moving average of $8.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sleep Number in a report on Tuesday, October 14th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $8.33.

Sleep Number Profile

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.