Conn's, Inc. (CONN) Can’t Be More Safe. Trades Significantly Higher

December 7, 2017 - By Jacob Falcon

Investors sentiment increased to 1.04 in 2017 Q2. Its up 0.27, from 0.77 in 2017Q1. It increased, as 13 investors sold Conn's, Inc. shares while 36 reduced holdings. 31 funds opened positions while 20 raised stakes. 20.72 million shares or 8.99% more from 19.01 million shares in 2017Q1 were reported.
Alliancebernstein Limited Partnership has invested 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN). California-based Schwab Charles Mngmt has invested 0% in Conn's, Inc. (NASDAQ:CONN). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 606 shares or 0% of all its holdings. Great West Life Assurance Can reported 2,400 shares. Product Prns Ltd Limited Liability Company, a New York-based fund reported 92,200 shares. Barclays Public Limited Liability Co holds 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN) for 34,760 shares. Tower Rech Cap Ltd Company (Trc) reported 0.01% in Conn's, Inc. (NASDAQ:CONN). 1,838 are held by Quantbot Ltd Partnership. Hutchin Hill Capital Limited Partnership reported 0.06% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Deutsche Bankshares Ag invested in 251,911 shares. Acadian Asset Limited Company invested in 0.02% or 249,482 shares. American Assets Management Limited Liability Corporation stated it has 36,789 shares. Blackrock holds 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN) for 1.35M shares. Hong Kong-based Point72 Asia (Hong Kong) Ltd has invested 0.04% in Conn's, Inc. (NASDAQ:CONN). Northpointe Capital Limited Liability Corporation holds 264,485 shares or 0.53% of its portfolio.

Since June 12, 2017, it had 0 insider purchases, and 2 insider sales for $161,961 activity. Renaud Todd sold $19,000 worth of Conn's, Inc. (NASDAQ:CONN) on Monday, June 19.

The stock of Conn's, Inc. (NASDAQ:CONN) is a huge mover today! The stock increased 6.19% or $1.95 during the last trading session, reaching $33.45. About 2.47M shares traded or 338.80% up from the average. Conn's, Inc. (NASDAQ:CONN) has risen 45.89% since December 7, 2016 and is uptrending. It has outperformed by 29.19% the S&P500.
The move comes after 5 months positive chart setup for the $1.04 billion company. It was reported on Dec, 7 by Barchart.com. We have $35.79 PT which if reached, will make NASDAQ:CONN worth $73.08 million more.

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 had 17 analyst reports since August 17, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded Conn's, Inc. (NASDAQ:CONN) on Tuesday, September 15 to “Hold” rating. The firm earned “Hold” rating on Tuesday, June 6 by Oppenheimer. KeyBanc Capital Markets maintained the shares of CONN in report on Wednesday, October 18 with “Buy” rating. The stock of Conn's, Inc. (NASDAQ:CONN) earned “Buy” rating by SunTrust on Tuesday, October 24. Stifel Nicolaus upgraded it to “Buy” rating and $16 target in Wednesday, September 21 report. As per Tuesday, December 1, the company rating was upgraded by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, December 9 by Stifel Nicolaus. The rating was maintained by Piper Jaffray on Monday, August 17 with “Buy”. SunTrust maintained the stock with “Buy” rating in Monday, October 16 report. The rating was downgraded by Stifel Nicolaus on Wednesday, January 13 to “Hold”.

More notable recent Conn's, Inc. (NASDAQ:CONN) news were published by: Nasdaq.com which released: “Earnings Reaction History: Conn’s, Inc., 58.3% Follow-Through Indicator, 9.7 …” on December 07, 2017, also Fool.com with their article: “Shares of Conn’s Bounce 16% After 2nd Consecutive Profitable Quarter” published on December 07, 2017, Businesswire.com published: “KBRA Assigns Preliminary Ratings to Conn’s Receivables Funding 2017-B” on December 07, 2017. More interesting news about Conn's, Inc. (NASDAQ:CONN) were released by: Nasdaq.com and their article: “Conns Inc. (CONN) Has Broken Out To A New High On Q3 Results” published on December 07, 2017 as well as Nasdaq.com‘s news article titled: “Conn’s, Inc. Reports Third Quarter Fiscal Year 2018 Financial Results” with publication date: December 07, 2017.

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 $1.04 billion. It operates through two divisions, Retail and Credit. It currently has negative earnings. 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.

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