Conns Inc: Par Investment Partners Lp Makes Purchase

February 15, 2018 - By Migdalia James

 Conns Inc: Par Investment Partners Lp Makes Purchase

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.25, from 1.04 in 2017Q2. It increased, 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.

Clarivest Asset Ltd Liability Corp holds 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN) for 6,240 shares. Pacad has invested 0.02% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Moreover, Anchorage Group Ltd Liability Corporation has 1.4% invested in Conn's, Inc. (NASDAQ:CONN) for 4.55M shares. Cubist Systematic Strategies Ltd Liability Com invested in 0% or 1,300 shares. Brandywine Glob Management Limited Co reported 18,900 shares stake. Schwab Charles Inv Mgmt holds 0% or 85,287 shares in its portfolio. Pnc Financial holds 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN) for 182 shares. Ellington Mngmt Grp Lc invested 0.08% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Morgan Stanley invested 0% in Conn's, Inc. (NASDAQ:CONN). Product Prtnrs Ltd Limited Liability Company reported 81,257 shares or 0.08% of all its holdings. National Bank Of America Corporation De has 1,899 shares for 0% of their portfolio. 7,577 are owned by Zacks Inv Mngmt. Great West Life Assurance Can accumulated 2,400 shares. Sterling Cap Mgmt Ltd Liability Co invested in 45,462 shares or 0.01% of the stock. Quantitative Inv Mgmt Ltd Liability Com invested 0.02% in Conn's, Inc. (NASDAQ:CONN).

Since October 16, 2017, it had 3 insider purchases, and 1 sale for $53.27 million activity. STEPHENS HARRIET C bought 23,000 shares worth $586,475. On Monday, December 18 Anchorage Capital Group – L.L.C. sold $54.48M worth of Conn's, Inc. (NASDAQ:CONN) or 1.60M shares. 1,000 shares were bought by Schofman David, worth $32,198.

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 EPS, up 880.00 % or $0.44 from last year’s $0.05 per share. CONN’s profit will be $15.37 million for 16.73 P/E if the $0.49 EPS becomes a reality. After $0.18 actual EPS 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. On Friday, June 3 the stock rating was downgraded by Piper Jaffray to “Neutral”. The firm has “Buy” rating given on Monday, October 16 by SunTrust. The firm earned “Buy” rating on Wednesday, June 7 by Stifel Nicolaus. The rating was upgraded by Oppenheimer on Friday, September 29 to “Outperform”. The firm earned “Buy” rating on Tuesday, December 1 by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, September 15. The firm has “Hold” rating given on Wednesday, January 13 by Stifel Nicolaus. The firm has “Buy” rating given on Monday, August 28 by Stifel Nicolaus. SunTrust maintained it with “Buy” rating and $37.0 target in Tuesday, October 24 report. The firm earned “Buy” rating on Wednesday, September 21 by Stifel Nicolaus.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.