California Public Employees Retirement System reduced its stake in Conn's Inc (NASDAQ:CONN) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,734 shares of the specialty retailer’s stock after selling 3,077 shares during the period. California Public Employees Retirement System owned 0.44% of Conn's worth $4,932,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Conn's by 37,046.2% during the third quarter. JPMorgan Chase & Co. now owns 163,072 shares of the specialty retailer’s stock worth $4,182,000 after acquiring an additional 162,633 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Conn's by 12.3% during the third quarter. Wells Fargo & Company MN now owns 18,188 shares of the specialty retailer’s stock worth $512,000 after acquiring an additional 1,996 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in Conn's during the third quarter worth about $287,000. Prudential Financial Inc. bought a new position in Conn's during the third quarter worth about $6,050,000. Finally, Macquarie Group Ltd. bought a new position in Conn's during the third quarter worth about $310,000. Institutional investors and hedge funds own 69.40% of the company’s stock.
In other Conn's news, major shareholder Anchorage Capital Group, L.L.C sold 1,600,000 shares of Conn's stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $34.05, for a total value of $54,480,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.48% of the company’s stock.
Shares of Conn's Inc (NASDAQ CONN) opened at $34.20 on Tuesday. Conn's Inc has a 12 month low of $7.75 and a 12 month high of $37.80. The stock has a market capitalization of $1,079.15, a PE ratio of 78.18, a price-to-earnings-growth ratio of 0.62 and a beta of 1.79. The company has a quick ratio of 3.04, a current ratio of 3.94 and a debt-to-equity ratio of 1.84.
WARNING: “California Public Employees Retirement System Sells 3,077 Shares of Conn's Inc (CONN)” was posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/03/13/california-public-employees-retirement-system-sells-3077-shares-of-conns-inc-conn.html.
Conn's Company 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.
Want to see what other hedge funds are holding CONN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Conn's Inc (NASDAQ:CONN).
Receive News & Ratings for Conn's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conn's and related companies with MarketBeat.com's FREE daily email newsletter.