SW Investment Management LLC Has $14.38 Million Stake in Sleep Number Co. (NASDAQ:SNBR)

SW Investment Management LLC raised its position in Sleep Number Co. (NASDAQ:SNBRFree Report) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 584,672 shares of the company’s stock after acquiring an additional 34,672 shares during the quarter. Sleep Number makes up about 6.4% of SW Investment Management LLC’s investment portfolio, making the stock its 7th largest holding. SW Investment Management LLC owned 2.63% of Sleep Number worth $14,377,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SNBR. Charles Schwab Investment Management Inc. lifted its stake in shares of Sleep Number by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 618,152 shares of the company’s stock worth $15,200,000 after buying an additional 84,449 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Sleep Number during the 2nd quarter worth about $230,000. Hodges Capital Management Inc. lifted its stake in shares of Sleep Number by 34.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 74,700 shares of the company’s stock worth $2,593,000 after buying an additional 19,140 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Sleep Number by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,076 shares of the company’s stock worth $684,000 after buying an additional 1,781 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in Sleep Number by 5.7% during the third quarter. Tectonic Advisors LLC now owns 18,597 shares of the company’s stock worth $457,000 after acquiring an additional 1,006 shares during the period. Institutional investors and hedge funds own 93.82% of the company’s stock.

Sleep Number Stock Performance

NASDAQ:SNBR traded down $0.54 during mid-day trading on Wednesday, reaching $16.12. 387,552 shares of the company’s stock were exchanged, compared to its average volume of 665,244. Sleep Number Co. has a one year low of $9.00 and a one year high of $39.98. The firm has a market capitalization of $358.51 million, a PE ratio of -23.69 and a beta of 1.87. The business’s fifty day simple moving average is $12.35 and its two-hundred day simple moving average is $16.71.

Analyst Upgrades and Downgrades

Separately, Wedbush raised their price target on shares of Sleep Number from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Friday, February 23rd.

Check Out Our Latest Stock Analysis on Sleep Number

Sleep Number Company Profile

(Free Report)

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 adjustable bases under the FlextFit, and smart beds under the Climate 360 brands.

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Institutional Ownership by Quarter for Sleep Number (NASDAQ:SNBR)

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