Conn’s (NASDAQ:CONN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Conn’s (NASDAQ:CONN) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the specialty retailer’s stock.

Conn’s Stock Down 27.5 %

Shares of NASDAQ CONN opened at $0.18 on Wednesday. The stock has a 50-day moving average price of $1.57 and a two-hundred day moving average price of $3.11. Conn’s has a 12 month low of $0.18 and a 12 month high of $5.19. The company has a current ratio of 2.58, a quick ratio of 1.87 and a debt-to-equity ratio of 1.93. The company has a market cap of $4.53 million, a price-to-earnings ratio of -0.06 and a beta of 2.23.

Institutional Trading of Conn’s

A number of hedge funds have recently made changes to their positions in CONN. Assenagon Asset Management S.A. acquired a new stake in Conn’s during the 4th quarter worth approximately $256,000. AM Investment Strategies LLC grew its stake in shares of Conn’s by 20.0% in the fourth quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock worth $533,000 after purchasing an additional 20,000 shares during the last quarter. Corsair Capital Management L.P. acquired a new stake in Conn’s in the fourth quarter valued at $82,000. Equitec Proprietary Markets LLC raised its position in Conn’s by 180.9% during the 1st quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 8,142 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Conn’s in the 1st quarter valued at about $43,000. 55.00% of the stock is owned by institutional investors and hedge funds.

Conn’s Company Profile

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.