Penn Capital Management Co Inc Lowers stake in Select Comfort Corp. (SCSS)

Select Comfort Corp. (SCSS) : Penn Capital Management Co Inc reduced its stake in Select Comfort Corp. by 9.11% during the most recent quarter end. The investment management company now holds a total of 1,025,135 shares of Select Comfort Corp. which is valued at $26,407,478 after selling 102,790 shares in Select Comfort Corp. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Select Comfort Corp. makes up approximately 1.46% of Penn Capital Management Co Inc’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in SCSS by selling 10 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 119,110 shares of SCSS which is valued at $3,068,274. Select Comfort Corp. makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio.Blackrock Investment Management reduced its stake in SCSS by selling 2,189 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 193,589 shares of SCSS which is valued at $4,986,853. Select Comfort Corp. makes up approx 0.01% of Blackrock Investment Management’s portfolio.First Trust Advisors Lp reduced its stake in SCSS by selling 8,940 shares or 14.67% in the most recent quarter. The Hedge Fund company now holds 52,014 shares of SCSS which is valued at $1,299,830. Stonebridge Capital Management Inc sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 21,835 shares of SCSS which is valued $503,078.

Select Comfort Corp. opened for trading at $26.37 and hit $26.55 on the upside on Monday, eventually ending the session at $26.41, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 5,15,347 shares. Company has a market cap of $1,213 M.

On the company’s financial health, Select Comfort Corp. reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.02. The company had revenue of $277.00 million for the quarter, compared to analysts expectations of $283.51 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Upgraded by Piper Jaffray to ” Overweight” on Aug 15, 2016. Company shares were Reiterated by Wedbush on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 27 from a previous price target of $21 .Select Comfort Corp. was Upgraded by BofA/Merrill to ” Neutral” on Jul 15, 2016.

Select Comfort Corporation is a designer manufacturer marketer retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products including FlextFit adjustable base technology and Sleep Number pillows sheets and other bedding products. The Company offers Sleep Number beds in a range of sizes including twin full queen eastern king California king and the FlexTop mattress. It offers Sleep Number beds in four series which includes Classic Series Performance Series Innovation Series and Memory Foam Series. The company’s Sleep Number bedding collection includes Create Your Perfect PillowSM and AirFit pillow which adjust to an individual’s size shape and sleeping position.

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