Pw Partners Capital Management Lowers stake in CONN'S (CONN)

CONN'S (CONN) : Pw Partners Capital Management reduced its stake in CONN'S by 65.09% during the most recent quarter end. The investment management company now holds a total of 100,991 shares of CONN'S which is valued at $698,858 after selling 188,280 shares in CONN'S , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CONN'S makes up approximately 0.86% of Pw Partners Capital Management’s portfolio.

Other Hedge Funds, Including , Blue Clay Capital Management reduced its stake in CONN by selling 7,400 shares or 33.79% in the most recent quarter. The Hedge Fund company now holds 14,500 shares of CONN which is valued at $100,340. CONN'S makes up approx 0.13% of Blue Clay Capital Management’s portfolio.Tower Research Capital (trc) boosted its stake in CONN in the latest quarter, The investment management firm added 6,480 additional shares and now holds a total of 7,495 shares of CONN'S which is valued at $51,865.Dimensional Fund Advisors Lp reduced its stake in CONN by selling 49,922 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 1,568,511 shares of CONN which is valued at $10,885,466. CONN'S makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.

CONN'S closed down -0.14 points or -2.06% at $6.65 with 4,16,452 shares getting traded on Thursday. Post opening the session at $6.81, the shares hit an intraday low of $6.58 and an intraday high of $6.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, CONN'S reported $-0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.43 based on the information available during the earnings call on Jun 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $389.11 million for the quarter, compared to analysts expectations of $392.40 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on CONN'S. CONN'S was Downgraded by Piper Jaffray to ” Neutral” on Jun 3, 2016.

Conn’s Inc. is a retailer that offers a selection of durable consumer goods and related services in addition to a credit solution for its primary credit constrained consumers. The Company operates business through its retail stores and Website. The Company operates through two segments: retail and credit. Its product offerings include furniture and mattresses home appliances consumer electronics and home office products. The Company’s retail stores bear the Conn’s or Conn’s HomePlus name and deliver the same products and services to a common customer group. Its credit offering provides financing solutions to a population of credit constrained consumers who typically have limited banking options and have credit scores between 550 and 650.

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