Smith & Wesson Holding Corp (SWHC) : Usa Mutuals Advisors scooped up 92,100 additional shares in Smith & Wesson Holding Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 487,100 shares of Smith & Wesson Holding Corp which is valued at $11,485,818.Smith & Wesson Holding Corp makes up approximately 6.53% of Usa Mutuals Advisors’s portfolio.
Other Hedge Funds, Including , Qs Investors boosted its stake in SWHC in the latest quarter, The investment management firm added 254,585 additional shares and now holds a total of 509,773 shares of Smith & Wesson Holding Corp which is valued at $12,020,447. Smith & Wesson Holding Corp makes up approx 0.09% of Qs Investors’s portfolio. Princeton Alpha Management Lp sold out all of its stake in SWHC during the most recent quarter. The investment firm sold 13,838 shares of SWHC which is valued $304,159.Convergence Investment Partners reduced its stake in SWHC by selling 24,139 shares or 27.73% in the most recent quarter. The Hedge Fund company now holds 62,922 shares of SWHC which is valued at $1,383,026. Smith & Wesson Holding Corp makes up approx 0.20% of Convergence Investment Partners’s portfolio.Canada Pension Plan Investment Board reduced its stake in SWHC by selling 79,900 shares or 21.84% in the most recent quarter. The Hedge Fund company now holds 286,005 shares of SWHC which is valued at $7,965,239. Smith & Wesson Holding Corp makes up approx 0.03% of Canada Pension Plan Investment Board’s portfolio.
Smith & Wesson Holding Corp closed down -0.27 points or -1.11% at $24.13 with 21,17,805 shares getting traded on Monday. Post opening the session at $24.53, the shares hit an intraday low of $23.96 and an intraday high of $25.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Smith & Wesson Holding Corp reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Sep 1, 2016. Analyst had a consensus of $0.54. The company had revenue of $207.00 million for the quarter, compared to analysts expectations of $198.31 million. The company’s revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Smith & Wesson Holding Corp. Company shares were Reiterated by Wunderlich on Sep 2, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .Smith & Wesson Holding Corp was Downgraded by Craig Hallum to ” Hold” on Sep 2, 2016.
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns including revolvers and pistols; long guns including modern sporting rifles bolt action rifles and single shot rifles; handcuffs and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield Massachusetts; Houlton Maine and Deep River Connecticut facilities which includes firearms handcuffs and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international state and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia Missouri facility. The Company also provides shooting reloading gunsmithing and gun cleaning supplies.