Charles Schwab Investment Management Inc. Lowers Stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Charles Schwab Investment Management Inc. reduced its position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 58.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,913 shares of the company's stock after selling 251,848 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.47% of Sportsman's Warehouse worth $482,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP raised its position in Sportsman's Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company's stock worth $1,475,000 after purchasing an additional 473,212 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Sportsman's Warehouse in the second quarter worth about $384,000. Squarepoint Ops LLC purchased a new position in shares of Sportsman's Warehouse in the second quarter worth about $199,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sportsman's Warehouse in the 3rd quarter valued at about $168,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sportsman's Warehouse during the 2nd quarter valued at about $146,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman's Warehouse Trading Down 5.0 %

NASDAQ SPWH traded down $0.12 during trading on Friday, hitting $2.29. The company had a trading volume of 592,631 shares, compared to its average volume of 471,534. The company's fifty day moving average is $2.44 and its 200-day moving average is $2.47. The company has a market cap of $86.92 million, a price-to-earnings ratio of -2.60 and a beta of 0.59. The company has a current ratio of 1.20, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Sportsman's Warehouse Holdings, Inc. has a one year low of $1.81 and a one year high of $4.62.

Analyst Ratings Changes

SPWH has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Lake Street Capital dropped their price target on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a report on Saturday, November 30th. Roth Mkm lowered their price objective on shares of Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Finally, Craig Hallum cut their target price on Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $3.20.

Sportsman's Warehouse Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.