GSA Capital Partners LLP Reduces Position in Sleep Number Co. (NASDAQ:SNBR)

GSA Capital Partners LLP reduced its stake in Sleep Number Co. (NASDAQ:SNBR) by 27.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,458 shares of the company’s stock after selling 45,071 shares during the quarter. GSA Capital Partners LLP’s holdings in Sleep Number were worth $2,188,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Sleep Number by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,779 shares of the company’s stock valued at $106,000 after purchasing an additional 784 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Sleep Number by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,122 shares of the company’s stock valued at $323,000 after buying an additional 1,052 shares during the period. SummerHaven Investment Management LLC boosted its position in Sleep Number by 4.3% during the second quarter. SummerHaven Investment Management LLC now owns 25,694 shares of the company’s stock worth $246,000 after acquiring an additional 1,071 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Sleep Number by 6.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 18,791 shares of the company’s stock worth $180,000 after acquiring an additional 1,100 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in Sleep Number by 17.4% in the 2nd quarter. Maverick Capital Ltd. now owns 20,136 shares of the company’s stock valued at $193,000 after acquiring an additional 2,980 shares during the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Stadium Capital Management Llc bought 36,097 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $13.09 per share, for a total transaction of $472,509.73. Following the acquisition, the insider now owns 2,054,802 shares of the company’s stock, valued at $26,897,358.18. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 95,508 shares of company stock worth $1,294,316 over the last three months. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SNBR shares. Piper Sandler decreased their price objective on Sleep Number from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com cut Sleep Number from a “buy” rating to a “hold” rating in a report on Monday.

Sleep Number Stock Down 6.7 %

SNBR stock opened at $14.86 on Tuesday. The company has a market cap of $332.42 million, a price-to-earnings ratio of -8.21 and a beta of 2.08. The business has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $13.65. Sleep Number Co. has a 52 week low of $8.13 and a 52 week high of $20.75.

Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.