Balter Liquid Alternatives LLC lowered its stake in Select Comfort Corporation (NASDAQ:SCSS) by 41.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,809 shares of the company’s stock after selling 35,540 shares during the period. Select Comfort Corporation comprises 2.0% of Balter Liquid Alternatives LLC’s holdings, making the stock its 12th largest position. Balter Liquid Alternatives LLC owned about 0.12% of Select Comfort Corporation worth $1,768,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new position in Select Comfort Corporation during the first quarter valued at approximately $2,124,000. Karp Capital Management Corp acquired a new position in shares of Select Comfort Corporation during the first quarter worth about $249,000. UBS Asset Management Americas Inc. acquired a new position in shares of Select Comfort Corporation during the first quarter worth about $425,000. Comerica Bank raised its position in shares of Select Comfort Corporation by 12.5% in the first quarter. Comerica Bank now owns 53,909 shares of the company’s stock worth $1,723,000 after buying an additional 5,979 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Select Comfort Corporation by 4.5% in the first quarter. BNP Paribas Arbitrage SA now owns 21,200 shares of the company’s stock worth $526,000 after buying an additional 912 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Select Comfort Corporation (SCSS) opened at 30.10 on Friday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 21.97 and a beta of 0.67. The firm has a 50 day moving average price of $32.07 and a 200-day moving average price of $28.78. Select Comfort Corporation has a 12 month low of $17.95 and a 12 month high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.07. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Select Comfort Corporation will post $1.38 EPS for the current year.

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A number of brokerages have issued reports on SCSS. Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 target price (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. UBS AG reaffirmed a “sell” rating and issued a $17.00 target price (up from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Zacks Investment Research lowered Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $38.00 target price on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Finally, Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and upped their target price for the company from $21.50 to $35.00 in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.33.

In other Select Comfort Corporation news, Director Brenda J. Lauderback sold 18,500 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the completion of the sale, the director now directly owns 41,790 shares in the company, valued at $1,364,443.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.24, for a total value of $169,524.00. Following the sale, the senior vice president now owns 39,550 shares of the company’s stock, valued at $1,314,642. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock valued at $1,046,029 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Select Comfort Corporation Company Profile

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.

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Institutional Ownership by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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