Corton Capital Inc. Invests $114,000 in Sleep Number Corporation $SNBR

Corton Capital Inc. purchased a new position in Sleep Number Corporation (NASDAQ:SNBR) during the 2nd quarter, HoldingsChannel reports. The fund purchased 16,814 shares of the company’s stock, valued at approximately $114,000.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its holdings in Sleep Number by 218.7% in the 1st quarter. CWM LLC now owns 11,963 shares of the company’s stock valued at $76,000 after acquiring an additional 8,209 shares during the last quarter. Alpha Wealth Funds LLC acquired a new position in shares of Sleep Number during the 2nd quarter worth approximately $114,000. Strs Ohio purchased a new stake in shares of Sleep Number in the first quarter valued at approximately $130,000. AlphaQuest LLC increased its holdings in shares of Sleep Number by 94,568.2% in the second quarter. AlphaQuest LLC now owns 20,827 shares of the company’s stock valued at $141,000 after purchasing an additional 20,805 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Sleep Number in the first quarter valued at approximately $142,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Sleep Number Price Performance

Sleep Number stock opened at $5.50 on Wednesday. The firm has a 50 day simple moving average of $7.64 and a 200-day simple moving average of $8.13. The stock has a market cap of $125.24 million, a price-to-earnings ratio of -3.02 and a beta of 1.74. Sleep Number Corporation has a 1-year low of $4.48 and a 1-year high of $20.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sleep Number in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.33.

About Sleep Number

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.