Laurion Capital Management LP acquired a new stake in shares of At Home Group Inc (NYSE:HOME) during the third quarter, Holdings Channel reports. The firm acquired 116,581 shares of the financial services provider’s stock, valued at approximately $3,676,000.
Several other hedge funds and other institutional investors also recently modified their holdings of HOME. BlackRock Inc. grew its holdings in At Home Group by 50.8% during the third quarter. BlackRock Inc. now owns 2,602,401 shares of the financial services provider’s stock worth $82,053,000 after acquiring an additional 876,101 shares during the period. Victory Capital Management Inc. grew its holdings in At Home Group by 35.8% during the third quarter. Victory Capital Management Inc. now owns 2,321,931 shares of the financial services provider’s stock worth $73,211,000 after acquiring an additional 612,710 shares during the period. FMR LLC grew its holdings in At Home Group by 21,066.0% during the third quarter. FMR LLC now owns 2,222,425 shares of the financial services provider’s stock worth $70,074,000 after acquiring an additional 2,211,925 shares during the period. Eagle Asset Management Inc. acquired a new position in At Home Group during the third quarter worth about $48,414,000. Finally, Carillon Tower Advisers Inc. acquired a new position in At Home Group during the third quarter worth about $42,141,000. Institutional investors and hedge funds own 80.80% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered At Home Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $42.00 target price on shares of At Home Group in a report on Thursday, August 30th. KeyCorp lowered their target price on At Home Group from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday. ValuEngine lowered At Home Group from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Goldman Sachs Group raised At Home Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $41.00 to $39.00 in a report on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. At Home Group has a consensus rating of “Buy” and a consensus price target of $38.60.
In related news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of At Home Group stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total value of $152,035,292.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Norman E. Mcleod sold 2,592 shares of At Home Group stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $33.24, for a total value of $86,158.08. The disclosure for this sale can be found here. Insiders sold a total of 4,597,008 shares of company stock worth $152,207,453 in the last three months. 7.25% of the stock is currently owned by company insiders.
Shares of HOME opened at $20.41 on Friday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.34 and a beta of 1.44. At Home Group Inc has a 1-year low of $20.20 and a 1-year high of $40.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.89.
At Home Group (NYSE:HOME) last issued its quarterly earnings results on Thursday, December 6th. The financial services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.38 million. At Home Group had a return on equity of 7.43% and a net margin of 2.64%. At Home Group’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, equities analysts forecast that At Home Group Inc will post 0.75 EPS for the current year.
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At Home Group Company Profile
At Home Group Inc operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor décors, holiday accessories, home organization products, pillows, pottery, vases, and window treatments.
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