AXQ Capital LP bought a new position in Somnigroup International Inc. (NYSE:SGI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,000 shares of the company’s stock, valued at approximately $982,000.
A number of other institutional investors and hedge funds have also modified their holdings of SGI. Core Wealth Advisors LLC purchased a new stake in Somnigroup International in the 4th quarter worth about $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International in the 4th quarter valued at about $35,000. First Horizon Corp increased its holdings in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.
Somnigroup International Stock Down 1.0%
Shares of SGI opened at $68.04 on Wednesday. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The business’s fifty day simple moving average is $73.26. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56.
Somnigroup International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.76%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Bank of America lowered their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group cut their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.60.
Get Our Latest Stock Analysis on SGI
Somnigroup International Profile
Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.
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