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AE Wealth Management LLC Purchases Shares of 30,735 Conn’s, Inc. (NASDAQ:CONN)

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AE Wealth Management LLC purchased a new stake in Conn’s, Inc. (NASDAQ:CONN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,735 shares of the specialty retailer’s stock, valued at approximately $702,000. AE Wealth Management LLC owned approximately 0.10% of Conn’s at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CONN. Meeder Asset Management Inc. raised its position in Conn’s by 399.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,318 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 1,854 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in Conn’s in the 2nd quarter valued at about $126,000. Advisor Group Holdings Inc. acquired a new stake in Conn’s in the 2nd quarter valued at about $135,000. MetLife Investment Management LLC acquired a new stake in Conn’s in the 2nd quarter valued at about $172,000. Finally, Louisiana State Employees Retirement System raised its position in Conn’s by 5.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 500 shares in the last quarter. 54.36% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded Conn’s from a “buy” rating to a “hold” rating in a report on Wednesday, December 1st.

CONN opened at $23.52 on Friday. Conn’s, Inc. has a one year low of $11.26 and a one year high of $31.48. The company has a market cap of $694.24 million, a P/E ratio of 5.61, a PEG ratio of 0.23 and a beta of 2.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.06 and a current ratio of 2.97. The business’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $23.46.

Conn’s (NASDAQ:CONN) last released its quarterly earnings data on Tuesday, December 7th. The specialty retailer reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Conn’s had a return on equity of 20.87% and a net margin of 8.09%. The business had revenue of $405.50 million for the quarter, compared to the consensus estimate of $383.18 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, analysts predict that Conn’s, Inc. will post 3.91 earnings per share for the current fiscal year.

Conn’s Company Profile

Conn’s, Inc is a holding company, which engages in the retail and provision of consumer goods and related services. The firm also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. It operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market; and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories.

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