Matterhorn Capital Management Lowers stake in Select Comfort Corp. (SCSS)

Select Comfort Corp. (SCSS) : Matterhorn Capital Management reduced its stake in Select Comfort Corp. by 34.05% during the most recent quarter end. The investment management company now holds a total of 60,875 shares of Select Comfort Corp. which is valued at $1,428,736 after selling 31,436 shares in Select Comfort Corp. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Select Comfort Corp. makes up approximately 0.89% of Matterhorn Capital Management’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 41,900 shares of SCSS which is valued $983,393. K.j. Harrison Partners Inc sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 10,000 shares of SCSS which is valued $230,400. Palo Capital sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 10,274 shares of SCSS which is valued $231,473.Simplex Trading boosted its stake in SCSS in the latest quarter, The investment management firm added 16,037 additional shares and now holds a total of 24,896 shares of Select Comfort Corp. which is valued at $585,056. Select Comfort Corp. makes up approx 0.07% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SCSS by selling 39,614 shares or 46.43% in the most recent quarter. The Hedge Fund company now holds 45,715 shares of SCSS which is valued at $1,028,130.

Select Comfort Corp. opened for trading at $26.74 and hit $27.22 on the upside on Monday, eventually ending the session at $25.7, with a gain of 2.84% or 0.71 points. The heightened volatility saw the trading volume jump to 16,97,276 shares. Company has a market cap of $1,180 M.

On the company’s financial health, Select Comfort Corp. reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.02. The company had revenue of $277.00 million for the quarter, compared to analysts expectations of $283.51 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Upgraded by BofA/Merrill to ” Neutral” on Jul 15, 2016.

Select Comfort Corporation is a designer manufacturer marketer retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products including FlextFit adjustable base technology and Sleep Number pillows sheets and other bedding products. The Company offers Sleep Number beds in a range of sizes including twin full queen eastern king California king and the FlexTop mattress. It offers Sleep Number beds in four series which includes Classic Series Performance Series Innovation Series and Memory Foam Series. The company’s Sleep Number bedding collection includes Create Your Perfect PillowSM and AirFit pillow which adjust to an individual’s size shape and sleeping position.

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