Penn Capital Management Co Inc buys $25.4 Million stake in Select Comfort Corp. (SCSS)

Select Comfort Corp. (SCSS) : Penn Capital Management Co Inc scooped up 238,453 additional shares in Select Comfort Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,127,925 shares of Select Comfort Corp. which is valued at $25.4 Million.Select Comfort Corp. makes up approximately 1.46% of Penn Capital Management Co Inc’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 108,900 shares of SCSS which is valued $2.5 Million. Trexquant Investment Lp sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 35,104 shares of SCSS which is valued $790,542. Nine Chapters Capital Management sold out all of its stake in SCSS during the most recent quarter. The investment firm sold 16,700 shares of SCSS which is valued $376,084.Matterhorn Capital Management reduced its stake in SCSS by selling 59,929 shares or 39.36% in the most recent quarter. The Hedge Fund company now holds 92,311 shares of SCSS which is valued at $2.3 Million. Select Comfort Corp. makes up approx 1.46% of Matterhorn Capital Management’s portfolio.Exane Derivatives reduced its stake in SCSS by selling 38 shares or 92.68% in the most recent quarter. The Hedge Fund company now holds 3 shares of SCSS which is valued at $74.

Select Comfort Corp. opened for trading at $21.62 and hit $22.07 on the upside on Friday, eventually ending the session at $22.06, with a gain of 2.60% or 0.56 points. The heightened volatility saw the trading volume jump to 4,19,099 shares. Company has a market cap of $1,029,893 M.

On the company’s financial health, Select Comfort Corp. reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.20. The company had revenue of $352.98 million for the quarter, compared to analysts expectations of $341.64 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Initiated by Longbow to “Neutral” on Mar 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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