Freestone Capital Holdings buys $22,775,704 stake in Select Comfort Corp. (SCSS)

Select Comfort Corp. (SCSS) : Freestone Capital Holdings scooped up 45,508 additional shares in Select Comfort Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 884,150 shares of Select Comfort Corp. which is valued at $22,775,704.Select Comfort Corp. makes up approximately 2.11% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management reduced its stake in SCSS by selling 2,189 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 193,589 shares of SCSS which is valued at $4,986,853. Select Comfort Corp. makes up approx 0.01% of Blackrock Investment Management’s portfolio.Airain Ltd boosted its stake in SCSS in the latest quarter, The investment management firm added 30,101 additional shares and now holds a total of 41,700 shares of Select Comfort Corp. which is valued at $1,042,083. Select Comfort Corp. makes up approx 0.06% of Airain Ltd’s portfolio.New Amsterdam Partnersny reduced its stake in SCSS by selling 347,971 shares or 80.34% in the most recent quarter. The Hedge Fund company now holds 85,147 shares of SCSS which is valued at $1,998,400. Select Comfort Corp. makes up approx 0.46% of New Amsterdam Partnersny’s portfolio.California State Teachers Retirement System reduced its stake in SCSS by selling 7,544 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 97,149 shares of SCSS which is valued at $2,280,087.

Select Comfort Corp. closed down -0.28 points or -1.03% at $26.99 with 3,69,161 shares getting traded on Friday. Post opening the session at $27.17, the shares hit an intraday low of $26.91 and an intraday high of $27.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Piper Jaffray to ” Overweight” on Aug 15, 2016. Company shares were Reiterated by Wedbush on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 27 from a previous price target of $21 .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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