Old Mutual Global Investors UK Ltd. Takes $20.93 Million Position in Sleep Number Corp (SNBR)

Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Sleep Number Corp (NASDAQ:SNBR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 556,844 shares of the company’s stock, valued at approximately $20,931,000.

Other hedge funds also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Sleep Number in the third quarter worth $114,107,000. Acadian Asset Management LLC acquired a new stake in shares of Sleep Number in the fourth quarter worth $27,020,000. River Road Asset Management LLC acquired a new stake in shares of Sleep Number in the fourth quarter worth $26,988,000. Mutual of America Capital Management LLC acquired a new stake in shares of Sleep Number in the fourth quarter worth $23,681,000. Finally, Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Sleep Number in the fourth quarter worth $22,295,000.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of Sleep Number from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, Bank of America set a $33.00 price objective on shares of Sleep Number and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.43.

In related news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $34.99, for a total value of $279,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Patricia Ann Dirks sold 8,560 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $33.90, for a total value of $290,184.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,560 shares of company stock valued at $1,174,984. 4.00% of the stock is owned by company insiders.

Sleep Number Corp (NASDAQ:SNBR) opened at $37.04 on Thursday. The company has a market capitalization of $1,458.17, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.05 and a beta of 0.74. Sleep Number Corp has a 12-month low of $20.93 and a 12-month high of $40.72.

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About Sleep Number

Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.

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Institutional Ownership by Quarter for Sleep Number (NASDAQ:SNBR)

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