WINTON GROUP Ltd Has $827,000 Stock Position in SharkNinja, Inc. (NYSE:SN)

WINTON GROUP Ltd cut its stake in shares of SharkNinja, Inc. (NYSE:SN) by 43.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,009 shares of the company’s stock after selling 8,599 shares during the period. WINTON GROUP Ltd’s holdings in SharkNinja were worth $827,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of SharkNinja by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock worth $13,365,000 after purchasing an additional 7,710 shares during the period. Norges Bank bought a new position in SharkNinja in the fourth quarter valued at approximately $30,841,000. GW&K Investment Management LLC bought a new position in SharkNinja in the fourth quarter valued at approximately $12,151,000. Highland Peak Capital LLC bought a new position in SharkNinja in the fourth quarter valued at approximately $17,638,000. Finally, Artisan Partners Limited Partnership bought a new position in SharkNinja in the fourth quarter valued at approximately $15,761,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SN. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. China Renaissance began coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating on the stock. Bank of America lifted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group boosted their target price on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

SharkNinja Price Performance

Shares of NYSE:SN opened at $103.47 on Wednesday. The firm has a market cap of $14.48 billion, a PE ratio of 76.64, a price-to-earnings-growth ratio of 1.49 and a beta of 0.76. The firm’s fifty day moving average is $85.20 and its 200-day moving average is $74.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. SharkNinja, Inc. has a 52 week low of $38.69 and a 52 week high of $104.50.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. SharkNinja’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. Sell-side analysts predict that SharkNinja, Inc. will post 3.89 earnings per share for the current year.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.