13GD Runner: Why Vulcan Value Partners Reported Big Select Comfort Corp Position?

13GD Runner: Why Vulcan Value Partners Reported Big Select Comfort Corp Position?

The New Vulcan Value Partners Holding in Select Comfort Corp

Vulcan Value Partners filed with the SEC SC 13G form for Select Comfort Corp. The form can be accessed here: 000155678516000096. As reported in Vulcan Value Partners’s form, the filler as of late owns 13.22% or 5,942,616 shares of the Consumer Discretionary–company.

Select Comfort Corp stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Vulcan Value Partners’s positive view for the stock. For a institutional investor managing $6.07 billion in assets and having 26+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Select Comfort Corp Institutional Sentiment

Latest Security and Exchange filings show 196 investors own Select Comfort Corp. The institutional ownership in Q3 2015 is high, at 101.20% of the outstanding shares. This is decreased by 4979495 the total institutional shares. 45478427 were the shares owned by these institutional investors. In total 28 funds opened new Select Comfort Corp stakes, 89 increased stakes. There were 46 that closed positions and 63 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Blue Clay Capital Management Llc, Birch Run Capital Advisors Lp..

Robert Raiff Raiff Partners Inc is an institutional investor bullish on Select Comfort Corp, owning 5000 shares as of Q3 2015 for 0.32% of its portfolio. Scott A. Bedford Penn Capital Management Co Inc owns 855768 shares or 0.99% of its portfolio. MN Blue Clay Capital Management Llc have 15.00% of their stock portfolio for 860297 shares. Further, Birch Run Capital Advisors Lp reported stake worth 7.12% of its US stock portfolio. The TX Matterhorn Capital Management Llc owns 131025 shares. Select Comfort Corp is 1.38% of the manager’s US portfolio.

Business Profile

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 and California king. It offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. The Performance Series includes its mattresses with a balance of softness and pressure relieving support. The series includes the Sleep Number p5 and p6 beds. The Memory Foam Series is breathable and contouring. The series includes the Sleep Number m6 and m7 beds.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Vulcan Value Partners website.

Insitutional Activity: The institutional sentiment increased to 0.6 in Q2 2016. Its up 0.03, from 0.57 in 2016Q1. The ratio is positive, as 25 funds sold all Select Comfort Corp. shares owned while 71 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 47.01 million shares or 3.16% less from 48.54 million shares in 2016Q1.

California State Teachers Retirement Systems has 97,149 shares for 0% of their US portfolio. Freestone Llc last reported 1.85% of its portfolio in the stock. Us Savings Bank De holds 0% or 1,521 shares in its portfolio. Sei Invests Co accumulated 2,338 shares or 0% of the stock. Copper Rock Partners Ltd Liability Company has 1.11 million shares for 1.8% of their US portfolio. Dimensional Fund Advsr Limited Partnership has 0.02% invested in the company for 1.81M shares. Fincl Bank Of New York Mellon Corporation has 599,762 shares for 0% of their US portfolio. The Texas-based Capstone Asset Co has invested 0.01% in Select Comfort Corp. (NASDAQ:SCSS). South Dakota Investment Council has 0.02% invested in the company for 50,400 shares. Guggenheim Cap Ltd Com last reported 66,065 shares in the company. Cipher Capital L P last reported 0.14% of its portfolio in the stock. Monroe National Bank And Tru Mi holds 0.23% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS) for 31,582 shares. The Alabama-based Vulcan Value Ltd Limited Liability Company has invested 0.87% in Select Comfort Corp. (NASDAQ:SCSS). Blue Clay Cap Limited Liability Corporation, a Minnesota-based fund reported 823,297 shares. The United Kingdom-based Gsa Prns Llp has invested 0.08% in Select Comfort Corp. (NASDAQ:SCSS).

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 1 sale for $89,607 net activity. CARLIN ANDREW P sold $89,607 worth of stock or 3,200 shares.

About 270,520 shares traded hands. Select Comfort Corp. (NASDAQ:SCSS) has risen 8.05% since April 8, 2016 and is uptrending. It has outperformed by 2.40% the S&P500.

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The company has a market cap of $1.02 billion. 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. It has a 49.95 P/E ratio. The Firm also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.

Select Comfort Corp. (NASDAQ:SCSS) Ratings Coverage

Out of 6 analysts covering Select Comfort (NASDAQ:SCSS), 3 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 50% are positive. $35 is the highest target while $20 is the lowest. The $27.40 average target is 28.16% above today’s ($21.38) stock price. Select Comfort has been the topic of 13 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The stock of Select Comfort Corp. (NASDAQ:SCSS) has “Neutral” rating given on Tuesday, March 15 by Longbow. The stock of Select Comfort Corp. (NASDAQ:SCSS) earned “Sell” rating by UBS on Thursday, September 29. The stock of Select Comfort Corp. (NASDAQ:SCSS) has “Overweight” rating given on Monday, August 15 by Piper Jaffray. The company was maintained on Thursday, August 11 by Wedbush. The company was upgraded on Friday, January 29 by Wedbush. The rating was maintained by Wedbush with “Outperform” on Friday, February 12. The stock of Select Comfort Corp. (NASDAQ:SCSS) earned “Neutral” rating by Piper Jaffray on Tuesday, December 22. The firm has “Neutral” rating given on Friday, July 15 by Bank of America. Piper Jaffray maintained the stock with “Overweight” rating in Wednesday, October 21 report. The firm has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus.

More notable recent Select Comfort Corp. (NASDAQ:SCSS) news were published by: Fool.com which released: “Why Select Comfort Corp’s Shares Plunged 11% in October” on November 08, 2016, also Fool.com with their article: “Why Select Comfort Corporation Stock Dropped 15% Last Month” published on March 09, 2016, Fool.com published: “Why Select Comfort Corporation Stock Bounced Today” on April 29, 2016. More interesting news about Select Comfort Corp. (NASDAQ:SCSS) were released by: Fool.com and their article: “Shares of Select Comfort Corp. Get Annihilated After Posting Deep Loss and …” published on February 12, 2016 as well as Nasdaq.com‘s news article titled: “Select Comfort Corp Q3 Profit Drops 19%” with publication date: October 19, 2016.

According to Zacks Investment Research, “SELECT COMFORT is engaged in the manufacture, specialty retailing and direct marketing of premium quality, innovative adjustable-firmness beds and other sleep-related products.”

SCSS Company Profile

Select Comfort Corporation, incorporated on February 27, 1987, 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 Firm also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products. The Firm offers Sleep Number beds in a range of sizes, including twin, full, queen, eastern king and California king. It offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. The Performance Series includes its mattresses with a balance of softness and pressure relieving support. The series includes the Sleep Number p5 and p6 beds. The Memory Foam Series is breathable and contouring. The series includes the Sleep Number m6 and m7 beds. The Innovation Series is focused on individualized comfort and temperature balancing. The series includes the Sleep Number i8 and i10 beds. The company’s Sleep Number x12 bed features the integration of multiple technology options, including its exclusive FlexFit three adjustable base, and its SleepIQ technology.

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