Sterling Capital Management LLC Grows Stake in At Home Group Inc (HOME)

Sterling Capital Management LLC grew its position in At Home Group Inc (NYSE:HOME) by 27.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,073 shares of the financial services provider’s stock after buying an additional 11,394 shares during the period. Sterling Capital Management LLC owned 0.08% of At Home Group worth $1,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of At Home Group by 116.1% during the second quarter. US Bancorp DE now owns 3,015 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,620 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of At Home Group by 29.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 8,763 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 1,980 shares during the period. Engineers Gate Manager LP grew its stake in shares of At Home Group by 15.7% during the second quarter. Engineers Gate Manager LP now owns 15,355 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 2,086 shares during the period. Wells Fargo & Company MN grew its stake in shares of At Home Group by 18.4% during the first quarter. Wells Fargo & Company MN now owns 14,974 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 2,325 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of At Home Group by 123.8% during the second quarter. Legal & General Group Plc now owns 4,311 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 2,385 shares during the period. 61.61% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. Zacks Investment Research cut At Home Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 5th. Wells Fargo & Co reiterated a “buy” rating and set a $42.00 target price on shares of At Home Group in a report on Thursday, August 30th. ValuEngine lowered At Home Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Goldman Sachs Group upgraded At Home Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $41.00 to $39.00 in a report on Monday, October 1st. Finally, Bank of America set a $43.00 target price on At Home Group and gave the stock a “buy” rating in a report on Thursday, September 20th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.80.

In other news, CEO Lewis L. Bird III sold 30,435 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $37.13, for a total value of $1,130,051.55. Following the sale, the chief executive officer now directly owns 43,435 shares in the company, valued at $1,612,741.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lewis L. Bird III sold 60,870 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $35.00, for a total value of $2,130,450.00. Following the completion of the sale, the chief executive officer now owns 73,870 shares in the company, valued at $2,585,450. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,737,368 shares of company stock worth $157,218,898. Corporate insiders own 7.25% of the company’s stock.

HOME stock opened at $29.59 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.89. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 1.58 and a beta of 1.44. At Home Group Inc has a 1-year low of $20.58 and a 1-year high of $40.97.

At Home Group (NYSE:HOME) last posted its earnings results on Wednesday, August 29th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $288.50 million for the quarter, compared to analyst estimates of $286.50 million. At Home Group had a return on equity of 6.26% and a net margin of 1.95%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Analysts predict that At Home Group Inc will post 0.79 earnings per share for the current year.

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At Home Group Profile

At Home Group Inc operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.

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Institutional Ownership by Quarter for At Home Group (NYSE:HOME)

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