Capital One National Association Increased Smith & Wesson Hldg Corp (NASDAQ:SWHC) by $3.15 Million as Shares Rose


Capital One National Association increased its stake in Smith & Wesson Hldg Corp (NASDAQ:SWHC) by 65.65% based on its latest 2016Q2 regulatory filing with the SEC. Capital One National Association bought 121,129 shares as the company’s stock rose 14.35% with the market. The institutional investor held 305,644 shares of the ordnance and accessories company at the end of 2016Q2, valued at $8.14M, up from 184,515 at the end of the previous reported quarter. Capital One National Association who had been investing in Smith & Wesson Hldg Corp for a number of months, seems to be bullish on the $1.47B market cap company. The stock is down 0.76% or $0.2 hitting $26.72, despite the positive news. About 1.44M shares traded hands. Smith & Wesson Holding Corp (NASDAQ:SWHC) has risen 26.44% since February 8, 2016 and is uptrending. It has outperformed by 9.96% the S&P500.

Capital One National Association, which manages about $1.10B US Long portfolio, decreased its stake in Mckesson Corp (NYSE:MCK) by 24,405 shares to 14,135 shares, valued at $2.22 million in 2016Q2, according to the filing. It also reduced its holding in Vanguard Bd Index Fd Inc (BND) by 337,479 shares in the quarter, leaving it with 74,465 shares, and cut its stake in Ishares Tr (MUB).

The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.24, from 1.35 in 2016Q1. The ratio fall, as 40 funds sold all SWHC shares owned while 55 reduced positions. 31 funds bought stakes while 74 increased positions. They now own 36.64 million shares or 18.43% less from 44.91 million shares in 2016Q1.

Clark Estates Inc Ny holds 0.66% of its portfolio in SWHC for 122,000 shares. Hood River Capital Management Llc owns 164,946 shares or 0.6% of their US portfolio. Moreover, Origin Asset Management Llp has 0.49% invested in the company for 272,400 shares. The Massachusetts-based Granite Point Capital Management L.P. has invested 0.47% in the stock. Weiss Multi, a Alabama-based fund reported 219,125 shares.

Out of 8 analysts covering Smith & Wesson (NASDAQ:SWHC), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Smith & Wesson has been the topic of 18 analyst reports since October 13, 2015 according to StockzIntelligence Inc. Craig Hallum downgraded the stock on September 2 to “Hold” rating.

Smith & Wesson Holding Corporation is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The company has a market cap of $1.47 billion. The Firm operates through two divisions: firearms and accessories. It has a 13.34 P/E ratio. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and international, state and federal governments.

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