Brown Advisory Inc. Takes Position in At Home Group Inc (HOME)

Brown Advisory Inc. acquired a new stake in At Home Group Inc (NYSE:HOME) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,533 shares of the financial services provider’s stock, valued at approximately $412,000.

Several other large investors also recently modified their holdings of the company. US Bancorp DE lifted its position in 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 buying an additional 1,620 shares during the period. Princeton Capital Management LLC purchased a new position in At Home Group during the second quarter worth about $157,000. Legal & General Group Plc lifted its position in 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 buying an additional 2,385 shares during the period. Fortaleza Asset Management Inc. purchased a new position in At Home Group during the second quarter worth about $172,000. Finally, MetLife Investment Advisors LLC purchased a new position in At Home Group during the first quarter worth about $173,000. Institutional investors and hedge funds own 61.44% of the company’s stock.

Shares of At Home Group stock traded up $0.35 during trading hours on Friday, reaching $29.32. The stock had a trading volume of 1,249,807 shares, compared to its average volume of 780,968. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.89 and a quick ratio of 0.08. At Home Group Inc has a 1 year low of $20.07 and a 1 year high of $40.97.

At Home Group (NYSE:HOME) last released its quarterly earnings data on Wednesday, August 29th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $288.50 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. Research analysts anticipate that At Home Group Inc will post 0.79 EPS for the current year.

In other news, major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total value of $152,035,292.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Norman E. Mcleod sold 2,592 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $33.24, for a total value of $86,158.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,899,755 shares of company stock valued at $163,126,294. Insiders own 7.25% of the company’s stock.

Several equities analysts recently weighed in on HOME shares. Zacks Investment Research downgraded At Home Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 5th. Jefferies Financial Group initiated coverage on At Home Group in a research report on Tuesday, August 21st. They set a “buy” rating and a $45.00 target price on the stock. ValuEngine downgraded At Home Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Wells Fargo & Co restated a “buy” rating and issued a $42.00 price objective on shares of At Home Group in a report on Thursday, August 30th. Finally, TheStreet upgraded At Home Group from a “c” rating to a “b-” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.10.

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.

Further Reading: Asset Allocation

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

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