Somnigroup International (NYSE:SGI) Director Simon Dyer Buys 32,000 Shares

Somnigroup International Inc. (NYSE:SGI) Director Simon Dyer acquired 32,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was bought at an average cost of $93.40 per share, for a total transaction of $2,988,800.00. Following the transaction, the director owned 36,800 shares of the company’s stock, valued at approximately $3,437,120. This trade represents a 666.67% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Somnigroup International Price Performance

Somnigroup International stock opened at $92.00 on Friday. Somnigroup International Inc. has a twelve month low of $53.10 and a twelve month high of $94.42. The company has a quick ratio of 0.38, a current ratio of 0.75 and a debt-to-equity ratio of 1.51. The company has a market cap of $19.31 billion, a PE ratio of 60.13, a P/E/G ratio of 1.79 and a beta of 1.32.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 billion for the quarter. Somnigroup International had a return on equity of 22.73% and a net margin of 4.62%.

Institutional Investors Weigh In On Somnigroup International

An institutional investor recently raised its position in Somnigroup International stock. Swiss Life Asset Management Ltd raised its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 85.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,065 shares of the company’s stock after purchasing an additional 4,168 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Somnigroup International were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Somnigroup International Company Profile

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.