Somnigroup International Inc. $SGI Shares Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC lifted its holdings in Somnigroup International Inc. (NYSE:SGI) by 28.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,859 shares of the company’s stock after buying an additional 29,446 shares during the period. Somnigroup International makes up 1.2% of IPG Investment Advisors LLC’s holdings, making the stock its 21st biggest position. IPG Investment Advisors LLC owned 0.06% of Somnigroup International worth $8,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SGI. BlackRock Inc. purchased a new position in Somnigroup International during the second quarter worth approximately $1,507,604,000. Linonia Partnership LP acquired a new position in Somnigroup International in the second quarter valued at approximately $519,372,000. Bank of America Corp DE acquired a new position in Somnigroup International in the second quarter valued at approximately $204,632,000. Avala Global LP purchased a new position in Somnigroup International in the second quarter worth approximately $107,831,000. Finally, Bank of New York Mellon Corp purchased a new position in Somnigroup International in the second quarter worth approximately $106,681,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Somnigroup International news, CEO Scott Thompson purchased 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.99% of the stock is currently owned by corporate insiders.

Somnigroup International Trading Down 1.7%

SGI opened at $65.31 on Wednesday. Somnigroup International Inc. has a 52 week low of $60.08 and a 52 week high of $98.56. The business has a fifty day simple moving average of $64.19 and a 200-day simple moving average of $73.61. The firm has a market cap of $13.74 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.09 and a beta of 1.30. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. The business had revenue of $1.82 billion during the quarter. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities analysts expect that Somnigroup International Inc. will post 3.10 earnings per share for the current year.

Analyst Ratings Changes

SGI has been the topic of a number of research analyst reports. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Zacks Research upgraded Somnigroup International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. UBS Group raised their price objective on Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley initiated coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $95.00.

About Somnigroup International

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.