Bank of New York Mellon Corp Has $475,000 Position in Snap One Holdings Corp. (NASDAQ:SNPO)

Bank of New York Mellon Corp boosted its position in Snap One Holdings Corp. (NASDAQ:SNPOFree Report) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,442 shares of the company’s stock after purchasing an additional 1,771 shares during the quarter. Bank of New York Mellon Corp owned about 0.07% of Snap One worth $475,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in Snap One by 533.0% in the 4th quarter. Barclays PLC now owns 4,836 shares of the company’s stock valued at $35,000 after purchasing an additional 4,072 shares during the period. UBS Group AG boosted its stake in Snap One by 2,779.6% in the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after purchasing an additional 7,616 shares during the period. Citigroup Inc. boosted its stake in Snap One by 1,447.8% in the 2nd quarter. Citigroup Inc. now owns 5,928 shares of the company’s stock valued at $69,000 after purchasing an additional 5,545 shares during the period. Jane Street Group LLC acquired a new position in Snap One in the 4th quarter valued at $86,000. Finally, Deutsche Bank AG raised its holdings in Snap One by 41.2% in the 1st quarter. Deutsche Bank AG now owns 10,831 shares of the company’s stock valued at $101,000 after acquiring an additional 3,163 shares in the last quarter. 92.96% of the stock is currently owned by institutional investors.

Snap One Price Performance

Snap One stock opened at $8.45 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.69 and a current ratio of 2.30. Snap One Holdings Corp. has a 52 week low of $6.70 and a 52 week high of $12.38. The stock has a market capitalization of $646.68 million, a P/E ratio of -33.80 and a beta of 1.27. The stock has a fifty day moving average of $8.52 and a 200-day moving average of $8.68.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Snap One from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Morgan Stanley dropped their price objective on Snap One from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Finally, TheStreet cut Snap One from a “c-” rating to a “d+” rating in a report on Friday, November 24th.

Check Out Our Latest Stock Report on SNPO

Snap One Company Profile

(Free Report)

Snap One Holdings Corp. provides smart living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; and infrastructure products, which include structured wiring and cable products, racks, and mounts.

Further Reading

Institutional Ownership by Quarter for Snap One (NASDAQ:SNPO)

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