Zacks Investment Research Lowers SIGNA Sports United (NYSE:SSU) to Sell

Zacks Investment Research downgraded shares of SIGNA Sports United (NYSE:SSU – Get Rating) from a hold rating to a sell rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “SIGNA Sports United provide sports e-commerce and technology platform. SIGNA Sports United, formerly known as Yucaipa Acquisition Corporation, is based in BERLIN. “

Separately, Jefferies Financial Group initiated coverage on SIGNA Sports United in a report on Thursday, January 13th. They issued a buy rating and a $11.00 target price for the company.

Shares of SSU stock opened at $7.20 on Wednesday. SIGNA Sports United has a twelve month low of $6.65 and a twelve month high of $10.50. The stock has a fifty day moving average price of $7.71.

Hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new stake in shares of SIGNA Sports United in the 4th quarter worth $64,000. Citadel Advisors LLC bought a new position in shares of SIGNA Sports United in the 4th quarter worth $165,000. Clear Street LLC bought a new position in shares of SIGNA Sports United in the 4th quarter worth $196,000. Kepos Capital LP bought a new position in shares of SIGNA Sports United in the 4th quarter worth $823,000. Finally, Blair William & Co. IL bought a new position in shares of SIGNA Sports United in the 4th quarter worth $5,082,000. Institutional investors and hedge funds own 16.15% of the company’s stock.

SIGNA Sports United Company Profile (Get Rating)

SIGNA Sports United N.V. operates online sports web shops in the European Union, Switzerland, Norway, the United Kingdom, and the United States. Its product categories include bike, tennis/racket sports, outdoor, and team sports and athleisure. The company is headquartered in Berlin, Germany.

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