Victory Capital Management Inc. Lowers Holdings in Lazydays Holdings, Inc. (NASDAQ:LAZY)

Victory Capital Management Inc. reduced its position in shares of Lazydays Holdings, Inc. (NASDAQ:LAZY – Get Rating) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,583 shares of the company’s stock after selling 6,597 shares during the quarter. Victory Capital Management Inc. owned 1.61% of Lazydays worth $4,472,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new stake in Lazydays in the 4th quarter valued at about $26,000. BNP Paribas Arbitrage SA boosted its position in Lazydays by 92.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 4,763 shares of the company’s stock valued at $103,000 after buying an additional 2,288 shares during the period. FDx Advisors Inc. purchased a new position in Lazydays in the 1st quarter valued at approximately $214,000. OLD Mission Capital LLC purchased a new position in Lazydays in the 4th quarter valued at approximately $229,000. Finally, Corton Capital Inc. purchased a new stake in shares of Lazydays during the 4th quarter worth $235,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equity research analysts recently commented on LAZY shares. Truist Financial cut their price target on shares of Lazydays to $16.00 in a research note on Thursday, May 26th. TheStreet downgraded shares of Lazydays from a “b-” rating to a “c” rating in a report on Wednesday, May 4th.

Lazydays Stock Performance

Shares of LAZY stock opened at $15.86 on Wednesday. Lazydays Holdings, Inc. has a one year low of $11.25 and a one year high of $25.70. The company has a 50 day moving average price of $13.56 and a 200 day moving average price of $16.64. The firm has a market capitalization of $187.93 million, a price-to-earnings ratio of 3.97 and a beta of 1.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.46 and a current ratio of 1.36.

Insider Activity

In related news, major shareholder B. Riley Financial, Inc. acquired 7,754 shares of Lazydays stock in a transaction on Friday, July 1st. The shares were purchased at an average cost of $11.46 per share, for a total transaction of $88,860.84. Following the purchase, the insider now directly owns 247,663 shares of the company’s stock, valued at approximately $2,838,217.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders bought 102,327 shares of company stock worth $1,247,085. 24.40% of the stock is currently owned by company insiders.

Lazydays Company Profile

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Lazydays Holdings, Inc operates recreation vehicle (RV) dealerships under the Lazydays name in the United States. It provides RV sales, RV-repair and services, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities. The company also operates the Lazydays RV resort at Tampa, Florida.

Further Reading

Institutional Ownership by Quarter for Lazydays (NASDAQ:LAZY)

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