Cypress Capital Management LLC Has Lowered Its Lear Corp (LEA) Holding as Shares Rose

December 13, 2017 - By Henry Gaston

Investors sentiment decreased to 0.84 in Q2 2017. Its down 0.25, from 1.09 in 2017Q1. It dropped, as 33 investors sold LEA shares while 186 reduced holdings. 57 funds opened positions while 127 raised stakes. 62.83 million shares or 1.53% less from 63.80 million shares in 2017Q1 were reported. Amp Capital Invsts stated it has 0.05% in Lear Corporation (NYSE:LEA). Lau Assocs Ltd Liability Co holds 9,023 shares or 1.02% of its portfolio. Advsr Asset Management Incorporated has invested 0.04% of its portfolio in Lear Corporation (NYSE:LEA). Clearbridge Invests Llc owns 214 shares for 0% of their portfolio. Pnc Svcs Grp holds 0% of its portfolio in Lear Corporation (NYSE:LEA) for 13,055 shares. 124,396 were accumulated by Asset Mgmt One. Chevy Chase Trust Holdings reported 1,898 shares or 0% of all its holdings. Etrade Cap Management Ltd Co owns 5,308 shares. Vanguard has invested 0.04% in Lear Corporation (NYSE:LEA). Amalgamated Bankshares reported 0.06% stake. Denali Advsrs Limited Liability Company has invested 0.71% in Lear Corporation (NYSE:LEA). Northern Tru stated it has 0.02% of its portfolio in Lear Corporation (NYSE:LEA). 10,150 were reported by First Houston Cap Inc. Gabelli Funds Llc holds 6,900 shares. Highbridge Capital Limited Liability has 18,208 shares.

Since September 18, 2017, it had 0 buys, and 3 sales for $1.60 million activity. WALLACE HENRY D G sold $690,025 worth of stock. 2,411 shares were sold by STEPHENS MEL, worth $416,802 on Friday, September 22.

Cypress Capital Management Llc decreased its stake in Lear Corp (LEA) by 94.63% based on its latest 2017Q2 regulatory filing with the SEC. Cypress Capital Management Llc sold 33,635 shares as the company’s stock rose 0.77% with the market. The institutional investor held 1,910 shares of the o.e.m. company at the end of 2017Q2, valued at $271,000, down from 35,545 at the end of the previous reported quarter. Cypress Capital Management Llc who had been investing in Lear Corp for a number of months, seems to be less bullish one the $11.87B market cap company. The stock decreased 0.39% or $0.69 during the last trading session, reaching $175.66. About 142,026 shares traded. Lear Corporation (NYSE:LEA) has risen 28.33% since December 13, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.

Cypress Capital Management Llc, which manages about $611.62 million and $418.35M US Long portfolio, upped its stake in Berkshire Hathaway Inc (BRKB) by 29,365 shares to 43,960 shares, valued at $7.45 million in 2017Q2, according to the filing.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on January, 25. They expect $4.27 earnings per share, up 12.37 % or $0.47 from last year’s $3.8 per share. LEA’s profit will be $288.49M for 10.28 P/E if the $4.27 EPS becomes a reality. After $3.96 actual earnings per share reported by Lear Corporation for the previous quarter, Wall Street now forecasts 7.83 % EPS growth.

More important recent Lear Corporation (NYSE:LEA) news were published by: Nasdaq.com which released: “Lear Corporation (LEA) Ex-Dividend Date Scheduled for December 07, 2017” on December 06, 2017, also Seekingalpha.com published article titled: “Lear to acquire EXO Technologies”, Seekingalpha.com published: “Bright Future Ahead For Lear Corp.” on December 08, 2017. More interesting news about Lear Corporation (NYSE:LEA) was released by: Prnewswire.com and their article: “Lear President and CEO Matt Simoncini Announces Retirement Date” with publication date: November 16, 2017.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 19 analysts covering Lear Corporation (NYSE:LEA), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Lear Corporation had 61 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, April 20 the stock rating was upgraded by Robert W. Baird to “Outperform”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, September 14 report. The firm has “Underweight” rating given on Thursday, June 8 by Morgan Stanley. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, June 1 report. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Tuesday, August 18 by UBS. The stock has “Neutral” rating by Seaport Global on Tuesday, August 9. The rating was maintained by Citigroup on Tuesday, August 2 with “Buy”. The company was maintained on Friday, April 28 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, April 28. On Thursday, October 26 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

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