Premier Asset Managment LLC Has Upped Lowes Companies INC (LOW) Holding by $4.35 Million as Stock Price Rose

June 20, 2017 - By Nellie Frank

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.09, from 0.93 in 2016Q3. It fall, as 87 investors sold LOW shares while 444 reduced holdings. 103 funds opened positions while 341 raised stakes. 627.42 million shares or 0.25% less from 629.02 million shares in 2016Q3 were reported. Farmers Bancorp accumulated 14,824 shares. Mogy Joel R Inv Counsel stated it has 0.05% of its portfolio in Lowe’s Companies, Inc. (NYSE:LOW). Samlyn Lc has invested 0.38% in Lowe’s Companies, Inc. (NYSE:LOW). 12,172 were reported by First City Cap. 43,294 are held by Provise Mgmt Grp Limited Liability Corp. Nuveen Asset Mngmt Ltd Liability has invested 0.1% in Lowe’s Companies, Inc. (NYSE:LOW). Artisan Ptnrs Partnership stated it has 242,531 shares or 0.04% of all its holdings. Guardian Life Ins Communications Of America owns 3,333 shares for 0.03% of their portfolio. Moreover, 1832 Asset LP has 0.31% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 1.17M shares. Pictet Asset Mngmt Limited reported 610,418 shares. Burns J W & Ny holds 19,808 shares or 0.41% of its portfolio. Cwm Ltd Liability Company reported 1,346 shares stake. Sphera Funds Mgmt holds 0.05% or 2,600 shares in its portfolio. Bnp Paribas Arbitrage Sa owns 420,939 shares or 0.14% of their US portfolio. Mrj Cap Inc reported 54,700 shares stake.

Since March 3, 2017, it had 0 buys, and 8 sales for $44.98 million activity. NIBLOCK ROBERT A also sold $36.24 million worth of Lowe’s Companies, Inc. (NYSE:LOW) on Monday, March 6. 3,568 shares valued at $290,089 were sold by Peace Nelson B on Monday, March 6. $753,162 worth of Lowe’s Companies, Inc. (NYSE:LOW) was sold by Hollifield Matthew V on Friday, March 3. Shares for $2.48 million were sold by Ramsay Paul D. On Tuesday, May 30 the insider Maltsbarger Richard D sold $936,115. 17,152 shares were sold by DAMRON RICKY D, worth $1.41 million on Saturday, April 1. $1.04 million worth of Lowe’s Companies, Inc. (NYSE:LOW) was sold by CROOM MARSHALL A.

Premier Asset Managment Llc increased its stake in Lowes Companies Inc (LOW) by 130.8% based on its latest 2016Q4 regulatory filing with the SEC. Premier Asset Managment Llc bought 61,280 shares as the company’s stock rose 10.23% with the market. The institutional investor held 108,130 shares of the consumer services company at the end of 2016Q4, valued at $7.69 million, up from 46,850 at the end of the previous reported quarter. Premier Asset Managment Llc who had been investing in Lowes Companies Inc for a number of months, seems to be bullish on the $69.38 billion market cap company. The stock declined 0.23% or $0.19 reaching $80.89 on the news. About 1.28 million shares traded. Lowe’s Companies, Inc. (NYSE:LOW) has risen 5.92% since June 20, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

More notable recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Seekingalpha.com which released: “Lowe’s: Mastering The 5 Fundamentals Of Retail” on June 19, 2017, also Seekingalpha.com with their article: “Lowe’s: Good, Just Not Good Enough” published on May 24, 2017, Seekingalpha.com published: “Lowe’s: Sell This Mess” on May 25, 2017. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) were released by: Seekingalpha.com and their article: “Lowe’s: Don’t Rush In Yet” published on May 25, 2017 as well as Investorplace.com‘s news article titled: “Why Lowe’s Companies, Inc. (LOW) Stock Isn’t Slowing Down Soon” with publication date: May 22, 2017.

Lowe’s Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 20 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. Lowe’s Companies Inc. had 35 analyst reports since August 19, 2015 according to SRatingsIntel. As per Thursday, November 19, the company rating was maintained by RBC Capital Markets. As per Monday, December 19, the company rating was downgraded by Citigroup. The rating was maintained by Cantor Fitzgerald with “Hold” on Wednesday, August 19. The company was downgraded on Wednesday, October 26 by JP Morgan. The stock of Lowe’s Companies, Inc. (NYSE:LOW) earned “Hold” rating by S&P Research on Wednesday, August 19. Wedbush downgraded Lowe’s Companies, Inc. (NYSE:LOW) rating on Wednesday, October 26. Wedbush has “Neutral” rating and $73 target. Bernstein initiated Lowe’s Companies, Inc. (NYSE:LOW) rating on Monday, February 6. Bernstein has “Underperform” rating and $66 target. Goldman Sachs maintained the shares of LOW in report on Wednesday, April 6 with “Buy” rating. Argus Research maintained Lowe’s Companies, Inc. (NYSE:LOW) rating on Thursday, August 20. Argus Research has “Buy” rating and $84 target. On Thursday, November 19 the stock rating was upgraded by Zelman to “Buy”.

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