Clarkston Capital Partners Has Increased Its Legg Mason (LM) Position by $23.14 Million as Valuation Declined; As Movado Group Com (MOV) Stock Value Declined, Gamco Investors Et Al Trimmed Its Holding

Legg Mason, Inc. (NYSE:LM) Logo

Clarkston Capital Partners Llc increased its stake in Legg Mason Inc (LM) by 20.09% based on its latest 2018Q3 regulatory filing with the SEC. Clarkston Capital Partners Llc bought 746,434 shares as the company’s stock declined 13.25% with the market. The institutional investor held 4.46M shares of the finance company at the end of 2018Q3, valued at $139.33M, up from 3.72 million at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Legg Mason Inc for a number of months, seems to be bullish on the $2.61B market cap company. The stock increased 0.79% or $0.24 during the last trading session, reaching $30.5. About 1.59 million shares traded or 62.23% up from the average. Legg Mason, Inc. (NYSE:LM) has declined 33.64% since February 24, 2018 and is downtrending. It has underperformed by 33.64% the S&P500. Some Historical LM News: 25/04/2018 – Legg Mason Raises Quarter Dividend to 34c; 30/05/2018 – DOJ PROBES LEGG MASON’S EX-PERMAL BIZ MGMT OF LIBYA GOVT ASSETS; 11/04/2018 – LEGG MASON – MONTH’S AUM INCLUDED NET LONG-TERM OUTFLOWS OF $2.7 BLN; 10/04/2018 – ClearBridge Energy MLP Fund Inc. Announces Results of Annual Meeting of Shareholders; 05/04/2018 – LEGG MASON INC LM.N : CREDIT SUISSE RAISES TARGET PRICE TO $52 FROM $50; 22/05/2018 – Western Asset Emerging Markets Debt Fund Inc. Announces Financial Position as of March 31, 2018; 10/04/2018 – ClearBridge Energy MLP Opportunity Fund Inc. Announces Results of Annual Meeting of Shareholders; 22/05/2018 – Western Asset Premier Bond Fund Announces Financial Position as of March 31, 2018; 28/03/2018 – Western Asset Intermediate Muni Fund Inc. Announces Results of Annual Meeting of Shareholders; 16/04/2018 – Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 28, 2018

Gamco Investors Inc Et Al decreased its stake in Movado Group Inc Com (MOV) by 9.07% based on its latest 2018Q3 regulatory filing with the SEC. Gamco Investors Inc Et Al sold 7,500 shares as the company’s stock declined 27.88% with the market. The hedge fund held 75,150 shares of the consumer specialties company at the end of 2018Q3, valued at $3.15 million, down from 82,650 at the end of the previous reported quarter. Gamco Investors Inc Et Al who had been investing in Movado Group Inc Com for a number of months, seems to be less bullish one the $789.42M market cap company. The stock increased 1.67% or $0.56 during the last trading session, reaching $34.18. About 99,450 shares traded. Movado Group, Inc. (NYSE:MOV) has risen 6.24% since February 24, 2018 and is uptrending. It has outperformed by 6.24% the S&P500. Some Historical MOV News: 30/05/2018 – Movado Sees FY19 Sales $615M-$625M; 27/03/2018 – Platts Petrochemical: North American #polypropylene sellers could see 2-cent margin expansions: source #AFPMFull story:… htt; 30/05/2018 – MOVADO GROUP INC MOV.N SEES FY 2019 SALES $615 MLN TO $625 MLN; 29/03/2018 – Movado Sees FY19 Net $50.5M-Net $52.8M; 29/03/2018 – MOVADO SEES FY ADJ EPS $2.15 TO $2.25; 29/03/2018 – Movado 4Q Loss/Shr $1.47; 29/03/2018 – Movado Recorded a $45M Provisional Tax Expense Related to the 2017 Tax Act; 29/03/2018 – Movado 4Q Loss $33.9M; 29/03/2018 – CORRECT: MOVADO FY ADJ EPS FORECAST REPORTED IN ERROR; 07/03/2018 Movado Opts Out of Baselworld, Sets Its Own Summit in Davos

More recent Legg Mason, Inc. (NYSE:LM) news were published by: which released: “Benzinga’s Top Upgrades, Downgrades For February 5, 2019 – Benzinga” on February 05, 2019. Also published the news titled: “10 Biggest Price Target Changes For Wednesday – Benzinga” on February 06, 2019. ‘s news article titled: “Stocks Moving After Hours: Seagate, STMicroelectronics, Google, Legg Mason – Yahoo Finance” with publication date: February 04, 2019 was also an interesting one.

Clarkston Capital Partners Llc, which manages about $457.76M and $2.73B US Long portfolio, decreased its stake in C H Robinson Worldwide Inc (NASDAQ:CHRW) by 32,705 shares to 1.05 million shares, valued at $102.66M in 2018Q3, according to the filing. It also reduced its holding in Graco Inc (NYSE:GGG) by 6,925 shares in the quarter, leaving it with 522,893 shares, and cut its stake in Landstar Sys Inc (NASDAQ:LSTR).

Investors sentiment increased to 1.17 in 2018 Q3. Its up 0.05, from 1.12 in 2018Q2. It is positive, as 49 investors sold LM shares while 77 reduced holdings. 41 funds opened positions while 106 raised stakes. 68.77 million shares or 2.98% less from 70.88 million shares in 2018Q2 were reported. Vident Investment Advisory Ltd Llc stated it has 80,959 shares or 0.1% of all its holdings. Price T Rowe Assocs Md owns 43,048 shares for 0% of their portfolio. Whittier Trust Of Nevada accumulated 1,079 shares or 0% of the stock. Comerica Incorporated holds 0.27% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 72,681 shares. Boston Private Wealth Lc holds 29,344 shares or 0.03% of its portfolio. Sg Americas Securities Limited Com reported 27,714 shares. Oppenheimer Asset holds 0.01% or 13,209 shares in its portfolio. Profund accumulated 0.01% or 8,188 shares. Nj State Employees Deferred Compensation Plan has 9,000 shares for 0.05% of their portfolio. Retirement Systems Of Alabama has 0.02% invested in Legg Mason, Inc. (NYSE:LM) for 110,428 shares. Sageworth Tru has 4,250 shares. Oxbow Advsr Ltd Liability accumulated 0.03% or 6,815 shares. Greenwich Wealth Mgmt Limited Liability has 68,196 shares for 0.37% of their portfolio. Comerica Natl Bank has invested 0.12% in Legg Mason, Inc. (NYSE:LM). 1,200 are owned by Bessemer Gru.

Since September 24, 2018, it had 0 insider purchases, and 1 sale for $317,905 activity.

Analysts await Movado Group, Inc. (NYSE:MOV) to report earnings on April, 4. They expect $0.54 earnings per share, up 3.85% or $0.02 from last year’s $0.52 per share. MOV’s profit will be $12.47M for 15.82 P/E if the $0.54 EPS becomes a reality. After $1.18 actual earnings per share reported by Movado Group, Inc. for the previous quarter, Wall Street now forecasts -54.24% negative EPS growth.

More notable recent Movado Group, Inc. (NYSE:MOV) news were published by: Fool.com which released: “Why Movado Group, Fiat Chrysler Automobiles, and Exact Sciences Jumped Today – The Motley Fool” on May 30, 2018, also Fool.com with their article: “Movado Group’s Latest Strong Quarter Just Wasn’t Enough – The Motley Fool” published on August 29, 2018, Fool.com published: “Why Movado Group, Inc. Stock Popped Today – The Motley Fool” on May 30, 2018. More interesting news about Movado Group, Inc. (NYSE:MOV) were released by: Seekingalpha.com and their article: “Movado: Setting The Clock For An Entry Point – Seeking Alpha” published on September 03, 2018 as well as Fool.com‘s news article titled: “Why Movado Group, Roku, and American Eagle Outfitters Slumped Today – The Motley Fool” with publication date: August 29, 2018.

Gamco Investors Inc Et Al, which manages about $14.76B US Long portfolio, upped its stake in Entercom Communications Corpcl (NYSE:ETM) by 47,994 shares to 692,540 shares, valued at $5.47M in 2018Q3, according to the filing. It also increased its holding in Cutera Inc Com (NASDAQ:CUTR) by 69,000 shares in the quarter, for a total of 660,800 shares, and has risen its stake in Smucker J M Co Com New (NYSE:SJM).

Movado Group, Inc. (NYSE:MOV) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.