La Z Boy (LZB) Share Value Declined While Monroe Bank & Trust Has Decreased by $763,034 Its Stake; American Asset Management Has Decreased Position in General Electric Co (GE) as Share Price Declined

April 17, 2018 - By wolcottdaily

La-Z-Boy Incorporated (NYSE:LZB) Logo

Monroe Bank & Trust decreased its stake in La Z Boy Inc (LZB) by 26.81% based on its latest 2017Q4 regulatory filing with the SEC. Monroe Bank & Trust sold 24,614 shares as the company’s stock declined 7.42% with the market. The institutional investor held 67,206 shares of the home furnishings company at the end of 2017Q4, valued at $2.10 million, down from 91,820 at the end of the previous reported quarter. Monroe Bank & Trust who had been investing in La Z Boy Inc for a number of months, seems to be less bullish one the $1.41 billion market cap company. The stock decreased 0.25% or $0.075 during the last trading session, reaching $29.875. About 145,197 shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 8.12% since April 17, 2017 and is uptrending. It has underperformed by 3.43% the S&P500.

American Asset Management Inc decreased its stake in General Electric Co (GE) by 54.22% based on its latest 2017Q4 regulatory filing with the SEC. American Asset Management Inc sold 19,052 shares as the company’s stock declined 23.20% with the market. The institutional investor held 16,087 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $281,000, down from 35,139 at the end of the previous reported quarter. American Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $119.66B market cap company. The stock increased 3.38% or $0.45 during the last trading session, reaching $13.78. About 53.88 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Argus Research on Wednesday, December 23 with “Buy”. On Wednesday, April 26 the stock rating was downgraded by Bank of America to “Neutral”. As per Wednesday, October 11, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained the stock with “Hold” rating in Wednesday, April 11 report. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Tuesday, April 3. Stifel Nicolaus has “Hold” rating and $13 target. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, June 7. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, July 25. The rating was downgraded by Bernstein on Monday, April 4 to “Market Perform”. Oppenheimer downgraded General Electric Company (NYSE:GE) on Monday, September 21 to “Perform” rating.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It turned negative, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Logan Cap Mgmt invested in 493,327 shares or 0.6% of the stock. Grandfield And Dodd Llc holds 0.23% of its portfolio in General Electric Company (NYSE:GE) for 123,848 shares. Reilly Limited Company stated it has 24,111 shares or 0.06% of all its holdings. Moneta Advisors Limited Liability Company reported 48,715 shares. Cramer Rosenthal Mcglynn Lc stated it has 8,246 shares. Bowling Portfolio Management Llc holds 66,346 shares or 0.15% of its portfolio. Arizona State Retirement System has invested 0.39% of its portfolio in General Electric Company (NYSE:GE). Grimes And, Massachusetts-based fund reported 126,852 shares. Mitchell Sinkler Starr Pa reported 39,449 shares stake. Wellington Shields Capital Management Ltd Liability Com reported 0.74% of its portfolio in General Electric Company (NYSE:GE). Homrich Berg holds 56,377 shares or 0.07% of its portfolio. Comerica reported 0.02% in General Electric Company (NYSE:GE). Keybank National Association Oh has 3.75 million shares. Ledyard Bank reported 149,551 shares. Fairview Cap Investment Mgmt Lc holds 22,766 shares or 0.02% of its portfolio.

Since January 26, 2018, it had 1 buying transaction, and 0 selling transactions for $43,446 activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20 before the open. They expect $0.11 earnings per share, down 47.62% or $0.10 from last year’s $0.21 per share. GE’s profit will be $955.19M for 31.32 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Analysts await La-Z-Boy Incorporated (NYSE:LZB) to report earnings on June, 19. They expect $0.64 EPS, up 12.28% or $0.07 from last year’s $0.57 per share. LZB’s profit will be $30.12M for 11.67 P/E if the $0.64 EPS becomes a reality. After $0.45 actual EPS reported by La-Z-Boy Incorporated for the previous quarter, Wall Street now forecasts 42.22% EPS growth.

Monroe Bank & Trust, which manages about $320.43M US Long portfolio, upped its stake in Texas Instrs Inc (NASDAQ:TXN) by 6,400 shares to 6,501 shares, valued at $679,000 in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLP) by 13,229 shares in the quarter, for a total of 61,198 shares, and has risen its stake in Vanguard Bd Index Fd Inc (BIV).

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.23, from 0.85 in 2017Q3. It increased, as 18 investors sold LZB shares while 62 reduced holdings. 36 funds opened positions while 50 raised stakes. 39.83 million shares or 0.74% less from 40.13 million shares in 2017Q3 were reported. Landscape Capital Ltd Liability stated it has 42,796 shares. Gamco Investors Et Al accumulated 423,940 shares. Retail Bank Of America De accumulated 0% or 166,446 shares. Swiss State Bank has 80,400 shares for 0% of their portfolio. Tower Rech Capital Ltd Company (Trc) holds 0% in La-Z-Boy Incorporated (NYSE:LZB) or 770 shares. Gsa Limited Liability Partnership accumulated 0.02% or 10,352 shares. Botty Lc invested 5.28% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). Bnp Paribas Arbitrage reported 57,386 shares stake. Public Employees Retirement Systems Of Ohio reported 0% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). First Advisors Limited Partnership holds 0.01% or 81,511 shares. Moreover, Canada Pension Plan Inv Board has 0% invested in La-Z-Boy Incorporated (NYSE:LZB). Assetmark holds 15 shares. Pub Employees Retirement Association Of Colorado, Colorado-based fund reported 11,287 shares. Texas Permanent School Fund holds 0.01% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB) for 32,609 shares. Vident Advisory Limited Company has invested 0.12% in La-Z-Boy Incorporated (NYSE:LZB).

Since February 22, 2018, it had 0 buys, and 1 insider sale for $2.09 million activity.

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. La-Z-Boy had 15 analyst reports since August 20, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of LZB in report on Thursday, November 30 with “Hold” rating. Raymond James downgraded La-Z-Boy Incorporated (NYSE:LZB) on Thursday, January 5 to “Mkt Perform” rating. The rating was maintained by Stifel Nicolaus on Thursday, August 24 with “Hold”. The stock of La-Z-Boy Incorporated (NYSE:LZB) has “Buy” rating given on Wednesday, March 2 by Sidoti. As per Thursday, September 28, the company rating was maintained by KeyBanc Capital Markets. The rating was upgraded by Zacks to “Hold” on Tuesday, August 18. On Thursday, October 6 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock of La-Z-Boy Incorporated (NYSE:LZB) has “Hold” rating given on Thursday, February 23 by Stifel Nicolaus. The stock of La-Z-Boy Incorporated (NYSE:LZB) earned “Hold” rating by Stifel Nicolaus on Wednesday, September 27. BB&T Capital downgraded La-Z-Boy Incorporated (NYSE:LZB) on Wednesday, January 27 to “Hold” rating.

La-Z-Boy Incorporated (NYSE:LZB) Institutional Positions Chart

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