Lear Corporation (LEA) Holder Denali Advisors LLC Has Raised Stake by $3.78 Million

April 17, 2018 - By Vivian Currie

Lear Corporation (NYSE:LEA) LogoInvestors sentiment increased to 0.96 in Q4 2017. Its up 0.04, from 0.92 in 2017Q3. It improved, as 26 investors sold LEA shares while 172 reduced holdings. 50 funds opened positions while 141 raised stakes. 58.04 million shares or 3.12% less from 59.92 million shares in 2017Q3 were reported. Fiera Capital accumulated 1,192 shares. Assetmark holds 0.01% or 3,091 shares. Stevens Cap LP reported 24,739 shares stake. 13,367 are owned by Redmond Asset Mgmt Ltd Liability Corporation. Vigilant Capital Mgmt Lc holds 0.01% of its portfolio in Lear Corporation (NYSE:LEA) for 350 shares. 2.49 million are held by Aqr Capital Mngmt Lc. Putnam Invs Limited owns 198,099 shares. Parametric Portfolio Associates Limited Liability Com, Washington-based fund reported 449,547 shares. Jennison Assocs Ltd Liability holds 0% or 10,724 shares. Millennium Limited Liability Co holds 0.03% of its portfolio in Lear Corporation (NYSE:LEA) for 132,200 shares. Earnest Prtn Limited Liability Company holds 0% or 39 shares in its portfolio. Adage Cap Grp Limited Liability Co reported 50,206 shares or 0.02% of all its holdings. Atria Invests Ltd Liability invested in 2,285 shares or 0.02% of the stock. First Trust Advsrs Limited Partnership reported 165,782 shares stake. Pictet Asset Mngmt Ltd owns 24,248 shares or 0.01% of their US portfolio.

Since February 16, 2018, it had 0 buys, and 10 selling transactions for $46.04 million activity. 5,373 shares valued at $1.02 million were sold by BURGESS SHARI L on Friday, February 16. RUNKLE DONALD L sold $190,671 worth of stock or 1,000 shares. DiDonato Thomas A sold $4.07M worth of Lear Corporation (NYSE:LEA) on Friday, February 16. On Friday, February 16 Larkin Terrence B sold $4.33M worth of Lear Corporation (NYSE:LEA) or 22,756 shares. 21,706 Lear Corporation (NYSE:LEA) shares with value of $4.13M were sold by Orsini Frank C. $4.86M worth of Lear Corporation (NYSE:LEA) was sold by SCOTT RAYMOND E on Friday, February 16.

Denali Advisors Llc increased its stake in Lear Corporation (LEA) by 66.56% based on its latest 2017Q4 regulatory filing with the SEC. Denali Advisors Llc bought 21,500 shares as the company’s stock rose 4.15% while stock markets declined. The institutional investor held 53,800 shares of the o.e.m. company at the end of 2017Q4, valued at $9.50 million, up from 32,300 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Lear Corporation for a number of months, seems to be bullish on the $13.10B market cap company. The stock increased 0.83% or $1.62 during the last trading session, reaching $197.69. About 326,117 shares traded. Lear Corporation (NYSE:LEA) has risen 33.95% since April 17, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.

Denali Advisors Llc, which manages about $357.49M and $644.62 million US Long portfolio, decreased its stake in Oneok Inc. (NYSE:OKE) by 69,400 shares to 15,200 shares, valued at $812,000 in 2017Q4, according to the filing. It also reduced its holding in Entertainment Properties (NYSE:EPR) by 116,900 shares in the quarter, leaving it with 73,800 shares, and cut its stake in United Continental Hldg Inc. (NYSE:UAL).

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 13 analysts covering Lear (NYSE:LEA), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Lear had 21 analyst reports since October 20, 2017 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Monday, January 29 report. The firm has “Buy” rating by Deutsche Bank given on Wednesday, February 7. The company was maintained on Thursday, January 18 by Cowen & Co. The stock of Lear Corporation (NYSE:LEA) has “Outperform” rating given on Thursday, October 26 by RBC Capital Markets. On Tuesday, January 30 the stock rating was upgraded by Goldman Sachs to “Hold”. The firm earned “Buy” rating on Thursday, October 26 by Cowen & Co. On Thursday, October 26 the stock rating was downgraded by Guggenheim to “Neutral”. As per Friday, October 20, the company rating was maintained by Barclays Capital. The stock of Lear Corporation (NYSE:LEA) earned “Buy” rating by Cowen & Co on Friday, January 26. On Monday, November 13 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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