Alyeska Investment Group LP Position in Lowes Cos INC (LOW) Has Upped by $172.02 Million

February 22, 2018 - By Clifton Ray

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. It improved, as 76 investors sold LOW shares while 406 reduced holdings. 115 funds opened positions while 384 raised stakes. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. Clearbridge Invs Limited Liability Corp stated it has 0.01% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Transamerica Finance Advsr has 0% invested in Lowe's Companies, Inc. (NYSE:LOW). Adage Capital Partners Grp Ltd Llc stated it has 0.24% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Doheny Asset Mngmt Ca accumulated 4,254 shares. The California-based Fdx has invested 0.26% in Lowe's Companies, Inc. (NYSE:LOW). Gotham Asset Mgmt Limited Liability Company stated it has 820,267 shares. Violich Cap Management has 0.32% invested in Lowe's Companies, Inc. (NYSE:LOW). Balyasny Asset Management invested in 0.97% or 3.11 million shares. Liberty Mutual Grp Inc Asset Mgmt reported 0.17% in Lowe's Companies, Inc. (NYSE:LOW). Great Lakes holds 0.05% or 28,711 shares. Farmers And Merchants has invested 1.14% in Lowe's Companies, Inc. (NYSE:LOW). Mitsubishi Ufj Securities Holding stated it has 0.22% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Mark Sheptoff Planning Ltd Com holds 1,037 shares or 0.06% of its portfolio. Gateway Investment Advisers Ltd Limited Liability Company holds 657,982 shares or 0.46% of its portfolio. Hartline Corp reported 15,270 shares or 0.37% of all its holdings.

Since September 19, 2017, it had 0 buys, and 2 selling transactions for $778,532 activity. Another trade for 2,098 shares valued at $163,675 was sold by Ramsay Paul D.

Anand Parekh increased its stake in Lowes Cos Inc (LOW) by 196.75% based on its latest 2017Q3 regulatory filing with the SEC. Alyeska Investment Group Lp bought 2.18 million shares as the company’s stock rose 10.23% with the market. The hedge fund run by Anand Parekh held 3.28 million shares of the consumer services company at the end of 2017Q3, valued at $262.54M, up from 1.11 million at the end of the previous reported quarter. Alyeska Investment Group Lp who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $80.07 billion market cap company. The stock increased 1.22% or $1.16 during the last trading session, reaching $96.5. About 770,504 shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since February 22, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Alyeska Investment Group Lp, which manages about $3.14B and $12.39B US Long portfolio, decreased its stake in U S Silica Hldgs Inc (NYSE:SLCA) by 829,413 shares to 565,031 shares, valued at $17.56 million in 2017Q3, according to the filing. It also reduced its holding in Broadsoft Inc (NASDAQ:BSFT) by 140,209 shares in the quarter, leaving it with 103,209 shares, and cut its stake in Navistar Intl Corp New (NYSE:NAV).

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Seekingalpha.com which released: “This Stock Has Gone Too ‘LOW’ After Recent Pullback” on February 20, 2018, also Prnewswire.com with their article: “Lowe’s Companies, Inc. Invites You to Join Its Fourth Quarter 2017 Earnings …” published on February 21, 2018, Prnewswire.com published: “Lowe’s Commits To Developing Future Skilled Trades Workforce With New Employee …” on February 22, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Investorplace.com and their article: “It’s Time to Take Profits in Lowe’s Companies, Inc. Stock” published on February 06, 2018 as well as Fool.com‘s news article titled: “Time to Get Greedy with Lowe’s Companies, Inc. Stock” with publication date: January 24, 2018.

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

Among 33 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Lowe’s Companies Inc. had 87 analyst reports since August 19, 2015 according to SRatingsIntel. UBS maintained the stock with “Buy” rating in Thursday, November 23 report. As per Wednesday, November 22, the company rating was maintained by SunTrust. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Hold” rating by Zacks on Thursday, August 20. Goldman Sachs maintained the shares of LOW in report on Wednesday, April 6 with “Buy” rating. RBC Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) on Wednesday, November 22 with “Buy” rating. The rating was maintained by Piper Jaffray on Friday, September 29 with “Hold”. RBC Capital Markets maintained the shares of LOW in report on Monday, September 25 with “Buy” rating. Piper Jaffray maintained it with “Hold” rating and $80.0 target in Wednesday, August 23 report. The firm has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. Credit Suisse maintained it with “Outperform” rating and $83 target in Thursday, August 24 report.

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