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Third Avenue Management Has Raised Legg Mason (LM) Holding by $5.25 Million; Stock Declined; Cypress Funds Holding in Boeing Co (BA) Increased as Share Value Rose

The Boeing Company (NYSE:BA) Logo

Cypress Funds Llc increased its stake in Boeing Co (BA) by 114.6% based on its latest 2017Q4 regulatory filing with the SEC. Cypress Funds Llc bought 78,500 shares as the company’s stock rose 8.82% while stock markets declined. The hedge fund held 147,000 shares of the aerospace company at the end of 2017Q4, valued at $43.35 million, up from 68,500 at the end of the previous reported quarter. Cypress Funds Llc who had been investing in Boeing Co for a number of months, seems to be bullish on the $200.23 billion market cap company. The stock decreased 0.34% or $1.15 during the last trading session, reaching $340.97. About 2.23 million shares traded. The Boeing Company (NYSE:BA) has risen 82.35% since May 17, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Martin Whitman increased its stake in Legg Mason Inc. (LM) by 215.87% based on its latest 2017Q4 regulatory filing with the SEC. Third Avenue Management Llc bought 128,079 shares as the company’s stock declined 6.25% with the market. The hedge fund run by Martin Whitman held 187,411 shares of the finance company at the end of 2017Q4, valued at $7.87M, up from 59,332 at the end of the previous reported quarter. Third Avenue Management Llc who had been investing in Legg Mason Inc. for a number of months, seems to be bullish on the $3.29B market cap company. The stock decreased 0.21% or $0.08 during the last trading session, reaching $38.87. About 1.46 million shares traded or 79.04% up from the average. Legg Mason, Inc. (NYSE:LM) has risen 12.20% since May 17, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Investors sentiment increased to 1.52 in Q4 2017. Its up 0.51, from 1.01 in 2017Q3. It is positive, as 20 investors sold LM shares while 88 reduced holdings. 60 funds opened positions while 104 raised stakes. 74.56 million shares or 0.52% less from 74.95 million shares in 2017Q3 were reported. The Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Principal Finance Gp reported 367,375 shares or 0.01% of all its holdings. Utah Retirement Systems holds 0.01% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 15,247 shares. Northern holds 712,841 shares. 83,466 were accumulated by Gargoyle Investment Advisor Ltd Liability. Koch Inc holds 0.12% of its portfolio in Legg Mason, Inc. (NYSE:LM) for 19,476 shares. M&R Capital reported 469 shares. Arrowstreet Cap Ltd Partnership has invested 0.02% of its portfolio in Legg Mason, Inc. (NYSE:LM). Liberty Mutual Grp Inc Asset Mgmt Inc reported 0.03% of its portfolio in Legg Mason, Inc. (NYSE:LM). 200 were reported by Hillsdale Inv Mngmt Inc. Contravisory Invest holds 0.07% in Legg Mason, Inc. (NYSE:LM) or 4,409 shares. Manufacturers Life Insur The has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Paragon Cap Mngmt Limited holds 0.13% in Legg Mason, Inc. (NYSE:LM) or 7,685 shares. Parkside Bankshares And has 0% invested in Legg Mason, Inc. (NYSE:LM) for 63 shares. 21,500 were reported by New Mexico Educational Retirement Board.

Another recent and important Legg Mason, Inc. (NYSE:LM) news was published by Seekingalpha.com which published an article titled: “Legg Mason (LM) Q4 2018 Results – Earnings Call Transcript” on April 26, 2018.

Third Avenue Management Llc, which manages about $2.08B US Long portfolio, decreased its stake in Weyerhaeuser Company (NYSE:WY) by 311,696 shares to 5.32 million shares, valued at $187.73M in 2017Q4, according to the filing. It also reduced its holding in First Industrial Realty Trust Inc. (NYSE:FR) by 98,409 shares in the quarter, leaving it with 1.69M shares, and cut its stake in Haynes International Inc. (NASDAQ:HAYN).

Among 15 analysts covering Legg Mason Inc. (NYSE:LM), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Legg Mason Inc. had 72 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Legg Mason, Inc. (NYSE:LM) earned “Hold” rating by Jefferies on Wednesday, April 11. The firm has “Hold” rating given on Wednesday, January 10 by Jefferies. The stock of Legg Mason, Inc. (NYSE:LM) has “Buy” rating given on Tuesday, October 10 by Jefferies. The stock has “Buy” rating by Keefe Bruyette & Woods on Sunday, August 27. Wood maintained Legg Mason, Inc. (NYSE:LM) rating on Friday, October 14. Wood has “Outperform” rating and $44 target. The stock has “Buy” rating by Deutsche Bank on Friday, April 6. On Tuesday, March 29 the stock rating was maintained by Jefferies with “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, June 30. RBC Capital Markets maintained Legg Mason, Inc. (NYSE:LM) rating on Wednesday, April 25. RBC Capital Markets has “Buy” rating and $4800 target. The firm has “Outperform” rating by Wood given on Thursday, September 3.

Since February 8, 2018, it had 0 insider buys, and 6 sales for $18.83 million activity. Shares for $12.17M were sold by Smith Gregory D on Thursday, February 8. LUTTIG J MICHAEL had sold 9,000 shares worth $3.10 million on Wednesday, May 9. The insider CAPOZZI HEIDI B sold $373,379. Verbeck Robert E sold $948,261 worth of The Boeing Company (NYSE:BA) on Friday, May 4. Another trade for 2,241 shares valued at $762,543 was made by Hyslop Gregory L on Monday, May 7.

Among 27 analysts covering Boeing (NYSE:BA), 19 have Buy rating, 1 Sell and 7 Hold. Therefore 70% are positive. Boeing had 117 analyst reports since August 26, 2015 according to SRatingsIntel. As per Friday, March 24, the company rating was maintained by Jefferies. Morgan Stanley maintained The Boeing Company (NYSE:BA) on Thursday, August 17 with “Equal-Weight” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, April 28. The firm has “Buy” rating by Seaport Global given on Wednesday, January 17. The rating was maintained by Jefferies on Wednesday, July 5 with “Buy”. The rating was maintained by RBC Capital Markets on Friday, September 1 with “Hold”. Goldman Sachs maintained the stock with “Sell” rating in Friday, April 28 report. RBC Capital Markets maintained The Boeing Company (NYSE:BA) on Friday, October 6 with “Hold” rating. Cowen & Co maintained The Boeing Company (NYSE:BA) rating on Monday, July 17. Cowen & Co has “Buy” rating and $25500 target. Credit Suisse maintained the stock with “Buy” rating in Tuesday, October 24 report.

The Boeing Company (NYSE:BA) Institutional Positions Chart

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