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Holder Third Avenue Management Has Boosted Legg Mason (LM) Stake; Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Has Decreased Owens Corning (OC) Position by $6.47 Million as Market Valuation Declined

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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 $7.87 million, 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 0.41% or $0.16 during the last trading session, reaching $38.89. About 374,791 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 12.20% since May 24, 2017 and is uptrending. It has outperformed by 0.65% the S&P500.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp decreased its stake in Owens Corning (OC) by 46.93% based on its latest 2017Q4 regulatory filing with the SEC. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp sold 71,100 shares as the company’s stock declined 11.77% with the market. The institutional investor held 80,400 shares of the industrial machinery and components company at the end of 2017Q4, valued at $7.39 million, down from 151,500 at the end of the previous reported quarter. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp who had been investing in Owens Corning for a number of months, seems to be less bullish one the $7.12B market cap company. The stock increased 0.74% or $0.47 during the last trading session, reaching $64.33. About 1.42M shares traded. Owens Corning (NYSE:OC) has risen 32.24% since May 24, 2017 and is uptrending. It has outperformed by 20.69% the S&P500.

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 $2.08 billion US Long portfolio, decreased its stake in Lennar Corp. (NYSE:LEN) by 243,838 shares to 2.63 million shares, valued at $166.03M in 2017Q4, according to the filing. It also reduced its holding in Comerica Inc. (NYSE:CMA) by 301,227 shares in the quarter, leaving it with 546,343 shares, and cut its stake in Anixter International Inc. (NYSE:AXE).

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 firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, May 29. Barclays Capital initiated Legg Mason, Inc. (NYSE:LM) rating on Friday, September 8. Barclays Capital has “Equal Weight” rating and $39 target. The stock of Legg Mason, Inc. (NYSE:LM) earned “Buy” rating by Jefferies on Wednesday, September 6. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 24. The rating was upgraded by Barclays Capital on Thursday, August 13 to “Overweight”. The rating was downgraded by Morgan Stanley to “Underweight” on Thursday, October 5. Piper Jaffray maintained the stock with “Overweight” rating in Monday, November 2 report. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, July 27. The stock has “Buy” rating by Jefferies on Tuesday, March 29. On Tuesday, November 3 the stock rating was upgraded by Susquehanna to “Neutral”.

Since May 15, 2018, it had 0 buys, and 3 selling transactions for $1.35 million activity. Merchant Thomas C also sold $98,436 worth of Legg Mason, Inc. (NYSE:LM) shares. SULLIVAN JOSEPH A sold $1.22 million worth of Legg Mason, Inc. (NYSE:LM) on Tuesday, May 15.

Investors sentiment increased to 1.52 in 2017 Q4. Its up 0.51, from 1.01 in 2017Q3. It improved, 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. Weiss Multi stated it has 0.05% of its portfolio in Legg Mason, Inc. (NYSE:LM). Winfield Associates has invested 0% of its portfolio in Legg Mason, Inc. (NYSE:LM). Great West Life Assurance Comm Can stated it has 0% in Legg Mason, Inc. (NYSE:LM). New York-based Tiaa Cref Invest Mngmt Llc has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Mesirow Inv Mngmt stated it has 401,293 shares or 1.19% of all its holdings. The Tennessee-based Delta Asset Limited Com Tn has invested 0% in Legg Mason, Inc. (NYSE:LM). Rhumbline Advisers reported 169,829 shares. Murphy Pohlad Asset Mngmt Ltd Llc has invested 0.14% in Legg Mason, Inc. (NYSE:LM). Moreover, Voya Invest Mgmt Limited Liability Com has 0.02% invested in Legg Mason, Inc. (NYSE:LM) for 247,967 shares. Us Bank De has 0% invested in Legg Mason, Inc. (NYSE:LM) for 4,821 shares. Boston Common Asset Llc holds 0.15% in Legg Mason, Inc. (NYSE:LM) or 30,306 shares. Salzhauer Michael reported 8,169 shares. State Of Wisconsin Invest Board invested in 0% or 16,963 shares. Janney Cap Management Llc accumulated 0.01% or 7,225 shares. 78,935 are held by Graybill Bartz Assocs Limited.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.19, from 1.26 in 2017Q3. It fall, as 32 investors sold OC shares while 135 reduced holdings. 71 funds opened positions while 107 raised stakes. 99.29 million shares or 1.88% less from 101.20 million shares in 2017Q3 were reported. 37,357 were accumulated by State Of Tennessee Treasury Department. 837,764 were accumulated by Citadel Advisors Limited Company. Korea Corp holds 0.05% or 125,100 shares. The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.06% in Owens Corning (NYSE:OC). Weiss Multi holds 0.1% of its portfolio in Owens Corning (NYSE:OC) for 41,886 shares. Oppenheimer Asset Mngmt holds 0.01% of its portfolio in Owens Corning (NYSE:OC) for 4,873 shares. Dnb Asset Mgmt As holds 0.01% of its portfolio in Owens Corning (NYSE:OC) for 11,800 shares. Foundry Limited Com invested in 0.01% or 2,283 shares. Invesco Ltd reported 0.02% stake. Castleark Mngmt Limited Liability Co invested in 64,785 shares. 49,006 were accumulated by Mader And Shannon Wealth Mngmt. Hightower Advisors Limited Liability Com, Illinois-based fund reported 3,582 shares. Bluecrest Mngmt Limited holds 33,285 shares or 0.08% of its portfolio. 1.36 million are held by Geode Capital Mgmt Limited Liability Corporation. France-based Natixis Asset Mgmt has invested 0.24% in Owens Corning (NYSE:OC).

Among 25 analysts covering Owens Corning (NYSE:OC), 15 have Buy rating, 0 Sell and 10 Hold. Therefore 60% are positive. Owens Corning had 84 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Equal Weight” rating by Barclays Capital given on Friday, January 6. FBR Capital maintained the shares of OC in report on Friday, April 28 with “Mkt Perform” rating. The firm earned “Overweight” rating on Thursday, April 26 by KeyBanc Capital Markets. RBC Capital Markets maintained Owens Corning (NYSE:OC) on Tuesday, November 14 with “Buy” rating. As per Wednesday, June 28, the company rating was maintained by Barclays Capital. The firm earned “Neutral” rating on Wednesday, April 4 by Goldman Sachs. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, January 11. RBC Capital Markets maintained Owens Corning (NYSE:OC) rating on Monday, June 19. RBC Capital Markets has “Buy” rating and $7100 target. The firm earned “Buy” rating on Tuesday, October 3 by Jefferies. SunTrust maintained the shares of OC in report on Thursday, October 26 with “Hold” rating.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp, which manages about $11.42B US Long portfolio, upped its stake in Mercer Intl Inc (NASDAQ:MERC) by 113,700 shares to 188,000 shares, valued at $2.69 million in 2017Q4, according to the filing. It also increased its holding in United Parcel Service Inc (NYSE:UPS) by 27,000 shares in the quarter, for a total of 138,900 shares, and has risen its stake in Bioverativ Inc.

Since March 13, 2018, it had 0 buys, and 2 insider sales for $4.93 million activity. 59,541 shares were sold by Genis Arnaud, worth $4.84 million on Wednesday, March 14.

Analysts await Owens Corning (NYSE:OC) to report earnings on July, 25. They expect $1.45 earnings per share, up 20.83% or $0.25 from last year’s $1.2 per share. OC’s profit will be $160.53M for 11.09 P/E if the $1.45 EPS becomes a reality. After $0.80 actual earnings per share reported by Owens Corning for the previous quarter, Wall Street now forecasts 81.25% EPS growth.

Owens Corning (NYSE:OC) Institutional Positions Chart

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