As Lear Corporation (LEA) Share Value Rose, Denali Advisors LLC Upped by $3.78 Million Its Holding

April 17, 2018 - By Louis Casey

Lear Corporation (NYSE:LEA) LogoInvestors sentiment increased to 0.96 in Q4 2017. Its up 0.04, from 0.92 in 2017Q3. It is positive, 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. Ferguson Wellman Capital Mngmt holds 2,645 shares or 0.02% of its portfolio. Legg Mason Asset (Japan) stated it has 0.81% in Lear Corporation (NYSE:LEA). Smith Moore holds 0.07% of its portfolio in Lear Corporation (NYSE:LEA) for 1,500 shares. Quantitative Systematic Strategies Limited Liability Corporation holds 0.55% or 12,337 shares. Scopus Asset Management Ltd Partnership holds 0.14% or 83,600 shares in its portfolio. Spitfire Capital Ltd Liability Corp holds 57,427 shares or 4.49% of its portfolio. Benjamin F Edwards Inc has 0.02% invested in Lear Corporation (NYSE:LEA). First Interstate Bankshares holds 0.02% of its portfolio in Lear Corporation (NYSE:LEA) for 496 shares. Moreover, Vanguard Gru has 0.05% invested in Lear Corporation (NYSE:LEA) for 6.37M shares. Farmers Merchants Invests holds 100 shares. Moreover, Rhumbline Advisers has 0.03% invested in Lear Corporation (NYSE:LEA) for 80,816 shares. Northpointe Limited Liability Corp holds 0.29% or 14,786 shares in its portfolio. Smith Graham Inv Advisors Ltd Partnership invested 0.63% in Lear Corporation (NYSE:LEA). Fund Management, France-based fund reported 51,548 shares. Mckinley Management Ltd Liability Company Delaware stated it has 0.54% of its portfolio in Lear Corporation (NYSE:LEA).

Since February 16, 2018, it had 0 insider buys, and 10 sales for $46.04 million activity. Orsini Frank C had sold 21,706 shares worth $4.13 million on Friday, February 16. Another trade for 25,545 shares valued at $4.86M was sold by SCOTT RAYMOND E. Vanneste Jeffrey H. sold $3.88M worth of stock. On Friday, February 16 the insider Kunkel Jay K. sold $1.27 million. 21,415 shares valued at $4.07 million were sold by DiDonato Thomas A on Friday, February 16. 17,006 Lear Corporation (NYSE:LEA) shares with value of $3.28M were sold by STEPHENS MEL.

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 $644.62M US Long portfolio, decreased its stake in Dte Energy Corp. (NYSE:DTE) by 37,400 shares to 10,200 shares, valued at $1.12M in 2017Q4, according to the filing. It also reduced its holding in Oneok Inc. (NYSE:OKE) by 69,400 shares in the quarter, leaving it with 15,200 shares, and cut its stake in Hp Inc..

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. The rating was maintained by Cowen & Co on Thursday, January 18 with “Buy”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, October 26. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Tuesday, January 23 by Robert W. Baird. RBC Capital Markets maintained Lear Corporation (NYSE:LEA) rating on Tuesday, December 19. RBC Capital Markets has “Buy” rating and $232.0 target. The stock of Lear Corporation (NYSE:LEA) has “Hold” rating given on Thursday, October 26 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, October 26 by Guggenheim. The rating was maintained by Guggenheim on Monday, January 8 with “Hold”. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Monday, November 13. On Wednesday, February 14 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by Guggenheim on Monday, January 29 with “Hold”.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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