Thomaspartners Has Lowered Its Leggett & Platt (LEG) Holding; Shorts at Bluelinx Holdings (BXC) Raised By 1658.65%

December 7, 2017 - By Vivian Park

Bluelinx Holdings Incorporated (NYSE:BXC) had an increase of 1658.65% in short interest. BXC’s SI was 233,900 shares in December as released by FINRA. Its up 1658.65% from 13,300 shares previously. With 270,900 avg volume, 1 days are for Bluelinx Holdings Incorporated (NYSE:BXC)’s short sellers to cover BXC’s short positions. The SI to Bluelinx Holdings Incorporated’s float is 8.35%. The stock decreased 0.81% or $0.08 during the last trading session, reaching $9.81. About 38,283 shares traded. Bluelinx Holdings Inc. (NYSE:BXC) has risen 34.71% since December 7, 2016 and is uptrending. It has outperformed by 18.01% the S&P500.

Thomaspartners Inc decreased Leggett & Platt Inc (LEG) stake by 28.48% reported in 2017Q2 SEC filing. Thomaspartners Inc sold 1.09 million shares as Leggett & Platt Inc (LEG)’s stock rose 4.13%. The Thomaspartners Inc holds 2.73 million shares with $143.58 million value, down from 3.82M last quarter. Leggett & Platt Inc now has $6.07B valuation. The stock decreased 3.09% or $1.47 during the last trading session, reaching $46.04. About 1.44M shares traded or 43.96% up from the average. Leggett & Platt, Incorporated (NYSE:LEG) has risen 4.35% since December 7, 2016 and is uptrending. It has underperformed by 12.35% the S&P500.

Thomaspartners Inc increased Novartis A G (NYSE:NVS) stake by 192,710 shares to 3.54M valued at $295.80M in 2017Q2. It also upped Alps Etf Tr (AMLP) stake by 2.21 million shares and now owns 25.12 million shares. Microsoft Corp (NASDAQ:MSFT) was raised too.

Analysts await Leggett & Platt, Incorporated (NYSE:LEG) to report earnings on January, 29. They expect $0.61 earnings per share, up 15.09% or $0.08 from last year’s $0.53 per share. LEG’s profit will be $80.41 million for 18.87 P/E if the $0.61 EPS becomes a reality. After $0.61 actual earnings per share reported by Leggett & Platt, Incorporated for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Leggett & Platt had 20 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, September 15 the stock rating was upgraded by Hilliard Lyons to “Buy”. On Friday, September 22 the stock rating was upgraded by Suntrust Robinson to “Buy”. Piper Jaffray initiated the stock with “Overweight” rating in Monday, June 5 report. Raymond James upgraded Leggett & Platt, Incorporated (NYSE:LEG) on Wednesday, February 1 to “Strong Buy” rating. Stifel Nicolaus maintained the shares of LEG in report on Friday, July 28 with “Hold” rating. The firm has “Neutral” rating given on Monday, October 30 by PiperJaffray. The rating was upgraded by Hilliard Lyons on Monday, July 24 to “Long-Term Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, September 6 report. The firm earned “Underperform” rating on Friday, July 29 by Hilliard Lyons. The rating was downgraded by Zacks on Wednesday, August 5 to “Buy”.

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.23, from 1.34 in 2017Q1. It fall, as 28 investors sold LEG shares while 147 reduced holdings. 53 funds opened positions while 141 raised stakes. 89.97 million shares or 3.59% less from 93.32 million shares in 2017Q1 were reported. Segment Wealth Mngmt Ltd Llc reported 6,855 shares. Opus Capital Gp Limited Liability Corp stated it has 0.05% in Leggett & Platt, Incorporated (NYSE:LEG). Cutter & Brokerage holds 0.23% or 10,900 shares. Bridgewater Associate Lp stated it has 0% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). Ronna Sue Cohen holds 8,220 shares. Livforsakringsbolaget Skandia Omsesidigt reported 2,515 shares. Ahl Prtn Ltd Liability Partnership reported 155,446 shares or 0.17% of all its holdings. First Advsr LP invested in 0.05% or 391,199 shares. Citadel Lc holds 904,774 shares or 0.04% of its portfolio. Wells Fargo & Mn, a California-based fund reported 774,525 shares. Argent Tru reported 98,163 shares or 2.13% of all its holdings. Comerica Natl Bank reported 0.03% in Leggett & Platt, Incorporated (NYSE:LEG). Old Dominion Capital Incorporated holds 0.61% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG) for 11,088 shares. Federated Pa owns 3,603 shares for 0% of their portfolio. Mutual Of America Capital Management Lc holds 16,018 shares.

BlueLinx Holdings Inc., through its subsidiary, BlueLinx Corporation, distributes building and industrial products in North America. The company has market cap of $89.25 million. It distributes products in two principal categories, structural products and specialty products. It has a 4.56 P/E ratio. The companyÂ’s structural products include plywood, oriented strand board, rebar and remesh, lumber, and other wood products primarily used for structural support, walls, and floorings in construction projects.

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