As Legg Mason (LM) Market Value Rose, Mesirow Financial Investment Management Us Value Equity Has Raised by $2.50 Million Its Holding; Omni Partners Llp Holding in Akorn (AKRX) Has Decreased by $1.57 Million

February 15, 2018 - By Darrin Black

Mesirow Financial Investment Management Us Value Equity increased its stake in Legg Mason Inc (LM) by 16.63% based on its latest 2017Q3 regulatory filing with the SEC. Mesirow Financial Investment Management Us Value Equity bought 64,230 shares as the company’s stock rose 3.81% with the market. The institutional investor held 450,375 shares of the finance company at the end of 2017Q3, valued at $17.71M, up from 386,145 at the end of the previous reported quarter. Mesirow Financial Investment Management Us Value Equity who had been investing in Legg Mason Inc for a number of months, seems to be bullish on the $3.31B market cap company. The stock increased 2.27% or $0.87 during the last trading session, reaching $39.2. About 931,243 shares traded. Legg Mason, Inc. (NYSE:LM) has risen 21.07% since February 15, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Omni Partners Llp decreased its stake in Akorn Inc (AKRX) by 10.97% based on its latest 2017Q3 regulatory filing with the SEC. Omni Partners Llp sold 47,655 shares as the company’s stock rose 52.48% with the market. The hedge fund held 386,572 shares of the health care company at the end of 2017Q3, valued at $12.83 million, down from 434,227 at the end of the previous reported quarter. Omni Partners Llp who had been investing in Akorn Inc for a number of months, seems to be less bullish one the $3.92B market cap company. The stock decreased 0.10% or $0.03 during the last trading session, reaching $31.3. About 1.17 million shares traded. Akorn, Inc. (NASDAQ:AKRX) has risen 12.04% since February 15, 2017 and is uptrending. It has underperformed by 4.66% the S&P500.

Mesirow Financial Investment Management Us Value Equity, which manages about $12.10B and $1.52B US Long portfolio, decreased its stake in Omnicell Inc (NASDAQ:OMCL) by 102,230 shares to 387,042 shares, valued at $19.76 million in 2017Q3, according to the filing. It also reduced its holding in Adtalem Global Ed Inc by 16,630 shares in the quarter, leaving it with 504,215 shares, and cut its stake in Sanmina Corporation (NASDAQ:SANM).

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.01, from 1.02 in 2017Q2. It dropped, as 34 investors sold LM shares while 91 reduced holdings. 34 funds opened positions while 92 raised stakes. 74.95 million shares or 1.72% less from 76.26 million shares in 2017Q2 were reported. Bessemer Grp holds 1,410 shares or 0% of its portfolio. Massachusetts-based Alpha Windward Limited Liability Company has invested 0.33% in Legg Mason, Inc. (NYSE:LM). Ameriprise Fincl has invested 0.01% in Legg Mason, Inc. (NYSE:LM). Boyar Asset Management invested in 0.21% or 7,237 shares. Tiaa Cref Inv Management Llc reported 307,096 shares. Brown Advisory has 9,389 shares for 0% of their portfolio. Huntington Bankshares reported 0% stake. 88,566 were accumulated by Riverhead Cap Management Ltd Limited Liability Company. Moreover, World Investors has 0.01% invested in Legg Mason, Inc. (NYSE:LM) for 915,285 shares. State Board Of Administration Of Florida Retirement System reported 0.02% stake. Susquehanna Intl Ltd Liability Partnership reported 40,365 shares. Ahl Partners Limited Liability Partnership accumulated 0.09% or 134,286 shares. Comerica Retail Bank holds 612,687 shares or 0.17% of its portfolio. 11,005 were reported by Advantus Mngmt Inc. Junto Mgmt Ltd Partnership stated it has 711,950 shares or 2.29% of all its holdings.

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 63 analyst reports since August 4, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Legg Mason, Inc. (NYSE:LM) rating on Thursday, September 28. Keefe Bruyette & Woods has “Buy” rating and $47.0 target. The stock of Legg Mason, Inc. (NYSE:LM) earned “Buy” rating by RBC Capital Markets on Thursday, July 27. RBC Capital Markets maintained Legg Mason, Inc. (NYSE:LM) on Monday, May 2 with “Sector Perform” rating. As per Tuesday, March 29, the company rating was maintained by Jefferies. The stock of Legg Mason, Inc. (NYSE:LM) has “Buy” rating given on Tuesday, October 10 by Jefferies. The stock of Legg Mason, Inc. (NYSE:LM) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The rating was upgraded by Danske Bank to “Sell” on Wednesday, August 26. The rating was initiated by RBC Capital Markets on Friday, June 30 with “Outperform”. On Thursday, January 25 the stock rating was maintained by Citigroup with “Neutral”. The stock of Legg Mason, Inc. (NYSE:LM) has “Buy” rating given on Tuesday, October 17 by Deutsche Bank.

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