Bryn Mawr Capital Management LLC Reduces Position in Lowe’s Companies, Inc. (NYSE:LOW)

Bryn Mawr Capital Management LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 79.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,017 shares of the home improvement retailer’s stock after selling 19,288 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Lowe’s Companies were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB raised its position in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Lowe’s Companies by 75.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after purchasing an additional 22,812 shares during the last quarter. Elevated Capital Advisors LLC raised its holdings in Lowe’s Companies by 3.7% during the third quarter. Elevated Capital Advisors LLC now owns 2,573 shares of the home improvement retailer’s stock worth $697,000 after purchasing an additional 91 shares in the last quarter. MFA Wealth Advisors LLC lifted its position in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares during the last quarter. Finally, McAdam LLC boosted its holdings in shares of Lowe’s Companies by 3.6% in the 3rd quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock valued at $395,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $246.63 on Friday. The business has a 50 day simple moving average of $253.77 and a 200-day simple moving average of $258.57. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market capitalization of $139.26 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.99 and a beta of 1.11.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Mizuho lifted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.