LCI Industries (LCII) Shares Bought by KAMES CAPITAL plc

KAMES CAPITAL plc boosted its stake in shares of LCI Industries (NYSE:LCII) by 33.1% during the fourth quarter, HoldingsChannel reports. The firm owned 377,277 shares of the company’s stock after acquiring an additional 93,848 shares during the period. KAMES CAPITAL plc’s holdings in LCI Industries were worth $48,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP grew its position in LCI Industries by 214.9% during the third quarter. GSA Capital Partners LLP now owns 23,807 shares of the company’s stock valued at $2,758,000 after purchasing an additional 16,246 shares in the last quarter. Cetera Advisors LLC bought a new stake in LCI Industries in the third quarter worth approximately $302,000. California Public Employees Retirement System grew its position in LCI Industries by 14.5% in the third quarter. California Public Employees Retirement System now owns 43,285 shares of the company’s stock worth $5,015,000 after acquiring an additional 5,485 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in LCI Industries in the third quarter worth approximately $273,000. Finally, Highbridge Capital Management LLC bought a new stake in LCI Industries in the third quarter worth approximately $351,000. 97.69% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries (NYSE:LCII) traded up $2.55 during mid-day trading on Friday, reaching $128.55. 123,700 shares of the company’s stock traded hands, compared to its average volume of 97,537. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.19 and a quick ratio of 1.03. The company has a market capitalization of $3,140.00, a P/E ratio of 22.91 and a beta of 1.28. LCI Industries has a 12 month low of $86.25 and a 12 month high of $132.73.

Several analysts have commented on the stock. BidaskClub raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Robert W. Baird reissued a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a research report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $119.00.

In other news, President Scott T. Mereness acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $114.00 per share, with a total value of $171,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jamie Schnur sold 3,800 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $128.29, for a total transaction of $487,502.00. Following the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at $491,222.41. The disclosure for this sale can be found here. Insiders sold 11,487 shares of company stock valued at $1,464,242 over the last three months. Insiders own 3.60% of the company’s stock.

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LCI Industries Company Profile

LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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