GSA Capital Partners LLP Has $2.33 Million Position in Lamb Weston Holdings Inc (LW)

GSA Capital Partners LLP increased its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 49.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 35,018 shares of the specialty retailer’s stock after acquiring an additional 11,637 shares during the period. GSA Capital Partners LLP’s holdings in Lamb Weston were worth $2,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in Lamb Weston by 1,114.8% during the second quarter. Acadian Asset Management LLC now owns 1,810 shares of the specialty retailer’s stock worth $124,000 after buying an additional 1,661 shares during the last quarter. Fort L.P. acquired a new position in Lamb Weston during the second quarter worth approximately $124,000. Financial Advocates Investment Management acquired a new position in Lamb Weston during the second quarter worth approximately $200,000. Bredin Investment LLC acquired a new position in Lamb Weston during the second quarter worth approximately $202,000. Finally, Laurel Wealth Advisors Inc. acquired a new position in Lamb Weston during the second quarter worth approximately $209,000. Institutional investors and hedge funds own 78.77% of the company’s stock.

Shares of NYSE LW opened at $76.70 on Friday. Lamb Weston Holdings Inc has a twelve month low of $52.92 and a twelve month high of $83.86. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 2.18 and a beta of -0.53.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The company had revenue of $914.90 million for the quarter, compared to the consensus estimate of $879.68 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that Lamb Weston Holdings Inc will post 2.99 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were given a $0.191 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 1st. Lamb Weston’s payout ratio is 28.57%.

A number of brokerages have weighed in on LW. Stifel Nicolaus boosted their price target on Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Wednesday, October 3rd. ValuEngine downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Bank of America downgraded Lamb Weston from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $85.00 in a research report on Thursday, November 15th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Wednesday, October 24th. Finally, CL King downgraded Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $74.50.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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