Pinnacle Associates Ltd. disclosed to the Securities and Exchange Commission the most recent information regarding the company’s holdings in Lear Co. (NYSE: LEA), which revealed a decrease of 14.4% in the company’s portfolio during the third quarter (SEC). The institutional investor now has 9,406 shares of the company’s stock in possession after selling 1,580 shares of the auto parts company’s stock during the quarter in question. The value of the holdings in Lear that were reported to belong to Pinnacle Associates Ltd. as of the close of the most recent reporting period was reported to be $1,126,000.
Other institutional investors and hedge funds have recently made adjustments to their holdings in the company, either increasing or decreasing the percentage of the total value of their stakes.
The value of American Century Companies Inc.’s holdings in Lear increased by 4.0 percent over the first three months of 2018. American Century Companies Inc. now has 10,192 shares of the auto parts company’s stock, which are currently valued at $1,454,000 after making an additional purchase of 390 shares during the period in question. Private Advisor Group LLC made a new investment in Lear of approximately $657 000 during the year’s first three months. The Bank of Montreal increased its holdings in Lear by 81.0 percent over the first three months of 2018. After making cumulative purchases totaling 8,878 additional shares, Bank of Montreal now holds 19,834 of the company’s shares, giving it a market capitalization of $2,890,000. Raymond James Trust N.A. increased the amount of Lear stock owned by 47.8 percentage points over the year’s first three months. After purchasing an additional 630 shares during the relevant period, Raymond James Trust N.A. now owns 1,948 shares of the auto parts company’s stock, with a market value of $277,000. These shares were acquired during the period in question. During the first quarter, Aviva PLC increased the amount of Lear stock owned by 6.28%, making this the last and most important point. After making additional purchases totaling 15,137 throughout t