FMR LLC grew its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,631,143 shares of the specialty retailer’s stock after acquiring an additional 89,544 shares during the period. FMR LLC owned 1.12% of Lamb Weston worth $122,238,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Advisors Asset Management Inc. raised its position in Lamb Weston by 62.4% in the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in Lamb Weston during the fourth quarter worth about $29,000. Old North State Trust LLC grew its stake in Lamb Weston by 175.2% during the first quarter. Old North State Trust LLC now owns 589 shares of the specialty retailer’s stock worth $44,000 after buying an additional 375 shares during the last quarter. Executive Wealth Management LLC bought a new stake in Lamb Weston during the fourth quarter worth about $55,000. Finally, Quadrant Capital Group LLC grew its stake in Lamb Weston by 385.9% during the first quarter. Quadrant Capital Group LLC now owns 962 shares of the specialty retailer’s stock worth $69,000 after buying an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.
LW traded up $0.88 during mid-day trading on Thursday, hitting $67.96. The stock had a trading volume of 844,692 shares, compared to its average volume of 1,688,204. The business’s fifty day simple moving average is $62.68. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.19. Lamb Weston Holdings Inc has a 1-year low of $58.83 and a 1-year high of $83.86.
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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