UBS Oconnor LLC Sells 272,235 Shares of Lamb Weston Holdings Inc. (NYSE:LW)

UBS Oconnor LLC lowered its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 77.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,765 shares of the specialty retailer’s stock after selling 272,235 shares during the period. UBS Oconnor LLC owned approximately 0.05% of Lamb Weston Holdings worth $3,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Credit Agricole S A acquired a new stake in Lamb Weston Holdings during the fourth quarter worth about $1,108,000. Asset Management One Co. Ltd. acquired a new stake in Lamb Weston Holdings during the fourth quarter worth about $1,348,000. Aviva PLC acquired a new stake in Lamb Weston Holdings during the fourth quarter worth about $3,617,000. Keybank National Association OH acquired a new stake in Lamb Weston Holdings during the fourth quarter worth about $201,000. Finally, FMR LLC acquired a new stake in Lamb Weston Holdings during the fourth quarter worth about $55,714,000. 78.02% of the stock is owned by institutional investors.

Lamb Weston Holdings Inc. (NYSE:LW) opened at 43.99 on Tuesday. The firm has a market cap of $6.43 billion and a price-to-earnings ratio of 21.68. Lamb Weston Holdings Inc. has a 52-week low of $28.75 and a 52-week high of $47.99. The company has a 50 day moving average price of $45.29 and a 200-day moving average price of $41.12.

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LW has been the subject of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $50.00 price target on shares of Lamb Weston Holdings in a report on Tuesday, May 9th. CL King assumed coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 target price for the company. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, May 26th. Stifel Nicolaus cut Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their target price for the company from $42.00 to $44.00 in a research note on Friday, April 7th. Finally, Bank of America Corporation raised their price objective on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $44.67.

About Lamb Weston Holdings

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

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

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