Chicago Wealth Management Buys New Shares in Lamb Weston Holdings

Chicago Wealth Management Inc. bought a new stake in shares of Lamb Weston Holdings Inc during the fourth quarter, according to the company's most recent filing with the Securities and Exchange Commission. The fund bought 2,473 shares of the specialty retailer’s stock, valued at approximately USD213,000.

According to washamweekly.com, several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its stake in Lamb Weston by 39.6% in the 4th quarter. Bank of Montreal Can now owns 121,095 shares of the specialty retailer’s stock worth USD10,417,000 after purchasing an additional 34,327 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Lamb Weston by 65.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 474,403 shares of the specialty retailer’s stock worth USD40,813,000 after purchasing an additional 188,285 shares in the last quarter. Barclays PLC lifted its stake in Lamb Weston by 81.7% in the 4th quarter. Barclays PLC now owns 298,527 shares of the specialty retailer’s stock worth USD25,682,000 after purchasing an additional 134,264 shares in the last quarter. California State Teachers Retirement System lifted its stake in Lamb Weston by 0.7% in the 3rd quarter. California State Teachers Retirement System now owns 238,915 shares of the specialty retailer’s stock worth USD17,374,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in Lamb Weston by 3.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 66,326 shares of the specialty retailer’s stock worth USD4,823,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Shares of Lamb Weston stock traded down USD1.59 during trading hours on March 27, reaching USD57.25.

The specialty retailer reported USD0.95 earnings per share for the quarter, topping analysts’ consensus estimates of USD0.85. Lamb Weston had a net margin of 12.90% and a return on equity of 869.30%. The firm had revenue of USD1.02bn for the quarter, compared to the consensus estimate of USD964.88 million.