As Haverty Furniture Cos (HVT) Stock Value Declined, Investment Counselors Of Maryland Has Cut Position by $353,672; Schwerin Boyle Capital Management Decreased Its Omega Flex (OFLX) Stake by $7.77 Million; Share Price Declined

April 23, 2018 - By Marguerite Chambers

Haverty Furniture Companies, Inc. (NYSE:HVT) Logo

Investment Counselors Of Maryland Llc decreased its stake in Haverty Furniture Cos (HVT) by 4.4% based on its latest 2017Q4 regulatory filing with the SEC. Investment Counselors Of Maryland Llc sold 16,076 shares as the company’s stock declined 17.85% with the market. The institutional investor held 349,397 shares of the consumer services company at the end of 2017Q4, valued at $7.91M, down from 365,473 at the end of the previous reported quarter. Investment Counselors Of Maryland Llc who had been investing in Haverty Furniture Cos for a number of months, seems to be less bullish one the $378.12 million market cap company. The stock decreased 0.83% or $0.15 during the last trading session, reaching $17.85. About 69,484 shares traded. Haverty Furniture Companies, Inc. (NYSE:HVT) has declined 18.20% since April 23, 2017 and is downtrending. It has underperformed by 29.75% the S&P500.

Schwerin Boyle Capital Management Inc decreased its stake in Omega Flex (OFLX) by 36.96% based on its latest 2017Q4 regulatory filing with the SEC. Schwerin Boyle Capital Management Inc sold 109,465 shares as the company’s stock declined 9.62% with the market. The hedge fund held 186,675 shares of the capital goods company at the end of 2017Q4, valued at $13.33M, down from 296,140 at the end of the previous reported quarter. Schwerin Boyle Capital Management Inc who had been investing in Omega Flex for a number of months, seems to be less bullish one the $663.03 million market cap company. The stock decreased 0.05% or $0.03 during the last trading session, reaching $65.7. About 60 shares traded. Omega Flex, Inc. (NASDAQ:OFLX) has risen 39.94% since April 23, 2017 and is uptrending. It has outperformed by 28.39% the S&P500.

Schwerin Boyle Capital Management Inc, which manages about $781.49 million and $917.16M US Long portfolio, upped its stake in Intl Bus Machines (NYSE:IBM) by 37,870 shares to 183,945 shares, valued at $28.22M in 2017Q4, according to the filing.

Investors sentiment increased to 1.88 in Q4 2017. Its up 0.47, from 1.41 in 2017Q3. It improved, as 6 investors sold OFLX shares while 11 reduced holdings. 12 funds opened positions while 20 raised stakes. 3.00 million shares or 38.37% more from 2.17 million shares in 2017Q3 were reported. 15,074 are owned by Deutsche Bank Ag. Retail Bank Of Ny Mellon Corporation holds 0% or 41,147 shares. Ameritas Investment Prtnrs owns 248 shares for 0% of their portfolio. Schwerin Boyle Mgmt holds 1.45% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 186,675 shares. State Street has invested 0% in Omega Flex, Inc. (NASDAQ:OFLX). Renaissance Technology Limited Com holds 27,400 shares or 0% of its portfolio. Tiaa Cref Investment Mgmt Limited Liability reported 7,717 shares. Schwab Charles Investment reported 0% stake. Moreover, Geode Cap Mgmt Ltd Liability has 0% invested in Omega Flex, Inc. (NASDAQ:OFLX) for 47,401 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Omega Flex, Inc. (NASDAQ:OFLX). Rhumbline Advisers invested in 0% or 3,966 shares. 12,130 were accumulated by Morgan Stanley. Us Retail Bank De holds 3,160 shares or 0% of its portfolio. National Bank Of America Corp De invested 0% in Omega Flex, Inc. (NASDAQ:OFLX). Eqis Cap Mngmt Inc holds 0.04% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 11,746 shares.

Among 2 analysts covering Haverty Furniture (NYSE:HVT), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Haverty Furniture had 6 analyst reports since January 27, 2016 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Monday, October 16 with “Hold”. The firm earned “Mkt Perform” rating on Monday, October 10 by Raymond James. The company was maintained on Tuesday, September 12 by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, November 20 by KeyBanc Capital Markets. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, August 2. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Wednesday, January 27.

Analysts await Haverty Furniture Companies, Inc. (NYSE:HVT) to report earnings on May, 1 after the close. They expect $0.21 EPS, down 25.00% or $0.07 from last year’s $0.28 per share. HVT’s profit will be $4.45M for 21.25 P/E if the $0.21 EPS becomes a reality. After $0.40 actual EPS reported by Haverty Furniture Companies, Inc. for the previous quarter, Wall Street now forecasts -47.50% negative EPS growth.

Since December 13, 2017, it had 0 insider purchases, and 4 selling transactions for $1.65 million activity. Pine Hill Associates – LLC had sold 23,000 shares worth $535,938 on Wednesday, December 13. 23,000 shares were sold by HAVERTY RAWSON JR, worth $535,938. On Wednesday, February 28 the insider PARKER JENNY H sold $41,000.

Haverty Furniture Companies, Inc. (NYSE:HVT) Institutional Positions Chart

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