Clearbridge LLC Lifted Its Autozone INC (AZO) Position by $9.60 Million

February 15, 2018 - By Darrin Black

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.20, from 0.85 in 2017Q2. It is positive, as 59 investors sold AZO shares while 150 reduced holdings. 74 funds opened positions while 145 raised stakes. 26.58 million shares or 0.11% less from 26.61 million shares in 2017Q2 were reported. Etrade Management Lc reported 1,406 shares or 0.03% of all its holdings. Northwest Invest Counselors Lc accumulated 2,682 shares or 0.69% of the stock. Bnp Paribas Asset Management Hldg holds 0.03% or 5,800 shares in its portfolio. Wolverine Asset Management Ltd Co owns 1 shares. S Muoio & Ltd Co owns 5,000 shares. Clearbridge Ltd Co reported 129,150 shares. California-based Osborne Prns Llc has invested 0.58% in AutoZone, Inc. (NYSE:AZO). Sterneck Cap Mgmt Ltd Limited Liability Company holds 0.2% or 600 shares in its portfolio. Riverhead Capital Mngmt Llc invested 0.05% of its portfolio in AutoZone, Inc. (NYSE:AZO). Meiji Yasuda Asset Management Limited has invested 0.1% in AutoZone, Inc. (NYSE:AZO). Bain Cap Equity Limited Liability Co holds 0.56% or 15,026 shares. Moreover, Parametric Assoc Limited Liability Com has 0.1% invested in AutoZone, Inc. (NYSE:AZO) for 145,404 shares. Barclays Public Limited Co reported 87,007 shares stake. Douglass Winthrop Limited Liability holds 0.04% in AutoZone, Inc. (NYSE:AZO) or 1,025 shares. Lpl Fincl Ltd Limited Liability Company has invested 0.01% of its portfolio in AutoZone, Inc. (NYSE:AZO).

Since September 28, 2017, it had 0 insider purchases, and 6 sales for $14.41 million activity. Another trade for 3,000 shares valued at $1.75M was made by MCKENNA WILLIAM ANDREW on Thursday, September 28. The insider Graves William W sold $7.82 million. 1,250 AutoZone, Inc. (NYSE:AZO) shares with value of $993,372 were sold by Griffith James C.. Another trade for 2,700 shares valued at $2.05 million was made by Smith Richard Craig on Thursday, January 4.

Clearbridge Llc increased its stake in Autozone Inc (AZO) by 14.28% based on its latest 2017Q3 regulatory filing with the SEC. Clearbridge Llc bought 16,140 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 129,150 shares of the consumer services company at the end of 2017Q3, valued at $76.86 million, up from 113,010 at the end of the previous reported quarter. Clearbridge Llc who had been investing in Autozone Inc for a number of months, seems to be bullish on the $19.71 billion market cap company. The stock decreased 0.02% or $0.15 during the last trading session, reaching $720.69. About 159,755 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since February 15, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Clearbridge Llc, which manages about $5.40B and $4.62 billion US Long portfolio, decreased its stake in Bankrate Inc Del (NYSE:RATE) by 1.23M shares to 328,851 shares, valued at $4.59M in 2017Q3, according to the filing. It also reduced its holding in Altaba Inc by 695,335 shares in the quarter, leaving it with 1 shares, and cut its stake in Alphabet Inc.

More important recent AutoZone, Inc. (NYSE:AZO) news were published by: Bizjournals.com which released: “Chairwoman of the board? Memphis public companies talk top-level gender diversity” on January 26, 2018, also Gurufocus.com published article titled: “Midas Management Corp Buys AutoZone Inc, Altria Group Inc, Walgreens Boots …”, Bizjournals.com published: “AutoZone plans another Hawaii store, across from an Oahu Walmart” on February 15, 2018. More interesting news about AutoZone, Inc. (NYSE:AZO) was released by: Seekingalpha.com and their article: “AutoZone Is Ready To Go Higher” with publication date: January 17, 2018.

AutoZone, Inc. (NYSE:AZO) Ratings Coverage

Among 24 analysts covering Autozone Inc. (NYSE:AZO), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Autozone Inc. had 70 analyst reports since August 24, 2015 according to SRatingsIntel. The company was upgraded on Monday, August 24 by Bank of America. The company was maintained on Friday, September 8 by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, April 19 by Jefferies. The stock has “Hold” rating by Jefferies on Monday, June 26. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, September 23 report. The company was maintained on Tuesday, August 25 by Citigroup. Wedbush maintained the stock with “Hold” rating in Wednesday, September 20 report. Oppenheimer maintained AutoZone, Inc. (NYSE:AZO) on Tuesday, June 20 with “Buy” rating. The stock of AutoZone, Inc. (NYSE:AZO) earned “Outperform” rating by Credit Suisse on Wednesday, March 2. Oppenheimer maintained AutoZone, Inc. (NYSE:AZO) rating on Friday, February 12. Oppenheimer has “Outperform” rating and $800 target.

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