Citigroup Downgrades Leggett & Platt Inc. (LEG)


Leggett & Platt Inc. (NYSE:LEG) was downgraded by Citigroup Inc. to a “market perform” rating in a note issued to investors on Monday, The Fly reports.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. ING Groep NV bought a new position in shares of Leggett & Platt during the second quarter worth about $244,000. First Midwest Bank Trust Division boosted its position in shares of Leggett & Platt by 50.6% in the second quarter. First Midwest Bank Trust Division now owns 18,498 shares of the company’s stock worth $945,000 after buying an additional 6,215 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Leggett & Platt by 6.6% in the second quarter. GW&K Investment Management LLC now owns 524,855 shares of the company’s stock worth $26,825,000 after buying an additional 32,346 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its position in shares of Leggett & Platt by 1.4% in the second quarter. Speece Thorson Capital Group Inc. now owns 278,985 shares of the company’s stock worth $14,259,000 after buying an additional 3,748 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Leggett & Platt by 175.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 45,807 shares of the company’s stock worth $2,341,000 after buying an additional 29,196 shares during the last quarter.




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