Thursday, 30 November 2017

Skyline Asset Management LP Trimmed Its La Z Boy (LZB) Position; Shorts at Silversun Tech (SSNT) Lowered By 97.48%

Silversun Tech Incorporated (NASDAQ:SSNT) had a decrease of 97.48% in short interest. SSNT’s SI was 300 shares in November as released by FINRA. Its down 97.48% from 11,900 shares previously. It closed at $4.07 lastly. It is down 0.00% since November 30, 2016 and is . It has underperformed by 16.70% the S&P500.

Skyline Asset Management Lp decreased La Z Boy Inc (LZB) stake by 51.48% reported in 2017Q2 SEC filing. Skyline Asset Management Lp sold 403,400 shares as La Z Boy Inc (LZB)’s stock declined 6.70%. The Skyline Asset Management Lp holds 380,200 shares with $12.36M value, down from 783,600 last quarter. La Z Boy Inc now has $1.42 billion valuation. The stock increased 1.03% or $0.3 during the last trading session, reaching $29.5. About 625,082 shares traded or 41.23% up from the average. La-Z-Boy Incorporated (NYSE:LZB) has risen 10.10% since November 30, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. La-Z-Boy has $3600 highest and $27.0 lowest target. $32.20’s average target is 9.15% above currents $29.5 stock price. La-Z-Boy had 13 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, August 22. The firm has “Neutral” rating by Longbow given on Friday, August 5. Stifel Nicolaus downgraded La-Z-Boy Incorporated (NYSE:LZB) rating on Thursday, February 23. Stifel Nicolaus has “Hold” rating and $30 target. The company was maintained on Thursday, October 6 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained it with “Buy” rating and $36.0 target in Thursday, September 28 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, September 27 report. Sidoti downgraded La-Z-Boy Incorporated (NYSE:LZB) rating on Tuesday, August 1. Sidoti has “Hold” rating and $3600 target. BB&T Capital downgraded La-Z-Boy Incorporated (NYSE:LZB) on Wednesday, January 27 to “Hold” rating. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 24. The rating was initiated by Sidoti with “Buy” on Wednesday, March 2.

Investors sentiment increased to 1.23 in Q2 2017. Its up 0.17, from 1.06 in 2017Q1. It increased, as 20 investors sold LZB shares while 61 reduced holdings. 38 funds opened positions while 62 raised stakes. 41.27 million shares or 0.37% less from 41.43 million shares in 2017Q1 were reported. Invesco Limited has invested 0.01% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). Pub Employees Retirement Systems Of Ohio accumulated 68,394 shares or 0.01% of the stock. Jefferies Gp Limited Liability accumulated 8,546 shares or 0% of the stock. The Texas-based Smith Graham & Advsr LP has invested 0.85% in La-Z-Boy Incorporated (NYSE:LZB). Parkside Commercial Bank owns 0.01% invested in La-Z-Boy Incorporated (NYSE:LZB) for 690 shares. Skyline Asset Mngmt Ltd Partnership holds 1.04% or 380,200 shares in its portfolio. Teton Advsrs Inc invested in 0.18% or 57,000 shares. Profund Advsr Limited Liability Com holds 0.01% or 7,254 shares in its portfolio. State Board Of Administration Of Florida Retirement Systems accumulated 49,368 shares. Plante Moran Fincl Advsr Llc holds 400 shares or 0.01% of its portfolio. Tudor Inv Et Al reported 45,792 shares. Prudential Fin holds 420,860 shares or 0.02% of its portfolio. Point72 Asia (Hong Kong) Ltd has 0.07% invested in La-Z-Boy Incorporated (NYSE:LZB). Highbridge Mgmt Lc accumulated 56,956 shares. 2,928 are held by Riverhead Capital Management Ltd Co.

SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. The company has market cap of $18.28 million. The firm resells enterprise resource planning financial accounting solution that provides various functions related to accounting, including financial reporting, accounts payable and accounts receivable, and inventory management; and offers training, technical support, and professional services. It has a 5.91 P/E ratio. It also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

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