Pacifica Capital Investments Exits Position in Loews Corporation (L)

Loews Corporation (L) : Pacifica Capital Investments has sold out all of its stake in Loews Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 11,905 shares of Loews Corporation which is valued at $481,557.

Other Hedge Funds, Including , Strs Ohio reduced its stake in L by selling 57,177 shares or 16.01% in the most recent quarter. The Hedge Fund company now holds 299,947 shares of L which is valued at $12,357,816. Loews Corporation makes up approx 0.05% of Strs Ohio’s portfolio.New York State Teachers Retirement System reduced its stake in L by selling 198 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 515,728 shares of L which is valued at $21,299,566. Loews Corporation makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.Marathon Asset Management Llp boosted its stake in L in the latest quarter, The investment management firm added 38,768 additional shares and now holds a total of 2,131,820 shares of Loews Corporation which is valued at $87,916,257. Loews Corporation makes up approx 1.82% of Marathon Asset Management Llp’s portfolio.

Loews Corporation closed down -0.03 points or -0.07% at $41.12 with 7,65,767 shares getting traded on Monday. Post opening the session at $41.27, the shares hit an intraday low of $40.985 and an intraday high of $41.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Loews Corporation reported $-0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.76 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.57.During the same quarter in the previous year, the company posted $0.46 EPS.

Loews Corporation is a holding company. The Company through its subsidiaries is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling Inc. (Diamond Offshore); Boardwalk Pipeline Partners LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels). CNA’s insurance products primarily include commercial property and casualty coverages including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.

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