Incline Global Management LLC Has Cut Holding in Lkq Corp (LKQ) by $15.74 Million as Stock Price Declined

LKQ Corporation (NASDAQ:LKQ) LogoInvestors sentiment decreased to 1.22 in 2018 Q3. Its down 0.08, from 1.3 in 2018Q2. It dropped, as 40 investors sold LKQ shares while 150 reduced holdings. 67 funds opened positions while 164 raised stakes. 271.42 million shares or 0.14% more from 271.04 million shares in 2018Q2 were reported. Qs Invsts has 3,970 shares. Partner Fund Mgmt Lp owns 1.38 million shares. Bbva Compass Bancorporation has invested 0.02% in LKQ Corporation (NASDAQ:LKQ). Moreover, Park Presidio Cap Ltd Company has 7.02% invested in LKQ Corporation (NASDAQ:LKQ) for 2.20 million shares. 9,000 were accumulated by Cumberland Prns Limited. Cap Investors has invested 0.07% in LKQ Corporation (NASDAQ:LKQ). Putnam Ltd Llc owns 247,876 shares. Mariner Wealth Advsrs has 61,610 shares. Mutual Of America Mgmt Limited Com holds 0.02% or 40,957 shares in its portfolio. Sg Americas Secs Limited Com owns 66,809 shares or 0.02% of their US portfolio. Mendel Money Management invested in 2.48% or 80,612 shares. 500 are owned by Guardian. Orrstown Finance Svcs holds 0.95% or 22,920 shares in its portfolio. Highland Mgmt LP has invested 0.01% in LKQ Corporation (NASDAQ:LKQ). Quantbot Tech LP has 0.03% invested in LKQ Corporation (NASDAQ:LKQ).

Since July 16, 2018, it had 2 buys, and 0 sales for $79,594 activity. Shares for $26,500 were bought by Laroyia Varun. On Friday, October 26 Zarcone Dominick P bought $53,094 worth of LKQ Corporation (NASDAQ:LKQ) or 2,000 shares.

Incline Global Management Llc decreased its stake in Lkq Corp (LKQ) by 20.66% based on its latest 2018Q3 regulatory filing with the SEC. Incline Global Management Llc sold 449,823 shares as the company’s stock declined 22.82% with the market. The hedge fund held 1.73M shares of the motor vehicles company at the end of 2018Q3, valued at $62.18M, down from 2.18 million at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Lkq Corp for a number of months, seems to be less bullish one the $8.49 billion market cap company. The stock increased 1.42% or $0.38 during the last trading session, reaching $26.69. About 2.32M shares traded. LKQ Corporation (NASDAQ:LKQ) has declined 35.52% since January 14, 2018 and is downtrending. It has underperformed by 35.52% the S&P500.

Incline Global Management Llc, which manages about $222.93 million and $1.21B US Long portfolio, upped its stake in Newell Brands Inc (Call) (NYSE:NWL) by 675,400 shares to 1.09M shares, valued at $46.60M in 2018Q3, according to the filing. It also increased its holding in Yum Brands Inc (NYSE:YUM) by 236,623 shares in the quarter, for a total of 536,223 shares, and has risen its stake in Caesars Acquisition Co (NASDAQ:CACQ).

Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on February, 28. They expect $0.50 earnings per share, up 21.95 % or $0.09 from last year’s $0.41 per share. LKQ’s profit will be $159.12M for 13.35 P/E if the $0.50 EPS becomes a reality. After $0.56 actual earnings per share reported by LKQ Corporation for the previous quarter, Wall Street now forecasts -10.71 % negative EPS growth.

LKQ Corporation (NASDAQ:LKQ) Institutional Positions Chart

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