Pzena Funding Administration lowered its stake in Hooker Furnishings Company

© Reuters. Pzena Investment Management reduced its stake in Hooker Furniture Corporation

On December 31, Pzena Investment Management sold 112,000 Hooker furniture Corporation (NASDAQ 🙂 shares priced at $ 3.6 million at an average price of $ 32.25 per share.
Hooker Furniture Corporation's shares are up 0.40% since the transaction.

Pzena Investment Management's stake in Hooker Furniture Corporation was reduced to around 1.5 million shares with the transaction.

Pzena Investment Management first bought shares in Hooker Furniture Corporation in the third quarter of 2019.
Pzena Investment Management also owns Newell Rubbermaid Inc (NASDAQ :), Mohawk Industries Inc (NYSE :), Stanley Black & Decker Inc (NYSE 🙂 and Snap-On Incorporated (NYSE :).
Hooker Furniture Corporation ranks number four among long-lived household stocks by number of shares and market value.

Other investors who have also reduced their shares in Hooker Furniture Corporation are Citigroup (NYSE 🙂 and Hotchkis & Wiley Capital Management.
In contrast to Pzena Investment Management, Royce & Associates added HOFT shares, while Millennium Management added HOFT shares to its portfolio.

Pzena Investment Management also reduced its stake in JELD-WEN Holding, Inc. (NYSE :).
The total value of the shares sold is estimated at approximately $ 89 million.

In addition, Pzena Investment Management increased its stake in National Oilwell Varco Inc (NYSE 🙂 and Motorcar Parts of America, Inc. (MPAA).
The total value of the shares purchased is estimated at around $ 202 million.

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