First Quadrant L P CA purchased a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) in the 4th quarter, Holdings Channel reports. The firm purchased 10,317 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HVT. BNP Paribas Arbitrage SA boosted its holdings in shares of Haverty Furniture Companies by 48.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,659 shares of the company’s stock valued at $279,000 after buying an additional 3,494 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Haverty Furniture Companies in the 2nd quarter valued at $288,000. Crossmark Global Holdings Inc. acquired a new position in shares of Haverty Furniture Companies in the 3rd quarter valued at $290,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Haverty Furniture Companies in the 3rd quarter valued at $290,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Haverty Furniture Companies by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,540 shares of the company’s stock valued at $390,000 after buying an additional 581 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

In related news, insider Rawson Haverty, Jr. sold 23,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $23.30, for a total value of $535,900.00. Following the completion of the sale, the insider now owns 82,331 shares in the company, valued at approximately $1,918,312.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Fred L. Schuermann sold 1,950 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $23.15, for a total transaction of $45,142.50. Following the completion of the sale, the director now owns 3 shares of the company’s stock, valued at approximately $69.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,871 shares of company stock valued at $769,483. 10.31% of the stock is owned by insiders.

Separately, Zacks Investment Research upgraded shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, January 12th.

Haverty Furniture Companies, Inc. (NYSE:HVT) opened at $21.95 on Friday. Haverty Furniture Companies, Inc. has a twelve month low of $21.05 and a twelve month high of $27.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.16. The stock has a market cap of $473.18 and a price-to-earnings ratio of 16.40.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. Haverty Furniture Companies had a net margin of 3.53% and a return on equity of 10.10%. The business had revenue of $207.60 million during the quarter, compared to analysts’ expectations of $215.32 million. During the same quarter in the prior year, the business posted $0.34 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. sell-side analysts expect that Haverty Furniture Companies, Inc. will post 1.15 earnings per share for the current year.

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About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.

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Institutional Ownership by Quarter for Haverty Furniture Companies (NYSE:HVT)

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