CSM Advisors LLC Invests $3.96 Million in La-Z-Boy Incorporated

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CSM Advisors LLC purchased a new position in shares of La-Z-Boy Incorporated (NYSE:LZB) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 115,287 shares of the company's stock, valued at approximately $3,958,000. CSM Advisors LLC owned about 0.28% of La-Z-Boy at the end of the most recent reporting period.

Why it matters

This investment by CSM Advisors LLC in La-Z-Boy Incorporated, a leading U.S. manufacturer and marketer of residential furniture, suggests the institutional investor sees growth potential in the company's business and stock performance.

The details

CSM Advisors LLC purchased 115,287 shares of La-Z-Boy Incorporated, valued at approximately $3,958,000. This represents about 0.28% ownership of the company by the institutional investor. Other hedge funds and institutional investors have also recently bought and sold shares of La-Z-Boy, with Franklin Resources Inc., Qube Research & Technologies Ltd, Allspring Global Investments Holdings LLC, and Arrowstreet Capital Limited Partnership among the notable investors.

• CSM Advisors LLC purchased the La-Z-Boy shares during the third quarter.