The stock of Lazard Limited Class A (NYSE:LAZ) registered an increase of 8.71% in short interest. LAZs total short interest was 1.41 million shares in March as published by FINRA. Its up 8.71% from 1.30 million shares, reported previously. With 1.04 million shares average volume, it will take short sellers 1 days to cover their LAZs short positions. The short interest to Lazard Limited Class As float is 1.15%. The stock decreased 3.36% or $1.34 during the last trading session, hitting $38.55. About 479,040 shares traded hands. Lazard Ltd (NYSE:LAZ) has declined 27.07% since August 18, 2015 and is downtrending. It has underperformed by 24.57% the SP500.
Lazard Ltd is a financial advisory and asset management company. The company has a market cap of $5.02 billion. The Firm operates in two business divisions: Financial Advisory and Asset Management. It has 5.2 P/E ratio. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients a range of financial advisory services regarding mergers and acquisitions (MA) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters.
The institutional sentiment decreased to 1.18 in 2015 Q3. Its down 0.01, from 1.19 in 2015Q2. The ratio fall, as 39 funds sold all Lazard Ltd shares owned while 94 reduced positions. 33 funds bought stakes while 124 increased positions. They now own 88.66 million shares or 13.56% less from 102.57 million shares in 2015Q2.
Wcm Investment Management Ca holds 6.27% of its portfolio in Lazard Ltd for 5.81 million shares. Shanda Payment Holdings Ltd. owns 160,000 shares or 6.04% of their US portfolio. Moreover, Ramsey Asset Management has 4.19% invested in the company for 54,900 shares. The Massachusetts-based Hellman Jordan Management Co Inc Ma has invested 3.57% in the stock. Ariel Investments Llc, a Illinois-based fund reported 5.52 million shares.
Out of 8 analysts covering Lazard (NYSE:LAZ), 10 rate it Buy, 0 Sell, while 3 Hold. This means 77% are positive. Lazard was the topic in 17 analyst reports since July 24, 2015 according to StockzIntelligence Inc.