Lexmark International: Major Institutional Shareholder Stock Sales in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Lexmark International Inc. (NYSE:LXK).

SEC data indicate that these institutions significantly reduced their stock shares of Lexmark International Inc. in Q3 2011:

  • ARTISAN PARTNERS HOLDINGS LP: On 06/30/2011, held 8,118,987 shares, worth $235,775,382. On 09/30/2011, held 0 shares.
  • CITADEL ADVISORS LLC: On 06/30/2011, held 338,927 shares, worth $9,842,440. On 09/30/2011, held 0 shares.
  • MARSHALL & ILSLEY CORP: On 06/30/2011, held 168,195 shares, worth $4,884,383. On 09/30/2011, held 0 shares.
  • OMERS ADMINISTRATION CORP: On 06/30/2011, held 139,896 shares, worth $4,062,580. On 09/30/2011, held 0 shares.
  • SABA CAPITAL MANAGEMENT, L.P.: On 06/30/2011, held 104,795 shares, worth $3,043,247. On 09/30/2011, held 0 shares.

About the company: Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company’s products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions. Lexmark’s products are sold in North and South America, Europe, the Middle East, Africa, Asia, the Pacific Rim and the Caribbean.

Competitors to Watch: Canon Inc. (NYSE:CAJ), Hewlett-Packard Company (NYSE:HPQ), Xerox Corporation (NYSE:XRX), Dell Inc. (NASDAQ:DELL), Synaptics, Incorporated (NASDAQ:SYNA), Immersion Corporation (NASDAQ:IMMR), Hauppauge Digital, Inc. (NASDAQ:HAUP), EMC Corporation (NYSE:EMC), Ricoh Company Ltd. (RICOY), and Logitech Intl. SA (NASDAQ:LOGI).

(Note: Data regarding Lexmark International Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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