This Asset Manager is Bearish on These Stocks in Latest 13F

Wall St. Watchdog reveals information regarding significant reduction in shares for Aberdeen Asset Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Ak Steel Holding Corporation (NYSE:AKS): On 06/30/2011, Aberdeen Asset Management reported holding 591,100 shares. On 09/30/2011, Aberdeen Asset Management reported holding 10,500 shares. The net reduction in shares for this position is 580,600 or 98.22%. About Company: AK Steel Holding Corporation, through its wholly-owned subsidiary, produces flat rolled carbon steel. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers.
  • Wintrust Financial Corporation (NASDAQ:WTFC): On 06/30/2011, Aberdeen Asset Management reported holding 494,141 shares. On 09/30/2011, Aberdeen Asset Management reported holding 112,174 shares. The net reduction in shares for this position is 381,967 or 77.3%. About Company: Wintrust Financial Corporation is a multi-bank holding company providing community-based banking services in various suburbs of Chicago, Illinois. The Banks provide a variety of commercial and personal financial services to individuals, businesses, local governmental units, and institutions. Wintrust also has a financing services subsidiary and a trust subsidiary.
  • Tellabs Inc. (NASDAQ:TLAB): On 06/30/2011, Aberdeen Asset Management reported holding 2,879,192 shares. On 09/30/2011, Aberdeen Asset Management reported holding 727,392 shares. The net reduction in shares for this position is 2,151,800 or 74.74%. About Company: Tellabs, Inc. designs, manufactures, markets, and services voice, data, and video transport and network access systems. The Company’s products are used worldwide by public telephone companies, long-distance carriers, alternate service providers, cellular service providers, cable operators, government agencies, utilities, and business end-users.
  • Harsco Corporation (NYSE:HSC): On 06/30/2011, Aberdeen Asset Management reported holding 349,720 shares. On 09/30/2011, Aberdeen Asset Management reported holding 98,538 shares. The net reduction in shares for this position is 251,182 or 71.82%. About Company: Harsco Corporation is an industrial services and engineered products company. The Company offers industrial mill services, gas control, and containment products, scaffolding services, and railway maintenance. Harsco is also involved in other lines of business including process equipment, industrial grating and bridge decking, pipe fittings, slag abrasives, and roofing granules.
  • Washington Federal Inc. (NASDAQ:WFSL): On 06/30/2011, Aberdeen Asset Management reported holding 261,010 shares. On 09/30/2011, Aberdeen Asset Management reported holding 75,080 shares. The net reduction in shares for this position is 185,930 or 71.23%. About Company: Washington Federal, Inc. is a bank holding company.

(Note: Data regarding Aberdeen Asset Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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