Billionaires Buffett, Christian Leone, and Crispin Odey Reveal Latest Moves

In a separate 13G filing, Odey Asset Management reported an ownership stake of 1.10 million shares in Ethan Allen Interiors Inc. (NYSE:ETH), a dip from the 1.19 million-share position disclosed through the fund’s 13F filing for the September quarter. The freshly-disclosed position accounts for 3.87% of the company’s outstanding common stock. The shares of the interior design company and manufacturer of home furnishings have dropped by 28% over the past year. The company operates eight manufacturing plants worldwide, which include five manufacturing plants and one sawmill plant in the United States, and a manufacturing plant in each of Mexico and Honduras. The company aims to maintain its competitive edge in North America by keeping its order times short and maintaining high quality, but also intends to expand its operations by doubling its upholstery manufacturing facility in Mexico. Meanwhile, the company’s consolidated net sales for the first quarter of fiscal year 2016 that ended September 30 declined slightly, to $190.4 million from $190.7 million a year earlier. The number of smart money investors from our system with positions in the company climbed to 17 from 13 during the third quarter. Those investment vehicles stockpiled slightly over 24% of the company’s shares. Royce & Associates, founded by Chuck Royce, owns 2.89 million shares of Ethan Allen Interiors Inc. (NYSE:ETH) as of the end of the third quarter.

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