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These Hedge Funds Lost a Bundle on La-Z-Boy and Adobe $LZB $ADBE

La-Z-Boy (LZB) shares declined nearly 12% today after Brian Sozzi -an analyst with Wall Street Strategies- cut his recommendation to hold. On the other hand Adobe Systems (ADBE) declined more than 6% after releasing a disappointing revenue growth forecast. Here are the hedge funds that lost a bundle on LZB and ADBE:

La-Z-Boy Incorporated (NYSE:LZB)

1. Ken Fisher – Fisher Asset Management: Fisher lost more than $14 Million in ADBE.

2. Alan Fournier – Pennant Capital: Fournier lost more than $10 Million in ADBE.

3. Bill Miller – Legg Mason: Miller lost nearly $10 Million in ADBE.

4. Robert Bishop – Impala Asset Management: Bishop lost more than $5 Million in LZB.

5. Chuck Royce – Royce $ Associates: Royce lost around $3 Million in LZB.

6. Tye Schlegelmilch – Sonterra Capital: Schlegelmilch lost $1.5 Million in LZB.

4. Robert Atchinson – Adage Capital: Atchinson lost nearly $1.5 Million in ADBE.

5. Jeffrey Ubben – ValueAct Capital: Ubben lost more than $1 Million in ADBE.