Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.