What's Happening?
Legato Capital Management LLC has reduced its stake in Modine Manufacturing Company by 59% during the first quarter, according to a Form 13F filing with the SEC. The firm now holds 11,411 shares valued at $876,000. Other hedge funds have also adjusted their positions in Modine Manufacturing, reflecting changes in investment strategies.
Why It's Important?
The reduction in Legato Capital Management's stake in Modine Manufacturing may indicate shifts in investment priorities or market outlook. Modine Manufacturing's stock performance and analyst ratings could be influenced by these changes, affecting investor confidence and market dynamics.
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