CWA Asset Management Group LLC Takes Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

CWA Asset Management Group LLC bought a new stake in Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 144,000 shares of the company's stock, valued at approximately $3,956,000. CWA Asset Management Group LLC owned 0.88% of Haverty Furniture Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Haverty Furniture Companies by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company's stock valued at $37,719,000 after acquiring an additional 17,354 shares during the period. Wulff Hansen & CO. raised its stake in Haverty Furniture Companies by 2,503.4% in the second quarter. Wulff Hansen & CO. now owns 573,122 shares of the company's stock valued at $14,494,000 after purchasing an additional 551,108 shares in the last quarter. American Century Companies Inc. raised its stake in Haverty Furniture Companies by 19.0% in the second quarter. American Century Companies Inc. now owns 320,672 shares of the company's stock valued at $8,110,000 after purchasing an additional 51,302 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Haverty Furniture Companies by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company's stock valued at $3,690,000 after purchasing an additional 32,175 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Haverty Furniture Companies in the second quarter valued at about $3,161,000. Institutional investors own 80.57% of the company's stock.

Haverty Furniture Companies Price Performance

HVT stock traded up $0.08 during midday trading on Friday, reaching $22.94. The company had a trading volume of 212,764 shares, compared to its average volume of 195,818. The company has a market capitalization of $376.45 million, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.09 and a beta of 1.48. The stock has a 50 day moving average price of $25.44 and a 200-day moving average price of $26.76. Haverty Furniture Companies, Inc. has a 1-year low of $21.61 and a 1-year high of $37.05.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Haverty Furniture Companies from a "buy" rating to a "hold" rating in a research note on Friday, October 25th.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.