As Martin Marietta Materials (MLM) Share Value Declined, Shareholder Harvey Capital Management Lower

Harvey Capital Management Inc decreased its stake in Martin Marietta Materials (MLM) by 60.05% based on its latest 2018Q3 regulatory filing with the SEC. Harvey Capital Management Inc sold 18,275 shares as the company’s stock declined 5.54% with the market. The institutional investor held 12,156 shares of the basic industries company at the end of 2018Q3, valued at $2.21 million, down from 30,431 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Martin Marietta Materials for a number of months, seems to be less bullish one the $11.16 billion market cap company. The stock increased 1.30% or $2.28 during the last trading session, reaching $177.98. About 185,416 shares traded. Martin Marietta Materials, Inc. (NYSE:MLM) has declined 13.70% since January 28, 2018 and is downtrending. It has underperformed by 13.70% the S&P500. Some Historical MLM News: 08/03/2018 Cramer also sits down with the CEOs of Thor Industries and Martin Marietta Materials; 25/04/2018 – DOJ: MARTIN MARIETTA SHOULD DIVEST SOME QUARRIES; 08/05/2018 – Martin Marietta Sees FY Rev $4.3B-$4.5B; 30/04/2018 – Martin Marietta Says $1.625B Cash Transaction Closed on April 27; 08/05/2018 – Martin Marietta Sees FY Net $525M-Net $640M; 25/04/2018 – DoJ Pub Affairs: Justice Department Requires Martin Marietta to Divest Quarries to Preserve Competition in Connection With its; 08/05/2018 – MARTIN MARIETTA MATERIALS INC QTRLY SHR $0.16; 08/05/2018 – Martin Marietta 1Q E....

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