UK investment manager RWC Asset Management LLP has purchased a stake in U.S. home improvement company Lowe’s Companies, Inc.
RWC Asset Management purchased 236,755 shares of Lowe’s stock, valued at approximately $27.1 million.
Other hedge funds also recently modified their holdings of the company. Almanack Investment Partners LLC. also bought a stake in Lowe’s Companies during the second quarter valued at $103,000.
Lowe’s Companies had revenue of $20.89 billion for the quarter.