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Picton Mahoney Asset Management Lowers Holdings in Eli Lilly and Company $LLY
Picton Mahoney Asset Management recently decreased its stake in Eli Lilly and Company (NYSE:LLY) by 33.1% in the third quarter, reducing its holdings to 29,253 shares valued at $22.32 million. Despite this, other hedge funds either maintained or increased their positions, and institutional investors collectively own a significant 82.53% of the stock. The article also provides a comprehensive overview of Eli Lilly’s recent financial performance, dividend increase, upcoming product launches, and analyst ratings, which generally recommend a “Moderate Buy.”