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Letko, Brosseau & Associates reduced stake in Norbord Inc.

Published 01/25/2021, 03:50 PM
Updated 01/25/2021, 04:00 PM
© Reuters.  Letko, Brosseau & Associates reduced stake in Norbord Inc.
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On the 31st of December, Letko, Brosseau & Associates sold 915 thousand Norbord Inc. (NYSE:OSB) shares for $40 million at an average price of $43.20 per share. Shares of Norbord Inc. are down -0.28% since the transaction.

Letko, Brosseau & Associates's holding in Norbord Inc. decreased to about 3.8 million shares with the transaction.

Letko, Brosseau & Associates first bought Norbord Inc. stock in the first quarter of 2016. Letko, Brosseau & Associates also owns Cemex, S.A.B. de C.V. (CX). Norbord Inc. is its number one position by number of shares and market value among construction materials stocks.

Contrary to Letko, Brosseau & Associates, Investec Asset Management added to OSB shares, while BT Investment Management introduced OSB shares to their portfolio.

Letko, Brosseau & Associates also reduced their share in Celestica, Inc. (NYSE:CLS), Hudbay Minerals Inc . (NYSE:HBM) and Pretium Resources Inc (NYSE:PVG). The total value of the shares sold is estimated at around $108 million.

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