Will Alcatel-Lucent’s Sales Woes And Net Losses Cause These Top Institutional Shareholders To Look Elsewhere?

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Alcatel Lucent (NYSE:ALU) reported a full year net loss of €1.37 billion, or $1.85 billion, after sales fell off in Europe and China, and the company booked a non-cash charge of €1.4 billion related to the deposition of goodwill and fixed assets and the corresponding impact on deferred tax. Fourth quarter sales were down 1.3% year-on-year to €4.1 billion. Full-year sales, at €14.45 billion, were lower by 5.7% compared to 2011. Full-year operating profit was €117 million. The company skipped a dividend and showed the door to their Chief Executive Officer, Ben Verwaayen, who will step down once a successor is found.

Will  Alcatel-Lucent’s shareholders derease their holdings? They reported owning a total of 25.51 million shares on 12/31/2012. The shares closed at $1.39 on 12/31/2012.

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Here are the ten largest positions in Alcatel-Lucent at the end of December 31st, 2012.

Blue Mountain Capital Management LLC. held 6,000,000 shares on 12/31/2012 worth $8,340,000. This brought the portfolio total to 0.58%.

Manning & Napier Advisers LLC. held 5,899,164 shares on 12/31/2012 worth $8,199,838. This brought the portfolio total to 0.04%.

Kopp Investment Advisors LLC. held 2,511,584 shares on 12/31/2012 worth $3,491,102. This brought the portfolio total to 1.6%.

DLS Capital Management LLC, held 2,233,640 shares on 12/31/2012 worth $3,104,760. This brought the portfolio total to 1.09%.

Gruber & McBaine Capital Management LLC. held 1,520,226 shares on 12/31/2012 worth $2,113,114. This brought the portfolio total to 0.78%.

Legal & General Group PLC. held 1,340,095 shares on 12/31/2012 worth $1,862,732. This brought the portfolio total to 0.0%.

Marathon Asset Management LLP. held 700,104 shares on 12/31/2012 worth $973,145. This brought the portfolio total to 0.02%.

Hap Trading LLC. held 675,100 shares on 12/31/2012 worth $813,000. This brought the portfolio total to 0.03%.

Raymond James & Associates held 606,797 shares on 12/31/2012 worth $843,448. This brought the portfolio total to 0.01%.

Prescott Group Capital Management LLC. held 395,000 shares on 12/31/2012 worth $549,050. This brought the portfolio total to 0.14%.

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