Wedge Capital Management L L P NC lowered its stake in shares of Legg Mason Inc (NYSE:LM) by 11.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 313,425 shares of the asset manager’s stock after selling 39,717 shares during the period. Wedge Capital Management L L P NC owned approximately 0.37% of Legg Mason worth $8,578,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds also recently made changes to their positions in the company.