As Sinclair Broadcast Group (SBGI) Shares Declined, Hg Vora Capital Management Boosted by $72.00 Million Its Position; Aew Capital Management LP Decreased Its Stake in Taubman Centers (TCO) as Share Price Declined

February 21, 2018 - By Jacob Smith

Jeffrey Furber decreased its stake in Taubman Centers Inc (TCO) by 7.89% based on its latest 2017Q3 regulatory filing with the SEC. Aew Capital Management LP sold 93,100 shares as the company’s stock declined 11.85% while stock markets rallied. The hedge fund run by Jeffrey Furber held 1.09 million shares of the consumer services company at the end of 2017Q3, valued at $53.99 million, down from 1.18M at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Taubman Centers Inc for a number of months, seems to be less bullish one the $5.08 billion market cap company. The stock decreased 2.96% or $1.81 during the last trading session, reaching $59.28. About 360,806 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 13.21% since February 21, 2017 and is downtrending. It has underperformed by 29.91% the S&P500.

Parag Vora increased its stake in Sinclair Broadcast Group Inc (SBGI) by 47.37% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc bought 2.25 million shares as the company’s stock declined 9.32% while stock markets rallied. The hedge fund run by Parag Vora held 7.00 million shares of the consumer services company at the end of 2017Q3, valued at $224.35 million, up from 4.75M at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.73 billion market cap company. It closed at $36.65 lastly. It is down 12.28% since February 21, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Aew Capital Management L P, which manages about $25.93B and $4.02 billion US Long portfolio, upped its stake in Kilroy Realty Corp (NYSE:KRC) by 55,650 shares to 181,850 shares, valued at $12.93 million in 2017Q3, according to the filing. It also increased its holding in Digital Realty Trust Inc (NYSE:DLR) by 1.18M shares in the quarter, for a total of 1.58 million shares, and has risen its stake in Retail Properties Of America Inc Cl A (NYSE:RPAI).

Investors sentiment is 1.22 in Q3 2017. Its the same as in 2017Q2. It is the same, as 25 investors sold TCO shares while 61 reduced holdings. only 31 funds opened positions while 74 raised stakes. 56.53 million shares or 2.90% less from 58.22 million shares in 2017Q2 were reported. Ray Gerald L And Associates Ltd has invested 0.06% in Taubman Centers, Inc. (NYSE:TCO). World Asset Management Inc holds 4,979 shares. Laurion Capital Limited Partnership holds 0.04% in Taubman Centers, Inc. (NYSE:TCO) or 184,497 shares. Delaware-based Riverhead Mgmt Limited Liability Corp has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Vanguard Gru reported 0.02% stake. Qs Invsts Limited Liability has invested 0% in Taubman Centers, Inc. (NYSE:TCO). Jefferies Group Ltd Liability Corporation owns 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 7,866 shares. Employees Retirement Systems Of Texas reported 0.03% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Numeric Investors accumulated 0.28% or 737,077 shares. Nationwide Fund Advsr, a Pennsylvania-based fund reported 192,919 shares. Ngam Advisors LP stated it has 75,397 shares. 7,955 are owned by Horizon Kinetics Limited Liability Com. Panagora Asset stated it has 78,968 shares. Profund Lc has invested 0.02% in Taubman Centers, Inc. (NYSE:TCO). Invesco owns 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 417,617 shares.

Among 19 analysts covering Taubman Centers Inc. (NYSE:TCO), 4 have Buy rating, 1 Sell and 14 Hold. Therefore 21% are positive. Taubman Centers Inc. had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Wednesday, January 11. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, February 16 report. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Neutral” rating given on Thursday, August 25 by BTIG Research. The rating was maintained by Jefferies on Monday, July 24 with “Hold”. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. Jefferies maintained Taubman Centers, Inc. (NYSE:TCO) rating on Monday, June 19. Jefferies has “Hold” rating and $5600 target. On Friday, February 16 the stock rating was maintained by Mizuho with “Hold”. Citigroup maintained it with “Neutral” rating and $61 target in Tuesday, February 13 report. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, September 14. As per Monday, September 18, the company rating was downgraded by Morgan Stanley.

Analysts await Taubman Centers, Inc. (NYSE:TCO) to report earnings on April, 26. They expect $0.93 earnings per share, up 1.09% or $0.01 from last year’s $0.92 per share. TCO’s profit will be $79.66 million for 15.94 P/E if the $0.93 EPS becomes a reality. After $1.03 actual earnings per share reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts -9.71% negative EPS growth.

Since December 13, 2017, it had 1 insider buy, and 4 insider sales for $5.68 million activity. Wolff David A. sold $20,657 worth of stock. 1,350 shares were sold by HATKOFF CRAIG M, worth $79,137. The insider TAUBMAN WILLIAM S sold 35,000 shares worth $2.19M. Marakovits Cornelia Connelly bought $253,400 worth of stock or 4,000 shares.

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