Skyline Asset Management LP Has Lifted Its Knowles (KN) Stake; RLJ Lodging Trust (RLJ) Sentiment Is 1.89

October 13, 2017 - By Michael Collier

Skyline Asset Management Lp increased Knowles Corp (KN) stake by 6.38% reported in 2017Q2 SEC filing. Skyline Asset Management Lp acquired 62,188 shares as Knowles Corp (KN)’s stock declined 8.91%. The Skyline Asset Management Lp holds 1.04M shares with $17.54M value, up from 974,312 last quarter. Knowles Corp now has $1.41 billion valuation. The stock increased 0.19% or $0.03 during the last trading session, reaching $15.64. About shares traded. Knowles Corp (NYSE:KN) has risen 40.62% since October 13, 2016 and is uptrending. It has outperformed by 23.92% the S&P500.

RLJ Lodging Trust is a self-administered real estate investment trust. The company has market cap of $3.92 billion. The Firm is engaged in the acquisition of focused-service and compact full-service hotels. It has a 20.78 P/E ratio. As of December 31, 2016, the Company owned 122 hotels with approximately 20,100 rooms, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel.

The stock increased 2.17% or $0.47 during the last trading session, reaching $22.38. About shares traded. RLJ Lodging Trust (RLJ) has risen 6.15% since October 13, 2016 and is uptrending. It has underperformed by 10.55% the S&P500.

Analysts await RLJ Lodging Trust (NYSE:RLJ) to report earnings on November, 1. They expect $0.57 earnings per share, down 17.39% or $0.12 from last year’s $0.69 per share. RLJ’s profit will be $99.84M for 9.82 P/E if the $0.57 EPS becomes a reality. After $0.71 actual earnings per share reported by RLJ Lodging Trust for the previous quarter, Wall Street now forecasts -19.72% negative EPS growth.

Kestrel Investment Management Corp holds 2.14% of its portfolio in RLJ Lodging Trust for 291,500 shares. Lasalle Investment Management Securities Llc owns 7.29 million shares or 1.83% of their US portfolio. Moreover, Hillcrest Asset Management Llc has 1.34% invested in the company for 364,293 shares. The Massachusetts-based Aew Capital Management L P has invested 1.12% in the stock. Profit Investment Management Llc, a Maryland-based fund reported 58,925 shares.

Skyline Asset Management Lp decreased Benchmark Electrs Inc (NYSE:BHE) stake by 36,800 shares to 616,239 valued at $19.91 million in 2017Q2. It also reduced Sanmina Corporation (NASDAQ:SANM) stake by 112,600 shares and now owns 277,310 shares. Glatfelter (NYSE:GLT) was reduced too.

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