Fmr LLC Has $10.94 Million Stake in CBL & Associates Properties, Inc. (NYSE:CBL)

FMR LLC cut its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 75.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,146,268 shares of the real estate investment trust’s stock after selling 3,441,700 shares during the period. FMR LLC owned 0.67% of CBL & Associates Properties worth $10,935,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. raised its stake in shares of CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,525 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CBL & Associates Properties by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,881 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,163 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,843 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 3,000 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of CBL & Associates Properties during the first quarter valued at $131,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

CBL & Associates Properties, Inc. (NYSE CBL) traded down 1.84% during midday trading on Friday, hitting $8.01. The stock had a trading volume of 3,643,907 shares. The company has a market capitalization of $1.37 billion, a PE ratio of 13.62 and a beta of 1.17. CBL & Associates Properties, Inc. has a 1-year low of $7.15 and a 1-year high of $14.30. The stock’s 50-day moving average is $8.62 and its 200-day moving average is $9.02.

TRADEMARK VIOLATION NOTICE: This report was posted by BNB Daily and is owned by of BNB Daily. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/cbl-associates-properties-inc-nysecbl-shares-sold-by-fmr-llc-updated-updated-updated.html.

Several brokerages have recently weighed in on CBL. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. Stifel Nicolaus began coverage on CBL & Associates Properties in a research report on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. Finally, Barclays PLC restated a “hold” rating and set a $9.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. CBL & Associates Properties currently has an average rating of “Hold” and a consensus price target of $10.39.

CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.

Institutional Ownership by Quarter for CBL & Associates Properties (NYSE:CBL)

Receive News & Ratings for CBL & Associates Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBL & Associates Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply