King Luther Capital Management Upped Chevron New (CVX) Stake By $19.97 Million; Pennsylvania Real Estate Investm (PEI) Shorts Raised By 3.5%

September 17, 2017 - By Dolores Ford

Pennsylvania Real Estate Investm (NYSE:PEI) had an increase of 3.5% in short interest. PEI’s SI was 15.18 million shares in September as released by FINRA. Its up 3.5% from 14.67M shares previously. With 1.90M avg volume, 8 days are for Pennsylvania Real Estate Investm (NYSE:PEI)’s short sellers to cover PEI’s short positions. The stock increased 0.56% or $0.06 on September 15, reaching $10.7. About 1.93M shares traded or 16.27% up from the average. Pennsylvania R.E.I.T. (NYSE:PEI) has declined 47.73% since September 17, 2016 and is downtrending. It has underperformed by 64.43% the S&P500.

King Luther Capital Management Corp increased Chevron Corp New (CVX) stake by 44.06% reported in 2016Q4 SEC filing. King Luther Capital Management Corp acquired 170,674 shares as Chevron Corp New (CVX)’s stock declined 3.45%. The King Luther Capital Management Corp holds 558,046 shares with $65.68 million value, up from 387,372 last quarter. Chevron Corp New now has $217.22B valuation. The stock increased 0.16% or $0.18 on September 15, reaching $114.63. About 8.39 million shares traded or 69.84% up from the average. Chevron Corporation (NYSE:CVX) has risen 6.68% since September 17, 2016 and is uptrending. It has underperformed by 10.02% the S&P500.

Since May 30, 2017, it had 3 insider buys, and 0 insider sales for $282,200 activity. ALBURGER GEORGE J JR bought 5,000 shares worth $58,900. ROBERTS JOHN JOSEPH bought $107,600 worth of Pennsylvania R.E.I.T. (NYSE:PEI) on Tuesday, May 30. CORADINO JOSEPH F bought 10,000 shares worth $115,700.

Among 7 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 14 analyst reports since January 26, 2016 according to SRatingsIntel. The company was downgraded on Monday, December 12 by Stifel Nicolaus. The firm has “Underperform” rating given on Tuesday, January 26 by Barclays Capital. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 14 report. SunTrust downgraded the stock to “Hold” rating in Friday, January 20 report. On Friday, January 20 the stock rating was downgraded by Suntrust Robinson to “Hold”. The stock of Pennsylvania R.E.I.T. (NYSE:PEI) earned “Hold” rating by Stifel Nicolaus on Friday, September 8. The firm earned “Buy” rating on Wednesday, April 20 by Stifel Nicolaus. The firm has “Hold” rating by Boenning & Scattergood given on Thursday, August 10. The firm earned “Outperform” rating on Wednesday, April 6 by Boenning & Scattergood. As per Wednesday, September 6, the company rating was maintained by Boenning & Scattergood.

Investors sentiment decreased to 1.43 in 2016 Q4. Its down 0.19, from 1.62 in 2016Q3. It turned negative, as 14 investors sold Pennsylvania R.E.I.T. shares while 54 reduced holdings. 31 funds opened positions while 69 raised stakes. 62.71 million shares or 3.49% more from 60.60 million shares in 2016Q3 were reported. Parametric Portfolio Limited Company accumulated 145,734 shares or 0% of the stock. Fifth Third National Bank & Trust invested in 0% or 1,336 shares. Illinois-based Heitman Real Ltd Limited Liability Company has invested 0.96% in Pennsylvania R.E.I.T. (NYSE:PEI). Wolverine Asset Management Ltd Limited Liability Company has 0% invested in Pennsylvania R.E.I.T. (NYSE:PEI) for 17,480 shares. Texas Permanent School Fund holds 50,717 shares or 0.01% of its portfolio. Mason Street Ltd invested 0.01% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI). North Carolina-based Salem Investment Counselors has invested 0% in Pennsylvania R.E.I.T. (NYSE:PEI). Macquarie Grp Inc holds 0% or 38,400 shares in its portfolio. Capstone Asset Mgmt Co holds 0.01% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 15,735 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 3,534 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Pennsylvania R.E.I.T. (NYSE:PEI). Prelude Management Ltd Liability stated it has 45,525 shares or 0.1% of all its holdings. Commercial Bank Of America De invested in 0% or 275,919 shares. Indexiq Advsr Lc holds 0.06% of its portfolio in Pennsylvania R.E.I.T. (NYSE:PEI) for 65,198 shares. The New Jersey-based Highlander Capital Mngmt Lc has invested 0.05% in Pennsylvania R.E.I.T. (NYSE:PEI).

Pennsylvania Real Estate Investment Trust is a self-managed and self-administered real estate investment trust (REIT). The company has market cap of $747.16 million. The Company’s primary business is owning and operating retail shopping malls, which it does primarily through operating partnership, PREIT Associates, L.P. (PREIT Associates). It currently has negative earnings. The Firm is engaged in the ownership, management, leasing, acquisition, redevelopment, development and disposition of shopping malls.

Investors sentiment increased to 1.03 in 2016 Q4. Its up 0.06, from 0.97 in 2016Q3. It is positive, as 55 investors sold CVX shares while 689 reduced holdings. 120 funds opened positions while 617 raised stakes. 1.17 billion shares or 3.12% more from 1.13 billion shares in 2016Q3 were reported. Concannon Wealth Mngmt Ltd Llc invested in 0.62% or 4,917 shares. Savings Bank Of Stockton invested 0.72% of its portfolio in Chevron Corporation (NYSE:CVX). National Bank & Trust Of The Ozarks accumulated 25,638 shares. The Indiana-based Iab Savings Bank has invested 1.48% in Chevron Corporation (NYSE:CVX). Penobscot Investment stated it has 34,215 shares. Ing Groep Nv reported 0.07% of its portfolio in Chevron Corporation (NYSE:CVX). Fundx Gp Ltd accumulated 13,968 shares. Moreover, Glenmede Na has 0.79% invested in Chevron Corporation (NYSE:CVX) for 1.23M shares. Keystone Planning invested in 4.72% or 61,370 shares. Moreover, Thompson Siegel Walmsley Ltd Com has 0.09% invested in Chevron Corporation (NYSE:CVX) for 57,874 shares. Fiera Corporation invested in 460,370 shares or 0.3% of the stock. Rockland Trust stated it has 100,657 shares or 1.9% of all its holdings. Bancorpsouth Inc reported 20,268 shares stake. Levin Cap Strategies Limited Partnership invested in 0.66% or 326,816 shares. 46,078 are owned by Wilbanks Smith & Thomas Asset Management Limited Liability Com.

Among 33 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 1 Sell and 8 Hold. Therefore 73% are positive. Chevron Corporation had 74 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Thursday, July 27. The firm earned “Sell” rating on Friday, August 18 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, August 24 by Piper Jaffray. The firm has “Hold” rating by RBC Capital Markets given on Friday, March 24. Morgan Stanley upgraded Chevron Corporation (NYSE:CVX) on Tuesday, November 1 to “Overweight” rating. Credit Suisse maintained the shares of CVX in report on Wednesday, August 23 with “Buy” rating. The stock has “Hold” rating by S&P Research on Tuesday, August 4. Jefferies maintained it with “Buy” rating and $116 target in Monday, July 11 report. BMO Capital Markets maintained it with “Buy” rating and $12000 target in Friday, July 28 report. The stock of Chevron Corporation (NYSE:CVX) has “Neutral” rating given on Monday, November 2 by Credit Suisse.

King Luther Capital Management Corp decreased Fair Isaac Corp (NYSE:FICO) stake by 7,905 shares to 61,330 valued at $7.31M in 2016Q4. It also reduced Apogee Enterprises Inc (NASDAQ:APOG) stake by 51,970 shares and now owns 42,450 shares. Affiliated Managers Group (NYSE:AMG) was reduced too.

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