Loews Upped Its Cisco Systems (CSCO) Holding by $1.65 Million; Valuation Declined; Lasalle Investment Management Securities Holding in Rlj Lodging Trust (RLJ) Has Trimmed by $28.21 Million

February 22, 2018 - By Peter Erickson

Lasalle Investment Management Securities Llc decreased its stake in Rlj Lodging Trust (RLJ) by 17.59% based on its latest 2017Q3 regulatory filing with the SEC. Lasalle Investment Management Securities Llc sold 1.28M shares as the company’s stock declined 12.57% while stock markets rallied. The institutional investor held 6.01 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $132.15M, down from 7.29M at the end of the previous reported quarter. Lasalle Investment Management Securities Llc who had been investing in Rlj Lodging Trust for a number of months, seems to be less bullish one the $3.72 billion market cap company. The stock decreased 1.76% or $0.38 during the last trading session, reaching $21.24. About 1.28 million shares traded. RLJ Lodging Trust (NYSE:RLJ) has risen 6.15% since February 22, 2017 and is uptrending. It has underperformed by 10.55% the S&P500.

Loews Corp increased its stake in Cisco Systems Inc (CSCO) by 10% based on its latest 2017Q3 regulatory filing with the SEC. Loews Corp bought 50,000 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 550,000 shares of the technology company at the end of 2017Q3, valued at $18.50M, up from 500,000 at the end of the previous reported quarter. Loews Corp who had been investing in Cisco Systems Inc for a number of months, seems to be bullish on the $214.11 billion market cap company. The stock decreased 1.70% or $0.75 during the last trading session, reaching $43.31. About 28.50 million shares traded or 9.32% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 22, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. had 151 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, February 12 the stock rating was maintained by Oppenheimer with “Outperform”. The firm earned “Outperform” rating on Friday, September 23 by Raymond James. As per Friday, November 17, the company rating was maintained by Argus Research. As per Tuesday, November 24, the company rating was initiated by Suntrust Robinson. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 18 report. The firm earned “Buy” rating on Thursday, November 16 by Raymond James. The company was maintained on Thursday, May 19 by JP Morgan. Robert W. Baird maintained it with “Buy” rating and $38.0 target in Thursday, August 17 report. The rating was upgraded by Oppenheimer on Wednesday, June 21 to “Buy”. Pacific Crest maintained it with “Overweight” rating and $30 target in Wednesday, January 13 report.

Loews Corp, which manages about $15.72 billion US Long portfolio, decreased its stake in Tractor Supply Company (NASDAQ:TSCO) by 68,800 shares to 21,200 shares, valued at $1.34M in 2017Q3, according to the filing. It also reduced its holding in Anthem Inc (NYSE:ANTM) by 2,500 shares in the quarter, leaving it with 40,600 shares, and cut its stake in Express Scripts Holding Co (NASDAQ:ESRX).

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.16, from 1.18 in 2017Q2. It is negative, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. One Mngmt Ltd Liability Corp stated it has 85,325 shares. Rathbone Brothers Public Limited Co invested in 0.05% or 31,377 shares. Bingham Osborn & Scarborough Lc has 8,446 shares for 0.03% of their portfolio. Tru Company Of Toledo Na Oh owns 97,531 shares or 0.83% of their US portfolio. Edge Wealth Management Lc owns 358,200 shares. Tru Department Mb Bank N A reported 20,008 shares. Investment Counselors Of Maryland Ltd Co has 19,782 shares. Jacobs Levy Equity Management stated it has 8,340 shares. Inv Mgmt Of Virginia Limited Co holds 1.24% or 157,246 shares in its portfolio. Brandes Ptnrs Ltd Partnership holds 206,690 shares. Bryn Mawr Tru reported 676,285 shares. Conning holds 1.42% or 1.24M shares. Suntrust Banks reported 0.34% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Signaturefd Ltd Company holds 63,772 shares or 0.28% of its portfolio. Koch Industries invested in 28,520 shares or 0.23% of the stock.

Since August 23, 2017, it had 0 insider buys, and 6 sales for $15.73 million activity. Robbins Charles sold 121,390 shares worth $3.89 million. $821,900 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by BHATT PRAT. 23,110 shares were sold by Walker Karen, worth $740,883. CHAMBERS JOHN T had sold 250,000 shares worth $7.79 million. Shares for $578,740 were sold by MCGEARY RODERICK C. Shares for $7.59M were sold by BARTZ CAROL on Thursday, December 14.

Investors sentiment increased to 2.43 in 2017 Q3. Its up 0.54, from 1.89 in 2017Q2. It increased, as 19 investors sold RLJ shares while 42 reduced holdings. 53 funds opened positions while 95 raised stakes. 162.99 million shares or 29.18% more from 126.18 million shares in 2017Q2 were reported. Moreover, Deprince Race & Zollo Incorporated has 0.59% invested in RLJ Lodging Trust (NYSE:RLJ). The New York-based Spirit Of America Corp New York has invested 0.17% in RLJ Lodging Trust (NYSE:RLJ). Profund Limited Liability Company, a Maryland-based fund reported 12,306 shares. Hexavest Inc reported 0% in RLJ Lodging Trust (NYSE:RLJ). Morgan Stanley owns 4.30 million shares for 0.03% of their portfolio. Nine Chapters Cap Mngmt Ltd Co stated it has 12,800 shares or 0.62% of all its holdings. State Teachers Retirement Systems owns 0% invested in RLJ Lodging Trust (NYSE:RLJ) for 14,900 shares. Raymond James Associate has invested 0.01% in RLJ Lodging Trust (NYSE:RLJ). Cubist Systematic Strategies Limited Liability Com owns 50,257 shares for 0.06% of their portfolio. Sei Investments owns 571,338 shares. 392,084 were reported by Putnam Investments Ltd Limited Liability Company. Whittier Tru invested in 150 shares. James Inv Rech Incorporated reported 0% of its portfolio in RLJ Lodging Trust (NYSE:RLJ). Cim Invest Mangement invested 0.3% in RLJ Lodging Trust (NYSE:RLJ). Swiss Commercial Bank reported 292,058 shares.

Analysts await RLJ Lodging Trust (NYSE:RLJ) to report earnings on February, 27 after the close. They expect $0.49 EPS, down 18.33% or $0.11 from last year’s $0.6 per share. RLJ’s profit will be $85.70M for 10.84 P/E if the $0.49 EPS becomes a reality. After $0.61 actual EPS reported by RLJ Lodging Trust for the previous quarter, Wall Street now forecasts -19.67% negative EPS growth.

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