Los Angeles Capital Management & Equity Research Decreased Its Simon Ppty Group (SPG) Position by $648,347; Cbs (Put) (CBS) Shareholder Westchester Capital Management Has Raised Its Holding by $8.36 Million

January 14, 2018 - By Migdalia James

Los Angeles Capital Management & Equity Research Inc decreased its stake in Simon Ppty Group Inc (SPG) by 12.3% based on its latest 2017Q3 regulatory filing with the SEC. Los Angeles Capital Management & Equity Research Inc sold 4,027 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 28,700 shares of the consumer services company at the end of 2017Q3, valued at $4.62 million, down from 32,727 at the end of the previous reported quarter. Los Angeles Capital Management & Equity Research Inc who had been investing in Simon Ppty Group Inc for a number of months, seems to be less bullish one the $59.27B market cap company. The stock increased 0.41% or $0.68 during the last trading session, reaching $165.51. About 1.24M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 14, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Westchester Capital Management Llc increased its stake in Cbs Corporation (Put) (CBS) by 114.9% based on its latest 2017Q3 regulatory filing with the SEC. Westchester Capital Management Llc bought 144,200 shares as the company’s stock declined 6.13% while stock markets rallied. The institutional investor held 269,700 shares of the broadcasting company at the end of 2017Q3, valued at $15.64M, up from 125,500 at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Cbs Corporation (Put) for a number of months, seems to be bullish on the $22.49 billion market cap company. The stock increased 1.82% or $1.05 during the last trading session, reaching $58.83. About 6.28M shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since January 14, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Westchester Capital Management Llc, which manages about $5.44 billion and $3.17B US Long portfolio, decreased its stake in Level 3 Communications Inc. (NYSE:LVLT) by 1.29 million shares to 881,148 shares, valued at $46.96 million in 2017Q3, according to the filing. It also reduced its holding in Cbs Corporation (NYSE:CBS) by 9,900 shares in the quarter, leaving it with 115,600 shares, and cut its stake in Marathon Petroleum Corporation (Put) (NYSE:MPC).

Among 35 analysts covering CBS Corp (NYSE:CBS), 28 have Buy rating, 0 Sell and 7 Hold. Therefore 80% are positive. CBS Corp had 104 analyst reports since August 6, 2015 according to SRatingsIntel. Macquarie Research downgraded the shares of CBS in report on Tuesday, January 2 to “Neutral” rating. Citigroup maintained it with “Buy” rating and $75 target in Wednesday, October 4 report. On Wednesday, January 3 the stock rating was maintained by Piper Jaffray with “Buy”. UBS maintained the shares of CBS in report on Wednesday, November 4 with “Neutral” rating. Jefferies maintained CBS Corporation (NYSE:CBS) rating on Thursday, November 2. Jefferies has “Buy” rating and $66.0 target. Loop Capital maintained CBS Corporation (NYSE:CBS) on Monday, November 13 with “Buy” rating. The firm earned “Hold” rating on Thursday, February 16 by Pivotal Research. The rating was maintained by Citigroup on Wednesday, August 23 with “Buy”. The firm has “Buy” rating by Cowen & Co given on Thursday, August 6. RBC Capital Markets maintained CBS Corporation (NYSE:CBS) rating on Thursday, October 12. RBC Capital Markets has “Buy” rating and $77.0 target.

Since August 2, 2017, it had 0 insider buys, and 13 sales for $73.85 million activity. CALIFANO JOSEPH A had sold 5,093 shares worth $321,088 on Wednesday, August 9. 8,167 shares were sold by Ambrosio Anthony G, worth $538,673. 5,093 shares valued at $327,506 were sold by COUNTRYMAN GARY L on Wednesday, August 9. Schwartz Gil D had sold 54,131 shares worth $3.16 million on Monday, September 11.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.23, from 0.8 in 2017Q2. It increased, as 53 investors sold CBS shares while 225 reduced holdings. 80 funds opened positions while 206 raised stakes. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Goldman Sachs Gp accumulated 1.91M shares or 0.03% of the stock. Horizon Kinetics Ltd Co owns 215,136 shares. Eaton Vance reported 736,651 shares. Sei Investments has invested 0.06% in CBS Corporation (NYSE:CBS). Sol Capital Mgmt holds 0.08% of its portfolio in CBS Corporation (NYSE:CBS) for 5,165 shares. Dubuque Bancorp has 821 shares for 0.01% of their portfolio. 50 were reported by Baystate Wealth Management Limited. 1St Source Bancshares reported 0.02% stake. Calamos Limited Liability invested in 161,001 shares. 170,979 were reported by Credit Agricole S A. Pggm holds 0.17% of its portfolio in CBS Corporation (NYSE:CBS) for 579,591 shares. Investment Counsel, North Carolina-based fund reported 4,953 shares. 129 are held by Thompson Siegel Walmsley Ltd Com. 1.35M were accumulated by Dorsal Mngmt Limited Liability Corporation. Atlantic Trust Grp Ltd Liability Corporation reported 0% in CBS Corporation (NYSE:CBS).

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on January, 30. They expect $3.11 EPS, up 6.87% or $0.20 from last year’s $2.91 per share. SPG’s profit will be $1.11B for 13.30 P/E if the $3.11 EPS becomes a reality. After $2.89 actual EPS reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 7.61% EPS growth.

Among 19 analysts covering Simon Property Group (NYSE:SPG), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Simon Property Group had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Simon Property Group, Inc. (NYSE:SPG) on Monday, July 24 with “Buy” rating. The rating was maintained by Argus Research with “Buy” on Thursday, August 11. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, June 20. Stifel Nicolaus maintained the shares of SPG in report on Monday, March 21 with “Buy” rating. Mizuho maintained it with “Buy” rating and $183.0 target in Sunday, October 29 report. The firm earned “Buy” rating on Tuesday, August 1 by Canaccord Genuity. Suntrust Robinson downgraded the shares of SPG in report on Friday, January 20 to “Hold” rating. Jefferies maintained it with “Buy” rating and $200.0 target in Friday, October 27 report. The firm has “Buy” rating given on Monday, September 25 by Jefferies. The rating was downgraded by Evercore on Monday, November 16 to “Hold”.

Los Angeles Capital Management & Equity Research Inc, which manages about $15.74B and $17.35 billion US Long portfolio, upped its stake in Idexx Labs Inc (NASDAQ:IDXX) by 24,911 shares to 190,764 shares, valued at $29.66 million in 2017Q3, according to the filing. It also increased its holding in Rowan Companies Plc (NYSE:RDC) by 34,385 shares in the quarter, for a total of 476,372 shares, and has risen its stake in Renaissance Re Hldgs (NYSE:RNR).

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