Economy

Tanger Factory Outlet Centers (NYSE:SKT) Given "Hold" Rating at Jefferies Group

Tanger Factory Outlet Centers (NYSE:SKT) Given

The counter witnessed a trading volume of 0.42 million shares versus an average volume of 0.36 million shares during last trading session. About 476,366 shares traded or 41.91% up from the average. During the key period of last 5 years, Tanger Factory Outlet Centers, Inc. Schwab Charles Investment Management Inc. grew its holdings in shares of Tanger Factory Outlet Centers by 7.1% during the second quarter. (WPC) stake by 6.69% reported in 2017Q3 SEC filing. Foundry Partners Llc acquired 9,879 shares as Exactech Inc (EXAC)'s stock rose 19.88%. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

The S&P 500 hit a fresh all-time high, rising 0.1 percent to close at 2,751.29. About 46,488 shares traded. Allegion plc (NYSE:ALLE) has risen 17.63% since January 11, 2017 and is uptrending. It has outperformed by 115.40% the S&P500. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. Therefore 78% are positive. Owens Corning had 71 analyst reports since July 23, 2015 according to SRatingsIntel. Alta Capital Management Llc who had been investing in Broadridge Fin'l Solutns for a number of months, seems to be bullish on the $10.84B market cap company. The firm has "Outperform" rating by RBC Capital Markets given on Monday, January 11. Salem Investment Counselors Inc. now owns 4,900 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 3,045 shares during the period.

SKT has been the topic of several other research reports. As per Friday, October 28, the company rating was maintained by Hovde Group.

Foundry Partners Llc decreased Amgen Inc (NASDAQ:AMGN) stake by 1,640 shares to 88,780 valued at $16.55M in 2017Q3. It also upped Hess Corp (NYSE:HES) stake by 375,081 shares and now owns 1.38 million shares.

Since August 4, 2017, it had 0 insider purchases, and 7 selling transactions for $15.64 million activity. Hovenier Peter also sold $714,136 worth of Boingo Wireless, Inc. The lowest price the stock reached in the last trading day was $98.391 and compares with the $44.69 52-week low. The insider SMITH DANIEL T sold $2.94M. It dived, as 27 investors sold SKT shares while 92 reduced holdings.

Investors sentiment decreased to 1.01 in 2017 Q3. Its up 0.26, from 1.82 in 2017Q2. Shares for $287,027 were sold by McDonough Thomas E. 61 funds opened positions while 120 raised stakes. Denver Inv Advsrs Limited Liability holds 0.11% or 89,057 shares in its portfolio. 115.08 million shares or 8.34% more from 106.22 million shares in 2017Q2 were reported. Public Employees Retirement Association Of Colorado reported 0% stake. Rhumbline Advisers holds 0.02% of its portfolio in Owens Corning (NYSE:OC) for 116,816 shares. Liberty Capital Mgmt holds 2,111 shares. With an institutional ownership near 93.8%, it carries an earnings per share ratio of 0.58. (NYSE:SKT). Weaver C Barksdale & Associates holds 0% or 103 shares in its portfolio. Great West Life Assurance Comm Can reported 2,611 shares. Menora Mivtachim Limited stated it has 0.54% in Owens Corning (NYSE:OC). Swiss Commercial Bank accumulated 0% or 161,200 shares. The New York-based State Common Retirement Fund has invested 0% in Imperva, Inc. Its last month's stock price volatility remained 2.85% which for the week stands at 2.25%. Jefferies Group cut their FY2017 earnings per share (EPS) estimates for shares of Tanger Factory Outlet Centers in a report issued on Thursday.

Meanwhile, during the same quarter Tanger Factory Outlet Centers, Inc. On Tuesday, September 22 the stock rating was upgraded by Zacks to "Hold".

Foundry Partners Llc increased Exactech Inc (EXAC) stake by 8.63% reported in 2017Q3 SEC filing. Thrivent For Lutherans invested 0% of its portfolio in Tanger Factory Outlet Centers, Inc. (NASDAQ:EXAC) has "Hold" rating given on Monday, October 23 by Robert W. Baird.

WARNING: "Tanger Factory Outlet Centers (NYSE:SKT) Given "Hold" Rating at Jefferies Group" was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. On Thursday, August 10 the stock rating was maintained by Oppenheimer with "Buy". (NYSE:SKT) for 282,901 shares. Amalgamated Fincl Bank holds 0.01% of its portfolio in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) for 17,636 shares. (NYSE:SKT) earned "Hold" rating by Jefferies on Monday, July 24. Also, the current price highlights a discount of 67.18% to analysts' high consensus price target.

Since August 1, 2017, it had 0 buys, and 2 sales for $330,551 activity. The institutional investor held 454,536 shares of the miscellaneous company at the end of 2017Q3, valued at $36.74 million, up from 195,086 at the end of the previous reported quarter.

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