As Pennsylvania Rl Estate Invt (PEI) Stock Price Declined, King Street Capital Management LP Has Increased Position; As International Business Machines (IBM) Share Price Declined, Palo Capital Has Upped Its Holding by $1.10 Million

February 21, 2018 - By Marie Mckinney

Brian J. Higgins increased its stake in Pennsylvania Rl Estate Invt (PEI) by 240% based on its latest 2017Q3 regulatory filing with the SEC. King Street Capital Management Lp bought 1.20M shares as the company’s stock declined 36.64% while stock markets rallied. The hedge fund run by Brian J. Higgins held 1.70M shares of the real estate investment trusts company at the end of 2017Q3, valued at $17.83M, up from 500,000 at the end of the previous reported quarter. King Street Capital Management Lp who had been investing in Pennsylvania Rl Estate Invt for a number of months, seems to be bullish on the $799.03 million market cap company. The stock decreased 3.33% or $0.35 during the last trading session, reaching $10.16. About 1.35 million shares traded or 4.84% up from the average. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 47.73% since February 21, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.

William Leland Edwards increased its stake in International Business Machines (IBM) by 39.23% based on its latest 2017Q3 regulatory filing with the SEC. Palo Capital Inc bought 7,558 shares as the company’s stock declined 15.88% while stock markets rallied. The hedge fund run by William Leland Edwards held 26,825 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.89M, up from 19,267 at the end of the previous reported quarter. Palo Capital Inc who had been investing in International Business Machines for a number of months, seems to be bullish on the $143.65 billion market cap company. The stock decreased 0.65% or $1.02 during the last trading session, reaching $155.16. About 4.49M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 21, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Since January 31, 2018, it had 1 buy, and 0 sales for $99,659 activity.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Tuesday, April 19 by Bernstein. Jefferies maintained it with “Sell” rating and $13500 target in Thursday, June 22 report. The firm has “Sell” rating given on Wednesday, July 12 by Jefferies. The stock of International Business Machines Corporation (NYSE:IBM) earned “Overweight” rating by Morgan Stanley on Tuesday, July 19. Societe Generale downgraded the shares of IBM in report on Wednesday, April 19 to “Sell” rating. Morgan Stanley upgraded International Business Machines Corporation (NYSE:IBM) rating on Thursday, February 18. Morgan Stanley has “Overweight” rating and $140 target. JP Morgan maintained the stock with “Neutral” rating in Friday, October 2 report. Goldman Sachs maintained it with “Neutral” rating and $145 target in Tuesday, October 18 report. JP Morgan maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, April 19 with “Neutral” rating. The rating was maintained by Drexel Hamilton with “Buy” on Tuesday, April 19.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Country Bankshares reported 1,840 shares stake. Old Natl Bankshares In has 0.35% invested in International Business Machines Corporation (NYSE:IBM) for 44,863 shares. Northstar Invest has invested 1.27% in International Business Machines Corporation (NYSE:IBM). 5,070 are owned by Maryland Capital Mngmt. Hbk Sorce Advisory Ltd Llc holds 10,402 shares. Hgk Asset Mngmt Incorporated accumulated 1.88% or 91,208 shares. Orrstown Financial Service reported 0.04% stake. Viking Fund Mgmt Ltd Liability Corp reported 25,000 shares stake. Marathon Mngmt holds 4,620 shares or 0.28% of its portfolio. Brinker Cap reported 8,211 shares stake. Cambridge Invest Advsrs Inc stated it has 0.23% of its portfolio in International Business Machines Corporation (NYSE:IBM). Seaward Mngmt Limited Partnership invested in 61,356 shares or 0.44% of the stock. Ironwood Inv Counsel Ltd Liability Corp invested in 1.91% or 32,542 shares. The Wisconsin-based Skylands Cap Ltd Liability has invested 0% in International Business Machines Corporation (NYSE:IBM). Regentatlantic Ltd Company owns 0.82% invested in International Business Machines Corporation (NYSE:IBM) for 64,921 shares.

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