What Next for Taubman Centers Inc (NYSE:TCO) Stock After Decrease in Shorted Shares?

April 16, 2018 - By Winifred Garcia

Taubman Centers, Inc. (NYSE:TCO) Logo

Investors sentiment increased to 1.28 in 2017 Q4. Its up 0.06, from 1.22 in 2017Q3. It increased, as 30 investors sold Taubman Centers, Inc. shares while 63 reduced holdings. 54 funds opened positions while 65 raised stakes. 65.43 million shares or 15.75% more from 56.53 million shares in 2017Q3 were reported.
Whittier Trust holds 0% or 70 shares in its portfolio. First Tru Advisors Ltd Partnership holds 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 14,062 shares. State Of Wisconsin Investment Board accumulated 12,163 shares or 0% of the stock. Lazard Asset Management Ltd Limited Liability Company holds 153 shares or 0% of its portfolio. South Dakota Investment Council has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Highland Management L P has 0.03% invested in Taubman Centers, Inc. (NYSE:TCO). Ngam Advsrs L P invested in 0.04% or 57,140 shares. Moreover, Lourd Capital Ltd Liability Co has 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 3,338 shares. Brown Brothers Harriman & reported 130 shares or 0% of all its holdings. Goldman Sachs Grp has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Eaton Vance Management holds 0% or 9,400 shares in its portfolio. Ameriprise Incorporated holds 0.02% in Taubman Centers, Inc. (NYSE:TCO) or 630,204 shares. Riverhead Capital Ltd invested in 5,903 shares or 0.02% of the stock. 33 are held by Advisory Services Net Ltd Liability Corp. Pub Employees Retirement Association Of Colorado holds 0.01% in Taubman Centers, Inc. (NYSE:TCO) or 14,033 shares.

Since December 13, 2017, it had 1 insider purchase, and 5 insider sales for $5.70 million activity. HATKOFF CRAIG M sold $79,137 worth of Taubman Centers, Inc. (NYSE:TCO) on Tuesday, February 13. Another trade for 318 shares valued at $20,657 was made by Wolff David A. on Tuesday, December 19. TAUBMAN ROBERT S had sold 58,000 shares worth $3.64M. On Friday, December 15 the insider Marakovits Cornelia Connelly bought $253,400.

The stock of Taubman Centers Inc (NYSE:TCO) registered a decrease of 28.56% in short interest. TCO’s total short interest was 5.13M shares in April as published by FINRA. Its down 28.56% from 7.18 million shares, reported previously. With 877,000 shares average volume, it will take short sellers 6 days to cover their TCO’s short positions. The short interest to Taubman Centers Inc’s float is 8.76%.

The stock increased 0.18% or $0.1 during the last trading session, reaching $57.22. About 138,248 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 12.94% since April 16, 2017 and is downtrending. It has underperformed by 24.49% the S&P500.

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. The company has market cap of $4.91 billion. Taubman??s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. It has a 63.09 P/E ratio. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich.

Taubman Centers, Inc. (NYSE:TCO) Ratings Coverage

Among 5 analysts covering Taubman Centers (NYSE:TCO), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Taubman Centers had 7 analyst reports since November 8, 2017 according to SRatingsIntel. The company was maintained on Friday, December 22 by Jefferies. On Friday, February 16 the stock rating was maintained by Mizuho with “Hold”. Sandler O’Neill maintained the shares of TCO in report on Tuesday, February 13 with “Hold” rating. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, December 13. BMO Capital Markets maintained the shares of TCO in report on Tuesday, January 9 with “Hold” rating. The firm earned “Neutral” rating on Wednesday, November 8 by Mizuho. On Tuesday, February 13 the stock rating was maintained by Citigroup with “Neutral”.

Taubman Centers, Inc. (NYSE:TCO) Institutional Positions Chart

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