Adirondack Research & Management Increased By $338,506 Its Covanta Hldg (CVA) Stake; WP Carey Reit (WPC) Sellers Increased By 5.86% Their Shorts

February 15, 2018 - By wolcottdaily

WP Carey Reit (NYSE:WPC) had an increase of 5.86% in short interest. WPC’s SI was 2.44M shares in February as released by FINRA. Its up 5.86% from 2.31M shares previously. With 247,300 avg volume, 10 days are for WP Carey Reit (NYSE:WPC)’s short sellers to cover WPC’s short positions. The SI to WP Carey Reit’s float is 2.33%. The stock increased 0.81% or $0.4909 during the last trading session, reaching $60.8509. About 171,407 shares traded. W. P. Carey Inc. (NYSE:WPC) has risen 2.82% since February 15, 2017 and is uptrending. It has underperformed by 13.88% the S&P500.

Adirondack Research & Management Inc increased Covanta Hldg Corp (CVA) stake by 7.72% reported in 2017Q3 SEC filing. Adirondack Research & Management Inc acquired 24,179 shares as Covanta Hldg Corp (CVA)’s stock declined 11.25%. The Adirondack Research & Management Inc holds 337,297 shares with $5.01M value, up from 313,118 last quarter. Covanta Hldg Corp now has $2.11B valuation. The stock increased 0.31% or $0.05 during the last trading session, reaching $16.15. About 221,082 shares traded. Covanta Holding Corporation (NYSE:CVA) has declined 13.10% since February 15, 2017 and is downtrending. It has underperformed by 29.80% the S&P500.

Adirondack Research & Management Inc decreased Horizon Global Corp stake by 45,062 shares to 37,750 valued at $666,000 in 2017Q3. It also reduced Gaiam Inc stake by 36,561 shares and now owns 127,796 shares. Seaboard Corp (NYSEMKT:SEB) was reduced too.

Among 11 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Covanta had 47 analyst reports since October 8, 2015 according to SRatingsIntel. The rating was upgraded by Stifel Nicolaus on Thursday, February 18 to “Buy”. The stock of Covanta Holding Corporation (NYSE:CVA) has “Outperform” rating given on Tuesday, December 29 by Wedbush. Imperial Capital maintained Covanta Holding Corporation (NYSE:CVA) rating on Thursday, October 29. Imperial Capital has “Outperform” rating and $20 target. The firm has “Neutral” rating given on Friday, April 29 by Robert W. Baird. On Thursday, July 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, July 12 report. As per Thursday, November 19, the company rating was maintained by Barclays Capital. The firm earned “Neutral” rating on Monday, January 8 by Goldman Sachs. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, March 18 report. The stock of Covanta Holding Corporation (NYSE:CVA) earned “Buy” rating by Robert W. Baird on Thursday, October 5.

Investors sentiment decreased to 1.32 in Q3 2017. Its down 0.18, from 1.5 in 2017Q2. It is negative, as 27 investors sold W. P. Carey Inc. shares while 85 reduced holdings. 39 funds opened positions while 109 raised stakes. 50.07 million shares or 1.27% less from 50.71 million shares in 2017Q2 were reported. 356 are owned by Baystate Wealth Management Limited Liability Company. Brown Advisory Securities Ltd Limited Liability Company reported 12,510 shares. Stellar Capital Management has invested 1.83% of its portfolio in W. P. Carey Inc. (NYSE:WPC). Mercer Capital Advisers holds 775 shares. Fdx Advsrs Incorporated holds 0.02% of its portfolio in W. P. Carey Inc. (NYSE:WPC) for 9,257 shares. Columbia Asset Mngmt reported 0.16% in W. P. Carey Inc. (NYSE:WPC). Qs Limited Liability Company holds 0.01% or 25,954 shares in its portfolio. Profund Advsrs Limited Liability Company has 5,455 shares. Cwm Lc holds 4,761 shares or 0.02% of its portfolio. Utah Retirement Sys holds 0.04% in W. P. Carey Inc. (NYSE:WPC) or 23,722 shares. Ny State Common Retirement Fund holds 0.02% in W. P. Carey Inc. (NYSE:WPC) or 234,400 shares. Cornerstone Capital Mngmt Ltd Liability holds 67,723 shares or 0.04% of its portfolio. Carret Asset Mgmt Lc reported 3,148 shares. Neuberger Berman Gp Ltd Liability Corp accumulated 0.01% or 67,666 shares. Conestoga Advsr Limited Liability Co owns 0.01% invested in W. P. Carey Inc. (NYSE:WPC) for 4,550 shares.

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