As Penn Real Estate Invest Tst (PEI) Stock Declined, Holder Ubs Global Asset Management Americas Has Cut Position; As Sealed Air New (Put) (SEE) Share Price Declined, Shareholder Westchester Capital Management Has Lowered by $11.71 Million Its Stake

February 15, 2018 - By Louis Casey

Ubs Global Asset Management Americas Inc decreased its stake in Penn Real Estate Invest Tst (PEI) by 3.22% based on its latest 2017Q3 regulatory filing with the SEC. Ubs Global Asset Management Americas Inc sold 3,982 shares as the company’s stock declined 36.64% while stock markets rallied. The institutional investor held 119,781 shares of the real estate investment trusts company at the end of 2017Q3, valued at $1.26 billion, down from 123,763 at the end of the previous reported quarter. Ubs Global Asset Management Americas Inc who had been investing in Penn Real Estate Invest Tst for a number of months, seems to be less bullish one the $799.20 million market cap company. The stock increased 3.02% or $0.3 during the last trading session, reaching $10.22. About 409,529 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 47.73% since February 15, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.

Westchester Capital Management Llc decreased its stake in Sealed Air Corporation New (Put) (SEE) by 21.31% based on its latest 2017Q3 regulatory filing with the SEC. Westchester Capital Management Llc sold 278,900 shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 1.03M shares of the major chemicals company at the end of 2017Q3, valued at $43.99M, down from 1.31 million at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Sealed Air Corporation New (Put) for a number of months, seems to be less bullish one the $7.63 billion market cap company. The stock decreased 0.56% or $0.24 during the last trading session, reaching $42.27. About 546,671 shares traded. Sealed Air Corporation (NYSE:SEE) has declined 6.94% since February 15, 2017 and is downtrending. It has underperformed by 23.64% the S&P500.

Westchester Capital Management Llc, which manages about $5.44 billion and $3.17B US Long portfolio, upped its stake in Time Warner Inc. (NYSE:TWX) by 466,263 shares to 2.67M shares, valued at $273.69M in 2017Q3, according to the filing. It also increased its holding in C.R. Bard Inc. (NYSE:BCR) by 73,478 shares in the quarter, for a total of 575,106 shares, and has risen its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Among 15 analysts covering Sealed Air Corporation (NYSE:SEE), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Sealed Air Corporation had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 13. The rating was upgraded by Bank of America to “Buy” on Friday, February 19. The stock has “Buy” rating by UBS on Tuesday, August 23. The company was downgraded on Wednesday, January 31 by SunTrust. BMO Capital Markets maintained Sealed Air Corporation (NYSE:SEE) on Friday, June 9 with “Hold” rating. The stock of Sealed Air Corporation (NYSE:SEE) earned “Hold” rating by RBC Capital Markets on Monday, June 12. Bank of America maintained Sealed Air Corporation (NYSE:SEE) on Friday, October 13 with “Buy” rating. BMO Capital Markets maintained the shares of SEE in report on Thursday, January 25 with “Hold” rating. The firm earned “Buy” rating on Wednesday, July 13 by SunTrust. The rating was maintained by RBC Capital Markets on Monday, September 11 with “Hold”.

Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.10, from 1.43 in 2017Q2. It improved, as 18 investors sold PEI shares while 42 reduced holdings. 26 funds opened positions while 66 raised stakes. 68.13 million shares or 7.16% more from 63.58 million shares in 2017Q2 were reported. Arizona State Retirement System holds 0% or 36,213 shares in its portfolio. South Dakota Invest Council reported 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Brandywine Glob Invest Ltd Liability Co reported 0% stake. 28,300 were accumulated by Louisiana State Employees Retirement. Jpmorgan Chase & holds 990,903 shares or 0% of its portfolio. 69,866 were reported by Teachers Insur Annuity Association Of America. Cbre Clarion Securities Ltd Llc reported 807,448 shares. Bancorp Of Montreal Can owns 21,709 shares. First Interstate Savings Bank stated it has 300 shares or 0% of all its holdings. Group Inc One Trading Limited Partnership invested in 8,016 shares. Glenmede Trust Na has 3,539 shares. 38,861 were accumulated by Price T Rowe Assocs Md. 372,718 are owned by Waterfront Ltd Liability Corporation. Presima, Quebec – Canada-based fund reported 2.06 million shares. Bnp Paribas Asset Mngmt Sa has invested 0.24% in Pennsylvania Real Estate Investment Trust (NYSE:PEI).

Among 8 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 19 analyst reports since January 26, 2016 according to SRatingsIntel. The firm has “Hold” rating given on Friday, January 20 by SunTrust. Barclays Capital maintained the shares of PEI in report on Tuesday, August 15 with “Underweight” rating. The rating was maintained by Boenning & Scattergood on Friday, November 3 with “Hold”. Stifel Nicolaus maintained Pennsylvania Real Estate Investment Trust (NYSE:PEI) on Tuesday, October 10 with “Hold” rating. Suntrust Robinson downgraded Pennsylvania Real Estate Investment Trust (NYSE:PEI) on Friday, January 20 to “Hold” rating. The rating was maintained by Barclays Capital with “Underweight” on Monday, March 7. Barclays Capital downgraded Pennsylvania Real Estate Investment Trust (NYSE:PEI) rating on Tuesday, January 26. Barclays Capital has “Underperform” rating and $18 target. As per Monday, January 29, the company rating was maintained by Stifel Nicolaus. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Hold” rating given on Wednesday, September 6 by Boenning & Scattergood. On Friday, September 8 the stock rating was maintained by Stifel Nicolaus with “Hold”.

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By1 Louis Casey

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