A Reversal for Cbl & Assoc Properties Incorporated (NYSE:CBL) Is Not Near. The Stock Has Rise in Shorts

September 17, 2017 - By Kurt Siggers

 A Reversal for Cbl & Assoc Properties Incorporated (NYSE:CBL) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.50, from 1.37 in 2016Q3. It fall, as 35 investors sold CBL & Associates Properties, Inc. shares while 76 reduced holdings. 22 funds opened positions while 75 raised stakes. 157.32 million shares or 2.25% less from 160.94 million shares in 2016Q3 were reported.
Citigroup holds 0.01% or 661,743 shares in its portfolio. Barclays Public Limited Liability Company holds 22,692 shares. Mirador Limited Partnership reported 25,835 shares stake. Nomura Asset Management Company Ltd reported 0.03% in CBL & Associates Properties, Inc. (NYSE:CBL). Moreover, Piedmont Advsr Ltd Llc has 0% invested in CBL & Associates Properties, Inc. (NYSE:CBL). Balyasny Asset Mgmt Limited Liability Com holds 0.03% or 443,533 shares in its portfolio. Aperio Group Ltd Llc owns 85,072 shares. The Georgia-based Synovus Fincl Corporation has invested 0% in CBL & Associates Properties, Inc. (NYSE:CBL). Creative Planning accumulated 0% or 1,000 shares. Systematic Financial Lp has 0.6% invested in CBL & Associates Properties, Inc. (NYSE:CBL). Moreover, Putnam Invests Ltd Liability Company has 0.01% invested in CBL & Associates Properties, Inc. (NYSE:CBL). 23,234 were reported by Principal Financial. Baystate Wealth Mngmt owns 0% invested in CBL & Associates Properties, Inc. (NYSE:CBL) for 750 shares. Swiss Bank & Trust has 0.01% invested in CBL & Associates Properties, Inc. (NYSE:CBL). Rhumbline Advisers holds 226,825 shares or 0.01% of its portfolio.

Since May 17, 2017, it had 2 insider buys, and 0 selling transactions for $37,404 activity. Curry Jeffery V. had bought 2,400 shares worth $17,688.

The stock of Cbl & Assoc Properties Incorporated (NYSE:CBL) registered an increase of 3.9% in short interest. CBL’s total short interest was 43.89M shares in September as published by FINRA. Its up 3.9% from 42.24 million shares, reported previously. With 2.85M shares average volume, it will take short sellers 15 days to cover their CBL’s short positions. The short interest to Cbl & Assoc Properties Incorporated’s float is 26.3%.

The stock increased 0.23% or $0.02 on September 15, reaching $8.6. About 3.34M shares traded. CBL & Associates Properties, Inc. (NYSE:CBL) has declined 23.94% since September 17, 2016 and is downtrending. It has underperformed by 40.64% the S&P500.

CBL & Associates Properties, Inc. is a self-managed, self-administered, integrated real estate investment trust. The company has market cap of $1.47 billion. The Firm owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. It has a 14.64 P/E ratio. The Company’s divisions are Malls, Associated Centers, Community Centers and All Other.

CBL & Associates Properties, Inc. (NYSE:CBL) Ratings Coverage

Among 11 analysts covering CBL & Associates Properties (NYSE:CBL), 2 have Buy rating, 0 Sell and 9 Hold. Therefore 18% are positive. CBL & Associates Properties had 26 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, August 30. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, August 30. Jefferies maintained it with “Buy” rating and $13 target in Tuesday, May 23 report. The stock of CBL & Associates Properties, Inc. (NYSE:CBL) earned “Neutral” rating by Citigroup on Monday, January 30. IBC downgraded the shares of CBL in report on Tuesday, October 6 to “Sector Perform” rating. The firm earned “Neutral” rating on Thursday, June 2 by Goldman Sachs. Stifel Nicolaus maintained it with “Hold” rating and $8.25 target in Friday, July 14 report. The firm has “Neutral” rating by Citigroup given on Friday, August 5. The stock of CBL & Associates Properties, Inc. (NYSE:CBL) earned “Hold” rating by Barclays Capital on Friday, June 23. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, January 6 report.

More recent CBL & Associates Properties, Inc. (NYSE:CBL) news were published by: Prnewswire.com which released: “CBL & Associates Properties Sets Third Quarter Earnings Release and Conference …” on August 31, 2017. Also Seekingalpha.com published the news titled: “CBL (Re)Issues Bonds – My Thoughts” on September 01, 2017. Seekingalpha.com‘s news article titled: “CBL & Associates pays off two mortgages” with publication date: September 06, 2017 was also an interesting one.

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