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

April 16, 2018 - By Kurt Siggers

Taubman Centers, Inc. (NYSE:TCO) Logo

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.06, from 1.22 in 2017Q3. It is positive, 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.
Greenleaf Trust stated it has 0.01% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Mason Street Advisors Ltd Liability Corp has 0.05% invested in Taubman Centers, Inc. (NYSE:TCO) for 29,911 shares. Meeder Asset Management invested in 0% or 627 shares. Proshare Advsr Ltd Limited Liability Company invested in 21,275 shares or 0.01% of the stock. California Public Employees Retirement Sys holds 0.01% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 156,044 shares. Retirement Systems Of Alabama reported 178,906 shares. Tiaa Cref Mngmt owns 239,368 shares or 0.01% of their US portfolio. Dimensional Fund Advsr Limited Partnership invested in 0.03% or 950,678 shares. Virtus Inv Advisers reported 6,289 shares stake. Voya Inv Mngmt Lc accumulated 18,744 shares. 47,370 were reported by State Of Alaska Department Of Revenue. Alpine Woods Capital Investors Ltd Liability reported 15,297 shares stake. Neuberger Berman Grp Limited Liability Company invested in 207,511 shares. Franklin Resources reported 69,738 shares. Blackrock holds 6.66M shares or 0.02% of its portfolio.

Since December 13, 2017, it had 1 buying transaction, and 5 insider sales for $5.70 million activity. 58,000 shares were sold by TAUBMAN ROBERT S, worth $3.64 million on Wednesday, December 13. HATKOFF CRAIG M had sold 1,350 shares worth $79,137. Shares for $2.19 million were sold by TAUBMAN WILLIAM S. Another trade for 4,000 shares valued at $253,400 was made by Marakovits Cornelia Connelly on Friday, December 15.

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 stock of Taubman Centers, Inc. (NYSE:TCO) has “Hold” rating given on Tuesday, January 9 by BMO Capital Markets. On Tuesday, February 13 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, February 13. The rating was upgraded by BMO Capital Markets to “Market Perform” on Wednesday, December 13. The firm has “Hold” rating given on Friday, December 22 by Jefferies. The rating was downgraded by Mizuho to “Neutral” on Wednesday, November 8. The company was maintained on Friday, February 16 by Mizuho.

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

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