Presima Has Upped By $21.29 Million Its Simon Ppty Group New (SPG) Stake; Xerium Tech (XRM) Shorts Decreased By 36.2%

February 15, 2018 - By Nellie Frank

Presima Inc increased Simon Ppty Group Inc New (SPG) stake by 35.58% reported in 2017Q3 SEC filing. Presima Inc acquired 132,215 shares as Simon Ppty Group Inc New (SPG)’s stock declined 12.82%. The Presima Inc holds 503,800 shares with $81.12M value, up from 371,585 last quarter. Simon Ppty Group Inc New now has $55.79 billion valuation. The stock increased 1.12% or $1.72 during the last trading session, reaching $155.81. About 967,881 shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since February 15, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Xerium Tech Incorporated (NYSE:XRM) had a decrease of 36.2% in short interest. XRM’s SI was 92,700 shares in February as released by FINRA. Its down 36.2% from 145,300 shares previously. With 125,400 avg volume, 1 days are for Xerium Tech Incorporated (NYSE:XRM)’s short sellers to cover XRM’s short positions. The SI to Xerium Tech Incorporated’s float is 0.94%. The stock increased 4.71% or $0.26 during the last trading session, reaching $5.66. About 96,657 shares traded or 22.44% up from the average. Xerium Technologies, Inc. (NYSE:XRM) has risen 21.00% since February 15, 2017 and is uptrending. It has outperformed by 4.30% the S&P500.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.40, from 0.81 in 2017Q2. It is positive, as 3 investors sold Xerium Technologies, Inc. shares while 16 reduced holdings. 12 funds opened positions while 11 raised stakes. 10.10 million shares or 3.33% less from 10.45 million shares in 2017Q2 were reported. Rutabaga Ltd Liability Com Ma accumulated 967,208 shares or 0.99% of the stock. Robotti Robert reported 304,109 shares. Jpmorgan Chase And invested in 41,864 shares or 0% of the stock. Moab Cap Prns Ltd Limited Liability Company reported 0.42% in Xerium Technologies, Inc. (NYSE:XRM). 6 are owned by Royal National Bank & Trust Of Canada. Deutsche National Bank Ag stated it has 0% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM). Archer Limited Partnership reported 0.05% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM). 11,678 were reported by Jacobs Levy Equity Management Incorporated. Northern Tru Corp reported 23,280 shares stake. Macquarie Gru Limited has invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Pinnacle Holdings Limited Company stated it has 48,347 shares or 0.09% of all its holdings. State Street owns 10,497 shares. Barclays Public Limited Liability Corporation invested in 63 shares or 0% of the stock. Redwood Cap Management Limited, New Jersey-based fund reported 132,423 shares. Buckhead Cap Llc stated it has 137,490 shares or 0.14% of all its holdings.

Xerium Technologies, Inc. manufactures and supplies consumable products primarily used in the production of paper. The company has market cap of $92.72 million. The firm operates through two divisions, Machine Clothing and Roll Covers. It currently has negative earnings. The Machine Clothing segment provides various types of industrial textiles used on paper-making machines and other industrial applications.

Since September 1, 2017, it had 0 insider purchases, and 1 sale for $24,160 activity. 4,000 shares were sold by Gurandiano Jay J, worth $24,160 on Friday, September 1.

Among 19 analysts covering Simon Property Group (NYSE:SPG), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Simon Property Group had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Jefferies on Monday, July 24. Barclays Capital maintained Simon Property Group, Inc. (NYSE:SPG) on Tuesday, July 19 with “Overweight” rating. The firm has “Buy” rating by Boenning & Scattergood given on Monday, October 30. Evercore upgraded the shares of SPG in report on Monday, March 7 to “Buy” rating. Citigroup maintained it with “Buy” rating and $235 target in Friday, April 1 report. The rating was initiated by BMO Capital Markets with “Buy” on Monday, September 11. The stock has “Hold” rating by SunTrust on Friday, January 20. On Tuesday, October 31 the stock rating was maintained by Argus Research with “Buy”. On Monday, November 16 the stock rating was downgraded by Evercore to “Hold”. The firm has “Buy” rating by Jefferies given on Friday, October 27.

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