Aew Capital Management LP Has Lowered Its Stake in Taubman Centers (TCO) by $5.87 Million; Raytheon Company (RTN) Holding Has Lifted by Bartlett & Co

November 15, 2017 - By Marie Mckinney

Jeffrey Furber decreased its stake in Taubman Centers Inc (TCO) by 7.78% based on its latest 2017Q2 regulatory filing with the SEC. Aew Capital Management LP sold 99,563 shares as the company’s stock declined 11.85% while stock markets rallied. The hedge fund run by Jeffrey Furber held 1.18M shares of the consumer services company at the end of 2017Q2, valued at $70.23 million, down from 1.28 million at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Taubman Centers Inc for a number of months, seems to be less bullish one the $3.42B market cap company. It closed at $56.37 lastly. It is down 13.21% since November 15, 2016 and is downtrending. It has underperformed by 29.91% the S&P500.

Bartlett & Co increased its stake in Raytheon Company (RTN) by 21.31% based on its latest 2017Q2 regulatory filing with the SEC. Bartlett & Co bought 2,000 shares as the company’s stock rose 4.85% with the market. The institutional investor held 11,385 shares of the industrial machinery and components company at the end of 2017Q2, valued at $1.84M, up from 9,385 at the end of the previous reported quarter. Bartlett & Co who had been investing in Raytheon Company for a number of months, seems to be bullish on the $53.17B market cap company. The stock declined 1.05% or $1.94 reaching $182 on the news. About 7,531 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since November 15, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.




Bartlett & Co, which manages about $3.31B and $2.22B US Long portfolio, decreased its stake in Wells Fargo & Co (NYSE:WFC) by 49,080 shares to 700,883 shares, valued at $38.84 million in 2017Q2, according to the filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 3,061 shares in the quarter, leaving it with 396,022 shares, and cut its stake in Mastercard Inc (NYSE:MA).

More notable recent Raytheon Company (NYSE:RTN) news were published by: Bloomberg.com which released: “Delays to Raytheon’s Smart Bomb May Extract a Cost for the Company” on October 18, 2017, also Reuters.com with their article: “UAE announces $684 million Raytheon laser guided bomb kit order” published on November 14, 2017, Marketwatch.com published: “Defense contractor Raytheon Co. beats third-quarter profit, revenue falls short” on October 26, 2017. More interesting news about Raytheon Company (NYSE:RTN) were released by: Areadevelopment.com and their article: “Raytheon Company Expands Production Facility in Albuquerque, New Mexico” published on October 17, 2017 as well as Seekingalpha.com‘s news article titled: “Raytheon: Reliable Returns And Future Potential” with publication date: November 08, 2017.

Since May 30, 2017, it had 0 insider purchases, and 5 insider sales for $3.07 million activity. Wood Michael J also sold $235,017 worth of Raytheon Company (NYSE:RTN) on Monday, June 5. Shares for $446,577 were sold by Lawrence Taylor W. Kremer Wesley D sold $164,731 worth of Raytheon Company (NYSE:RTN) on Tuesday, May 30. $1.73 million worth of stock was sold by Kennedy Thomas A on Monday, June 5.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.15, from 1.27 in 2017Q1. It fall, as 43 investors sold RTN shares while 348 reduced holdings. 93 funds opened positions while 346 raised stakes. 208.75 million shares or 1.40% less from 211.71 million shares in 2017Q1 were reported. Fincl Bank, a Texas-based fund reported 162 shares. Cibc Markets Corporation invested in 41,126 shares or 0.07% of the stock. Manufacturers Life Ins Co The reported 0.07% of its portfolio in Raytheon Company (NYSE:RTN). 1,250 are held by Hamel Assoc Incorporated. Canada Pension Plan Board, Ontario – Canada-based fund reported 156,200 shares. The Texas-based Shamrock Asset Mgmt Ltd Liability Com has invested 0.6% in Raytheon Company (NYSE:RTN). 3,431 are held by Koshinski Asset Management Inc. The Florida-based Raymond James Advsrs Incorporated has invested 0.05% in Raytheon Company (NYSE:RTN). Segall Bryant & Hamill Limited Liability reported 0.69% in Raytheon Company (NYSE:RTN). Compton Mgmt Inc Ri holds 0.32% or 4,339 shares in its portfolio. Natl Bank Of Ny Mellon has 4.14 million shares for 0.19% of their portfolio. Next Gp has invested 0% in Raytheon Company (NYSE:RTN). Woodstock reported 24,668 shares. 77,395 are owned by Dowling And Yahnke Limited Co. North American Management Corp accumulated 0.91% or 35,037 shares.

Among 20 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 2 Hold. Therefore 85% are positive. Raytheon Company had 64 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, August 8, the company rating was initiated by Morgan Stanley. Jefferies maintained the shares of RTN in report on Friday, September 29 with “Buy” rating. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Friday, June 2 with “Buy” rating. The stock of Raytheon Company (NYSE:RTN) earned “Hold” rating by Deutsche Bank on Monday, December 5. The stock has “Buy” rating by Deutsche Bank on Friday, September 29. The stock of Raytheon Company (NYSE:RTN) has “Hold” rating given on Friday, October 28 by Deutsche Bank. The stock of Raytheon Company (NYSE:RTN) earned “Top Pick” rating by RBC Capital Markets on Friday, January 29. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Tuesday, September 29 by UBS. The rating was maintained by Robert W. Baird on Monday, October 23 with “Buy”. The firm has “Buy” rating by Cowen & Co given on Thursday, July 27.

More notable recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Seekingalpha.com which released: “Get Some REIT Bling, For Nearly Nothing” on November 07, 2017, also Businesswire.com with their article: “Taubman Centers, Inc. Issues Third Quarter Results” published on November 01, 2017, Therealdeal.com published: “Landlord sues to force Saks Fifth Avenue to reopen in Puerto Rico” on November 11, 2017. More interesting news about Taubman Centers, Inc. (NYSE:TCO) were released by: Crainsdetroit.com and their article: “Elliott Management builds stake in Taubman Centers, urges changes” published on November 14, 2017 as well as Crainsdetroit.com‘s news article titled: “Taubman names new board members to replace Karmanos, Allison” with publication date: November 10, 2017.

Aew Capital Management L P, which manages about $25.93 billion and $4.10B US Long portfolio, upped its stake in Rlj Lodging Trust (NYSE:RLJ) by 111,800 shares to 2.30 million shares, valued at $45.72M in 2017Q2, according to the filing. It also increased its holding in Gramercy Property Trust by 1.94 million shares in the quarter, for a total of 5.49 million shares, and has risen its stake in Store Capital Corp (NYSE:STOR).

Among 17 analysts covering Taubman Centers Inc. (NYSE:TCO), 4 have Buy rating, 2 Sell and 11 Hold. Therefore 24% are positive. Taubman Centers Inc. had 29 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of TCO in report on Thursday, February 16 to “Equal-Weight” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, September 14. The stock has “Hold” rating by Jefferies on Monday, September 25. Oppenheimer upgraded Taubman Centers, Inc. (NYSE:TCO) rating on Monday, August 24. Oppenheimer has “Outperform” rating and $85 target. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Neutral” rating by JP Morgan on Tuesday, September 26. The stock has “Neutral” rating by BTIG Research on Thursday, August 25. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Overweight” rating by JP Morgan on Thursday, December 17. As per Wednesday, November 8, the company rating was downgraded by Mizuho. Boenning & Scattergood maintained the stock with “Hold” rating in Monday, July 31 report. As per Monday, September 18, the company rating was downgraded by Morgan Stanley.

Analysts await Taubman Centers, Inc. (NYSE:TCO) to report earnings on February, 8. They expect $0.99 EPS, down 1.98% or $0.02 from last year’s $1.01 per share. TCO’s profit will be $60.06M for 14.23 P/E if the $0.99 EPS becomes a reality. After $0.83 actual EPS reported by Taubman Centers, Inc. for the previous quarter, Wall Street now forecasts 19.28% EPS growth.

Investors sentiment decreased to 1.22 in Q2 2017. Its down 0.03, from 1.25 in 2017Q1. It turned negative, as 27 investors sold TCO shares while 63 reduced holdings. 28 funds opened positions while 82 raised stakes. 58.22 million shares or 0.66% less from 58.61 million shares in 2017Q1 were reported. Wells Fargo & Mn stated it has 68,666 shares or 0% of all its holdings. Alpine Woods Capital Invsts Limited Company reported 19,106 shares or 0.06% of all its holdings. Guggenheim Capital Limited Liability Corp reported 24,494 shares or 0% of all its holdings. Asset Mgmt One Company Limited holds 0.02% or 130,205 shares in its portfolio. Public Employees Retirement Systems Of Ohio invested in 0.03% or 95,722 shares. Texas Permanent School Fund reported 44,312 shares. Capstone Asset holds 7,046 shares. Mutual Of America Cap Ltd Liability Company owns 50,681 shares or 0.05% of their US portfolio. Pioneer Investment Mgmt Inc reported 50,100 shares or 0.01% of all its holdings. Baystate Wealth Mgmt Ltd Limited Liability Company owns 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 20 shares. Cornerstone Management Limited Liability Company holds 0.01% or 29,059 shares. Louisiana State Employees Retirement Sys owns 15,800 shares. Whittier has invested 0% in Taubman Centers, Inc. (NYSE:TCO). Aew Management Limited Partnership reported 1.18 million shares or 1.71% of all its holdings. Citigroup holds 2.15M shares or 0.12% of its portfolio.

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