As Macerich Co (Call) (MAC) Valuation Declined, Holder Apollo Management Holdings LP Lifted Stake

March 14, 2018 - By Marguerite Chambers

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.17, from 0.78 in 2017Q2. It improved, as 19 investors sold MAC shares while 114 reduced holdings. 39 funds opened positions while 87 raised stakes. 134.98 million shares or 0.62% more from 134.15 million shares in 2017Q2 were reported. accumulated 0.01% or 300 shares. Sumitomo Mitsui Trust reported 417,695 shares. Fmr Ltd accumulated 0.01% or 1.88 million shares. Kamunting Street Mngmt Limited Partnership has invested 1.39% in Macerich Company (NYSE:MAC). Profund Ltd reported 0.02% in Macerich Company (NYSE:MAC). Eii Mngmt, New York-based fund reported 51,714 shares. Ameritas Investment invested in 0.01% or 2,884 shares. Proshare Advsrs Limited reported 39,434 shares stake. Guggenheim Cap Limited Liability Corporation holds 0.07% of its portfolio in Macerich Company (NYSE:MAC) for 536,212 shares. 83,197 were accumulated by Inv House Limited Liability. Guardian Life Of America reported 246 shares. Amer Registered Inv Advisor holds 6,790 shares. Paloma Prns, Connecticut-based fund reported 35,604 shares. Cornerstone holds 51 shares or 0% of its portfolio. State Of Tennessee Treasury Department has invested 0.01% of its portfolio in Macerich Company (NYSE:MAC).

Apollo Management Holdings Lp increased its stake in Macerich Co (Call) (MAC) by 186.53% based on its latest 2017Q3 regulatory filing with the SEC. Apollo Management Holdings Lp bought 97,650 shares as the company’s stock declined 10.63% while stock markets rallied. The institutional investor held 150,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $8.25M, up from 52,350 at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Macerich Co (Call) for a number of months, seems to be bullish on the $8.94 billion market cap company. The stock increased 0.42% or $0.25 during the last trading session, reaching $59.14. About 726,969 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since March 14, 2017 and is downtrending. It has underperformed by 35.32% the S&P500.

Apollo Management Holdings Lp, which manages about $6.64B US Long portfolio, decreased its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 956,860 shares to 46,440 shares, valued at $1.49 million in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 48,000 shares in the quarter, leaving it with 1.27 million shares, and cut its stake in Tesla Inc (Put) (NASDAQ:TSLA).

More notable recent Macerich Company (NYSE:MAC) news were published by: which released: “Hudson Pacific Properties, Macerich to Redevelop Westside Pavilion” on March 05, 2018, also with their article: “Form 4 MACERICH CO For: Mar 07 Filed by: COPPOLA EDWARD C” published on March 09, 2018, published: “Macerich Co (MAC) Files 10-K for the Fiscal Year Ended on December 31, 2017” on February 23, 2018. More interesting news about Macerich Company (NYSE:MAC) were released by: and their article: “Form 4 MACERICH CO For: Mar 02 Filed by: Stephen Andrea M” published on March 07, 2018 as well as‘s news article titled: “Pre-Market Technical Scan on REIT Equities — Kite Realty Group Trust …” with publication date: March 13, 2018.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 23 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. The Macerich Company had 59 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse reinitiated it with “Underperform” rating and $76 target in Wednesday, March 16 report. The rating was downgraded by Bank of America to “Neutral” on Monday, March 28. Boenning & Scattergood maintained Macerich Company (NYSE:MAC) rating on Wednesday, February 7. Boenning & Scattergood has “Buy” rating and $75.0 target. Canaccord Genuity initiated the shares of MAC in report on Wednesday, July 22 with “Hold” rating. Jefferies maintained Macerich Company (NYSE:MAC) rating on Monday, July 17. Jefferies has “Hold” rating and $5700 target. As per Wednesday, April 6, the company rating was downgraded by Boenning & Scattergood. The stock of Macerich Company (NYSE:MAC) earned “Buy” rating by Zacks on Thursday, September 17. The firm has “Hold” rating given on Monday, July 18 by Deutsche Bank. The rating was maintained by Boenning & Scattergood on Friday, August 4 with “Hold”. The rating was downgraded by RBC Capital Markets on Wednesday, January 3 to “Sector Perform”.

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