Grs Advisors LLC Has Increased Taubman Ctrs INC (TCO) Stake by $4.71 Million

April 24, 2018 - By Clifton Ray

Taubman Centers, Inc. (NYSE:TCO) LogoInvestors sentiment increased to 1.28 in Q4 2017. Its up 0.06, from 1.22 in 2017Q3. It improved, as 30 investors sold TCO 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. Commonwealth Of Pennsylvania School Empls Retrmt Systems, a Pennsylvania-based fund reported 8,868 shares. Us Bancorp De owns 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 4,991 shares. Swiss State Bank reported 0.01% in Taubman Centers, Inc. (NYSE:TCO). Wells Fargo & Mn has 55,630 shares. Weaver C Barksdale And Assocs, Tennessee-based fund reported 52 shares. Franklin holds 69,738 shares or 0% of its portfolio. Fdx owns 0.01% invested in Taubman Centers, Inc. (NYSE:TCO) for 4,771 shares. State Board Of Administration Of Florida Retirement Sys accumulated 89,247 shares or 0.02% of the stock. Loeb Partners has invested 0.21% in Taubman Centers, Inc. (NYSE:TCO). Guggenheim Capital Limited Liability holds 0% or 9,614 shares in its portfolio. Lazard Asset Mngmt Limited Co accumulated 0% or 153 shares. Parametric Portfolio Associates Ltd Co holds 0.01% in Taubman Centers, Inc. (NYSE:TCO) or 140,981 shares. Gofen & Glossberg Lc Il accumulated 4,500 shares or 0.01% of the stock. Jpmorgan Chase And owns 599,984 shares or 0.01% of their US portfolio. Tiaa Cref Inv Ltd Liability has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO).

Since December 13, 2017, it had 1 buy, and 5 insider sales for $5.70 million activity. TAUBMAN ROBERT S had sold 58,000 shares worth $3.64M on Wednesday, December 13. Another trade for 385 shares valued at $22,892 was sold by Wolff David A.. $253,400 worth of Taubman Centers, Inc. (NYSE:TCO) was bought by Marakovits Cornelia Connelly. 35,000 shares were sold by TAUBMAN WILLIAM S, worth $2.19 million.

Grs Advisors Llc increased its stake in Taubman Ctrs Inc (TCO) by 56.97% based on its latest 2017Q4 regulatory filing with the SEC. Grs Advisors Llc bought 72,518 shares as the company’s stock declined 13.34% with the market. The institutional investor held 199,818 shares of the consumer services company at the end of 2017Q4, valued at $13.07M, up from 127,300 at the end of the previous reported quarter. Grs Advisors Llc who had been investing in Taubman Ctrs Inc for a number of months, seems to be bullish on the $4.63 billion market cap company. The stock decreased 2.02% or $1.11 during the last trading session, reaching $53.84. About 578,687 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 12.94% since April 24, 2017 and is downtrending. It has underperformed by 24.49% the S&P500.

Grs Advisors Llc, which manages about $172.97M US Long portfolio, decreased its stake in American Homes 4 Rent (NYSE:AMH) by 213,625 shares to 466,477 shares, valued at $10.19M in 2017Q4, according to the filing.

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 has $63.0 highest and $56.0 lowest target. $61’s average target is 13.30% above currents $53.84 stock price. Taubman Centers had 7 analyst reports since November 8, 2017 according to SRatingsIntel. The rating was downgraded by Mizuho on Wednesday, November 8 to “Neutral”. Jefferies maintained the shares of TCO in report on Friday, December 22 with “Hold” rating. Sandler O’Neill maintained the shares of TCO in report on Tuesday, February 13 with “Hold” rating. The company was maintained on Tuesday, January 9 by BMO Capital Markets. The company was upgraded on Wednesday, December 13 by BMO Capital Markets. On Tuesday, February 13 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Hold” rating by Mizuho on Friday, February 16.

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

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