Macerich Company (NYSE:MAC).
Alta Fundamental Advisers LLC increased its ownership in Macerich Company by 152,000 shares in a 13F filing with the SEC. Its investment stood at $20,710,000 an increase of $7,661,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (MAC). Dimensional Fund Advisors Lp added to its stake by buying 49,918 shares an increase of 2.5%. Dimensional Fund Advisors Lp now holds 2,047,155 shares worth $112,533,000. The total value of its holdings decreased 3.0%. As of quarter end Tredje Ap-fonden had bought a total of 3,740 shares growing its holdings by 86.4%. The value of the investment in MAC increased from $251,000 to $444,000 a change of $193,000 quarter to quarter.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired 8 shares growing its position 0.1%. The value of the total investment in Macerich Company went from $514,000 to $487,000 decreasing 5.3% for the reporting period.
November 2 investment analysts at Royal Bank Of Canada made no change to the company rating of “Buy” targeting a price of $66.00. Boenning Scattergood issued a report on MAC with a rating of “Buy” and projecting a price target of $75.00.
Equity analyst BMO Capital Markets updated its forecast on MAC stating a rating of “Hold” and price target of $55.00. On September 28 KeyCorp held the company rating at “Buy” with a current price target of $75.00.
September 26 investment analysts at Jefferies Group LLC kept the company rating at “Hold” projecting a price of $57.00.
The company is trading down since yesterday’s close of 171.34. Macerich Company currently has a P/E ratio of 18.42 and market cap is 868.67B. In the last earnings report the EPS was $9.19 with 5.13B shares currently outstanding.
Short traders are more bearish on Macerich Company lately as shown by the change in short interest. The company recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 0.71%. Short shares grew 72,381 over that timeframe. Days to cover increased from 7.0 to 10.0 and the percentage of shorted shares is 0.00% as of October 13.