Bridgewater Associates LP Upped Tahoe Res (TAHO) Holding By $475,200; Public Storage (PSA) Sellers Increased By 2.31% Their Shorts

September 17, 2017 - By Nellie Frank

Public Storage (NYSE:PSA) had an increase of 2.31% in short interest. PSA’s SI was 8.44 million shares in September as released by FINRA. Its up 2.31% from 8.25M shares previously. With 747,600 avg volume, 11 days are for Public Storage (NYSE:PSA)’s short sellers to cover PSA’s short positions. The SI to Public Storage’s float is 5.68%. The stock increased 0.75% or $1.59 on September 15, reaching $214.15. About 1.03 million shares traded or 27.21% up from the average. Public Storage (NYSE:PSA) has declined 14.14% since September 17, 2016 and is downtrending. It has underperformed by 30.84% the S&P500.

Bridgewater Associates Lp increased Tahoe Res Inc (TAHO) stake by 19.53% reported in 2016Q4 SEC filing. Bridgewater Associates Lp acquired 52,800 shares as Tahoe Res Inc (TAHO)’s stock rose 6.76%. The Bridgewater Associates Lp holds 323,100 shares with $3.05M value, up from 270,300 last quarter. Tahoe Res Inc now has $1.73 billion valuation. The stock decreased 3.66% or $0.21 on September 15, reaching $5.52. About 6.00 million shares traded or 60.86% up from the average. Tahoe Resources Inc (NYSE:TAHO) has declined 23.51% since September 17, 2016 and is downtrending. It has underperformed by 40.21% the S&P500.

Among 16 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 3 Sell and 11 Hold. Therefore 13% are positive. Public Storage had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James on Friday, September 4 to “Outperform”. As per Wednesday, November 11, the company rating was maintained by Barclays Capital. The company was initiated on Thursday, June 23 by FBR Capital. Raymond James downgraded the shares of PSA in report on Thursday, January 7 to “Mkt Perform” rating. On Thursday, January 7 the stock rating was upgraded by Robert W. Baird to “Outperform”. Argus Research maintained Public Storage (NYSE:PSA) on Wednesday, September 9 with “Buy” rating. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, July 18. The firm has “Neutral” rating given on Thursday, July 20 by Bank of America. The stock of Public Storage (NYSE:PSA) earned “Equal-Weight” rating by Barclays Capital on Tuesday, January 26. The rating was maintained by Argus Research with “Buy” on Wednesday, January 27.

Public Storage is a real estate investment trust . The company has market cap of $37.26 billion. The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. It has a 30.54 P/E ratio. The Company’s divisions include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe.

Bridgewater Associates Lp decreased Alphabet Inc stake by 700 shares to 6,000 valued at $4.76 million in 2016Q4. It also reduced Eqt Corp (NYSE:EQT) stake by 10,700 shares and now owns 43,786 shares. Laboratory Corp Amer Hldgs (NYSE:LH) was reduced too.

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