Highwoods Properties (HIW) At $50.20 Forms Top; York Capital Management Global Advisors Boosted American Cap LTD (ACAS) Stake

July 17, 2017 - By Michael Collier

Highwoods Properties Inc (HIW) formed multiple top with $53.21 target or 6.00% above today’s $50.20 share price. Highwoods Properties Inc (HIW) has $5.17B valuation. The stock increased 0.90% or $0.45 on July 14, reaching $50.2. About shares traded. Highwoods Properties Inc (NYSE:HIW) has risen 13.20% since July 17, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

York Capital Management Global Advisors Llc increased American Cap Ltd (ACAS) stake by 246.81% reported in 2016Q4 SEC filing. York Capital Management Global Advisors Llc acquired 2.99 million shares as American Cap Ltd (ACAS)’s stock 0.00%. The York Capital Management Global Advisors Llc holds 4.20 million shares with $75.35M value, up from 1.21 million last quarter. American Cap Ltd now has $3.90B valuation. It closed at $17.99 lastly. It is down 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.51 in 2016 Q4. Its up 0.37, from 1.14 in 2016Q3. It improved, as 18 investors sold Highwoods Properties Inc shares while 74 reduced holdings. 41 funds opened positions while 98 raised stakes. 98.74 million shares or 0.86% less from 99.59 million shares in 2016Q3 were reported. Nationwide Fund invested in 0.07% or 324,460 shares. Proshare Advsrs Ltd Limited Liability Company invested in 36,235 shares. Mason Street Advsr Limited Liability Company stated it has 46,772 shares or 0.06% of all its holdings. Blackrock Fund Advisors has invested 0.05% of its portfolio in Highwoods Properties Inc (NYSE:HIW). Japan-based Sumitomo Mitsui Tru Holdg Inc has invested 0.01% in Highwoods Properties Inc (NYSE:HIW). Kempen Nv holds 0.22% or 35,227 shares in its portfolio. Sei Invs invested in 97,375 shares or 0.02% of the stock. Nuveen Asset Mgmt Lc has 642,243 shares for 0.17% of their portfolio. Moreover, Globeflex Cap L P has 0.32% invested in Highwoods Properties Inc (NYSE:HIW) for 25,292 shares. Meeder Asset accumulated 18,623 shares or 0.09% of the stock. Geode Cap Management Ltd Com has 841,884 shares. Us Bank De accumulated 10,663 shares or 0% of the stock. Northern Trust Corp reported 1.44M shares stake. Moreover, Martingale Asset Mngmt L P has 0.08% invested in Highwoods Properties Inc (NYSE:HIW). Hm Payson And Company, Maine-based fund reported 20,550 shares.

Among 9 analysts covering Highwoods Properties (NYSE:HIW), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Highwoods Properties had 15 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Thursday, January 7 by Robert W. Baird. The firm earned “Equal Weight” rating on Thursday, August 20 by Capital One. As per Wednesday, September 9, the company rating was upgraded by Suntrust Robinson. The stock has “Neutral” rating by SunTrust on Thursday, March 17. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, July 5. Jefferies maintained it with “Hold” rating and $4900 target in Tuesday, May 30 report. The firm earned “Hold” rating on Friday, November 13 by BB&T Capital. Jefferies upgraded the stock to “Buy” rating in Monday, October 26 report. BTIG Research initiated the shares of HIW in report on Thursday, August 25 with “Neutral” rating. Zacks upgraded it to “Hold” rating and $47 target in Thursday, August 6 report.

Analysts await Highwoods Properties Inc (NYSE:HIW) to report earnings on July, 25 after the close. They expect $0.85 earnings per share, up 3.66% or $0.03 from last year’s $0.82 per share. HIW’s profit will be $87.54 million for 14.76 P/E if the $0.85 EPS becomes a reality. After $0.80 actual earnings per share reported by Highwoods Properties Inc for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Since March 1, 2017, it had 0 insider purchases, and 4 selling transactions for $2.93 million activity. $962,004 worth of Highwoods Properties Inc (NYSE:HIW) was sold by Miller Jeffrey Douglas. Klinck Theodore J sold $525,100 worth of stock or 10,000 shares. Mulhern Mark F sold $1.35M worth of Highwoods Properties Inc (NYSE:HIW) on Wednesday, March 1.

Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.10, from 0.78 in 2016Q3. It is positive, as 26 investors sold ACAS shares while 52 reduced holdings. 23 funds opened positions while 46 raised stakes. 128.94 million shares or 3.39% less from 133.47 million shares in 2016Q3 were reported. Muzinich Company has 1.12 million shares. Fmr Lc, a Massachusetts-based fund reported 1.32 million shares. Contravisory Investment Mngmt stated it has 283,420 shares. Camelot Portfolios Ltd Liability Corporation stated it has 2.71% of its portfolio in American Capital Ltd. (NASDAQ:ACAS). Moreover, Pacad Invest Limited has 0.02% invested in American Capital Ltd. (NASDAQ:ACAS) for 8,400 shares. Radcliffe Cap Mngmt LP owns 34,500 shares. Pyrrho Capital Lp holds 7.68% of its portfolio in American Capital Ltd. (NASDAQ:ACAS) for 285,000 shares. Ameriprise owns 89,035 shares. Barnett & Co holds 0.02% or 1,884 shares. Moreover, Guggenheim Capital Ltd Liability Corp has 0.01% invested in American Capital Ltd. (NASDAQ:ACAS) for 176,009 shares. Northwestern Mutual Wealth Mngmt Com stated it has 5,081 shares. Barclays Public Ltd Co invested in 0.14% or 7.17 million shares. Cowen has invested 1.72% in American Capital Ltd. (NASDAQ:ACAS). Westchester Management Ltd Liability Corp owns 7.10 million shares. Churchill Mgmt invested in 0.13% or 221,296 shares.

York Capital Management Global Advisors Llc decreased Dycom Inds Inc (NYSE:DY) stake by 22,061 shares to 956,335 valued at $76.78M in 2016Q4. It also reduced Apple Inc (NASDAQ:AAPL) stake by 203,657 shares and now owns 38,543 shares. St Jude Med Inc (NYSE:STJ) was reduced too.

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