Nuveen Asset Management Cut By $7.76 Million Its Tanger Factory Outlet Ctrs I (SKT) Holding; Profile of 3 Analysts Covering Biocept (BIOC)

October 13, 2017 - By Richard Conner

Nuveen Asset Management Llc decreased Tanger Factory Outlet Ctrs I (SKT) stake by 95.19% reported in 2017Q2 SEC filing. Nuveen Asset Management Llc sold 310,535 shares as Tanger Factory Outlet Ctrs I (SKT)’s stock declined 22.80%. The Nuveen Asset Management Llc holds 15,700 shares with $408,000 value, down from 326,235 last quarter. Tanger Factory Outlet Ctrs I now has $2.39B valuation. The stock increased 1.12% or $0.28 on October 13, reaching $25.22. About 606,100 shares traded. Tanger Factory Outlet Centers Inc. (NYSE:SKT) has declined 24.30% since October 13, 2016 and is downtrending. It has underperformed by 41.00% the S&P500.

Among 3 analysts covering Biocept Inc (NASDAQ:BIOC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Biocept Inc had 4 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was initiated by Roth Capital on Monday, June 6 with “Buy”. The rating was initiated by H.C. Wainwright on Wednesday, August 19 with “Buy”. See Biocept Inc (NASDAQ:BIOC) latest ratings:

13/08/2017 Broker: Roth Capital Rating: Buy New Target: $1.8000
02/06/2017 Broker: Chardan Capital Markets Rating: Buy New Target: $2.5 Initiates Coverage On

Since May 4, 2017, it had 0 buys, and 2 selling transactions for $1.16 million activity. 32,930 shares were sold by SCHUMAN ALLAN L, worth $939,032 on Thursday, May 4. On Monday, May 8 the insider Perry Chad sold $220,597.

Nuveen Asset Management Llc increased Exelon Corp (NYSE:EXC) stake by 740,671 shares to 768,207 valued at $27.71M in 2017Q2. It also upped Mindbody Inc stake by 17,915 shares and now owns 89,224 shares. Sanmina Corporation (NASDAQ:SANM) was raised too.

Among 10 analysts covering Tanger Factory Outlet Centers (NYSE:SKT), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. Tanger Factory Outlet Centers had 31 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, September 22 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Zacks downgraded the stock to “Hold” rating in Thursday, August 6 report. The rating was maintained by Jefferies with “Hold” on Monday, July 24. The firm has “Sell” rating given on Tuesday, August 11 by M Partners. Hilliard Lyons downgraded Tanger Factory Outlet Centers Inc. (NYSE:SKT) on Wednesday, July 6 to “Neutral” rating. The stock of Tanger Factory Outlet Centers Inc. (NYSE:SKT) has “Hold” rating given on Friday, June 16 by Jefferies. Boenning & Scattergood maintained the shares of SKT in report on Thursday, August 3 with “Sell” rating. The firm has “Buy” rating by Jefferies given on Wednesday, January 4. On Tuesday, August 18 the stock rating was downgraded by Zacks to “Buy”. Bank of America downgraded the stock to “Underperform” rating in Friday, June 23 report.

Analysts await Tanger Factory Outlet Centers Inc. (NYSE:SKT) to report earnings on October, 24. They expect $0.60 EPS, down 3.23% or $0.02 from last year’s $0.62 per share. SKT’s profit will be $56.86 million for 10.51 P/E if the $0.60 EPS becomes a reality. After $0.59 actual EPS reported by Tanger Factory Outlet Centers Inc. for the previous quarter, Wall Street now forecasts 1.69% EPS growth.

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.29, from 1.1 in 2017Q1. It increased, as 31 investors sold SKT shares while 73 reduced holdings. 53 funds opened positions while 92 raised stakes. 89.64 million shares or 1.53% more from 88.29 million shares in 2017Q1 were reported. First Trust Advsr Lp reported 0.01% stake. Prudential Finance Inc has 133,535 shares for 0.01% of their portfolio. Chilton Capital Management Limited Liability Company holds 0.56% in Tanger Factory Outlet Centers Inc. (NYSE:SKT) or 195,983 shares. Lpl Financial Ltd Liability Corp accumulated 27,800 shares or 0% of the stock. Eaton Vance holds 0% or 16,335 shares. Thrivent Fin For Lutherans reported 52,402 shares. State Street stated it has 11.30 million shares. Dean Capital Mgmt has invested 1.73% in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Gemmer Asset Mngmt Limited Liability Corp holds 0% or 150 shares in its portfolio. Diamond Hill Cap holds 0.07% of its portfolio in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 495,869 shares. Moreover, D E Shaw & has 0% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT). Capstone Asset Mngmt Co reported 10,446 shares or 0.01% of all its holdings. Texas Permanent School Fund reported 0.02% stake. Independent Port Consultants accumulated 995 shares. Louisiana State Employees Retirement System owns 0.03% invested in Tanger Factory Outlet Centers Inc. (NYSE:SKT) for 25,200 shares.

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