King Street Capital Management LP Maintains Position in Pennsylvania Rl Estate Invt (PEI); As Pretium Res (PVG) Stock Price Declined, U S Global Investors Boosted Position

February 20, 2018 - By Darrin Black

U S Global Investors Inc increased its stake in Pretium Res Inc (PVG) by 200% based on its latest 2017Q3 regulatory filing with the SEC. U S Global Investors Inc bought 200,000 shares as the company’s stock declined 19.63% while stock markets rallied. The institutional investor held 300,000 shares of the basic industries company at the end of 2017Q3, valued at $2.78 million, up from 100,000 at the end of the previous reported quarter. U S Global Investors Inc who had been investing in Pretium Res Inc for a number of months, seems to be bullish on the $1.26 billion market cap company. The stock decreased 1.83% or $0.13 during the last trading session, reaching $6.99. About 1.68M shares traded. Pretium Resources Inc. (NYSE:PVG) has risen 14.20% since February 20, 2017 and is uptrending. It has underperformed by 2.50% the S&P500.

Brian J. Higgins increased its stake in Pennsylvania Rl Estate Invt (PEI) by 240% based on its latest 2017Q3 regulatory filing with the SEC. King Street Capital Management Lp bought 1.20 million shares as the company’s stock declined 36.64% while stock markets rallied. The hedge fund run by Brian J. Higgins held 1.70M shares of the real estate investment trusts company at the end of 2017Q3, valued at $17.83 million, up from 500,000 at the end of the previous reported quarter. King Street Capital Management Lp who had been investing in Pennsylvania Rl Estate Invt for a number of months, seems to be bullish on the $826.56 million market cap company. The stock increased 0.38% or $0.04 during the last trading session, reaching $10.51. About 910,758 shares traded. Pennsylvania Real Estate Investment Trust (NYSE:PEI) has declined 47.73% since February 20, 2017 and is downtrending. It has underperformed by 64.43% the S&P500.

Investors sentiment increased to 1.74 in Q3 2017. Its up 0.50, from 1.24 in 2017Q2. It improved, as 13 investors sold PVG shares while 21 reduced holdings. 14 funds opened positions while 45 raised stakes. 87.11 million shares or 11.66% more from 78.01 million shares in 2017Q2 were reported. Savings Bank Of Nova Scotia invested in 23,560 shares. Fmr Limited Liability Co reported 1.98 million shares. Moreover, Cibc Asset Mgmt has 0.01% invested in Pretium Resources Inc. (NYSE:PVG). Texas-based United Svcs Automobile Association has invested 0.04% in Pretium Resources Inc. (NYSE:PVG). Profund Advsr Lc owns 20,737 shares for 0.01% of their portfolio. Anchor Bolt Capital Lp has 1.62% invested in Pretium Resources Inc. (NYSE:PVG). Northwestern Mutual Wealth reported 125 shares. Corecommodity Management Lc, Connecticut-based fund reported 15,753 shares. Manufacturers Life The has 0% invested in Pretium Resources Inc. (NYSE:PVG) for 126,738 shares. U S Glob Investors has invested 1.02% in Pretium Resources Inc. (NYSE:PVG). Swiss Financial Bank owns 259,948 shares. The Ontario – Canada-based Bancorp Of Montreal Can has invested 0.06% in Pretium Resources Inc. (NYSE:PVG). Barclays Public Ltd holds 0% or 701 shares in its portfolio. Howe & Rusling stated it has 200 shares. Deutsche Retail Bank Ag reported 0% stake.

Among 5 analysts covering Pretium Resources (NYSE:PVG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Pretium Resources had 18 analyst reports since August 24, 2015 according to SRatingsIntel. Roth Capital maintained Pretium Resources Inc. (NYSE:PVG) on Friday, August 18 with “Buy” rating. The stock of Pretium Resources Inc. (NYSE:PVG) earned “Hold” rating by Zacks on Thursday, August 20. The firm earned “Buy” rating on Wednesday, January 24 by H.C. Wainwright. The stock has “Neutral” rating by Credit Suisse on Wednesday, January 24. RBC Capital Markets maintained Pretium Resources Inc. (NYSE:PVG) rating on Monday, August 24. RBC Capital Markets has “Sector Perform” rating and $10 target. The company was maintained on Thursday, September 17 by H.C. Wainwright. The firm has “Speculative Buy” rating given on Monday, August 24 by Canaccord Genuity. The company was maintained on Monday, November 13 by Roth Capital. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, March 8. The rating was maintained by Roth Capital with “Buy” on Thursday, September 17.

U S Global Investors Inc, which manages about $845.00 million and $272.08M US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 4,286 shares to 13,868 shares, valued at $3.53 million in 2017Q3, according to the filing. It also reduced its holding in Textron Inc (NYSE:TXT) by 11,533 shares in the quarter, leaving it with 65,605 shares, and cut its stake in Rayonier Advanced Matls Inc (NYSE:RYAM).

Among 8 analysts covering Pennslyvania Real Estate Investment Trust (NYSE:PEI), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Pennslyvania Real Estate Investment Trust had 21 analyst reports since January 26, 2016 according to SRatingsIntel. The firm earned “Underweight” rating on Tuesday, August 15 by Barclays Capital. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) has “Hold” rating given on Wednesday, September 6 by Boenning & Scattergood. The firm earned “Hold” rating on Friday, January 20 by Suntrust Robinson. Boenning & Scattergood maintained the stock with “Hold” rating in Friday, February 16 report. The stock has “Hold” rating by Boenning & Scattergood on Friday, November 3. The firm has “Hold” rating given on Friday, January 20 by SunTrust. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, January 29. Stifel Nicolaus maintained the shares of PEI in report on Friday, September 8 with “Hold” rating. The stock of Pennsylvania Real Estate Investment Trust (NYSE:PEI) earned “Underweight” rating by Barclays Capital on Monday, March 7. The rating was maintained by Citigroup on Friday, November 10 with “Neutral”.

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.10, from 1.43 in 2017Q2. It increased, as 18 investors sold PEI shares while 42 reduced holdings. 26 funds opened positions while 66 raised stakes. 68.13 million shares or 7.16% more from 63.58 million shares in 2017Q2 were reported. Quantitative Systematic Strategies Llc accumulated 0.44% or 159,234 shares. Swiss Fincl Bank holds 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 114,900 shares. Smithfield has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Employees Retirement Systems Of Ohio accumulated 0% or 86,639 shares. Credit Suisse Ag invested in 193,654 shares or 0% of the stock. Citigroup Incorporated has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Orinda Asset Mngmt Ltd has invested 0.07% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Profund Ltd Com holds 11,144 shares. Pennsylvania-based Susquehanna Group Llp has invested 0% in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Mutual Of America Capital Mngmt Ltd owns 221,580 shares. Stephens Ar stated it has 126,957 shares or 0.05% of all its holdings. Public Sector Pension Inv Board holds 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI) for 44,110 shares. Piedmont Investment Advisors Limited Liability Company invested 0% of its portfolio in Pennsylvania Real Estate Investment Trust (NYSE:PEI). Huntington State Bank has 1,299 shares. Waterfront Partners Ltd Liability Corporation reported 372,718 shares.

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