Credit Suisse Ag Boosted Gildan Activewear (GIL) Position By $1.35 Million; Last Week PS Business Parks, Inc. (PSB) Coverage

April 17, 2018 - By Vivian Park

PS Business Parks, Inc. (NYSE:PSB) Logo

Among 4 analysts covering Ps Business Parks Inc. (NYSE:PSB), 0 have Buy rating, 3 Sell and 1 Hold. Therefore 0 are positive. Ps Business Parks Inc. had 9 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Thursday, December 17. The rating was maintained by JP Morgan on Wednesday, February 14 with “Underweight”. On Friday, December 15 the stock rating was downgraded by J.P. Morgan to “Sell”. The firm has “Hold” rating given on Monday, October 23 by KeyBanc Capital Markets. Citigroup downgraded PS Business Parks, Inc. (NYSE:PSB) on Tuesday, December 13 to “Sell” rating. As per Friday, September 22, the company rating was maintained by KeyBanc Capital Markets. JP Morgan downgraded the stock to “Underweight” rating in Friday, December 15 report. See PS Business Parks, Inc. (NYSE:PSB) latest ratings:

14/02/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $135 New Target: $123 Maintain
15/12/2017 Broker: J.P. Morgan Rating: Sell New Target: $135.0 Downgrade
15/12/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
23/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

Credit Suisse Ag increased Gildan Activewear Inc (GIL) stake by 15.71% reported in 2017Q4 SEC filing. Credit Suisse Ag acquired 42,160 shares as Gildan Activewear Inc (GIL)’s stock declined 12.68%. The Credit Suisse Ag holds 310,514 shares with $10.03M value, up from 268,354 last quarter. Gildan Activewear Inc now has $6.19 billion valuation. The stock increased 0.58% or $0.17 during the last trading session, reaching $29.72. About 198,511 shares traded. Gildan Activewear Inc. (NYSE:GIL) has risen 7.13% since April 17, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Since December 15, 2017, it had 0 insider buys, and 2 insider sales for $672,785 activity. RUSSELL JOSEPH D JR sold $102,812 worth of stock. Petersen John W also sold $569,973 worth of PS Business Parks, Inc. (NYSE:PSB) on Tuesday, March 6.

PS Business Parks, Inc. is a real estate investment trust. The company has market cap of $4.05 billion. The firm invests in real estate markets of the United States. It has a 35.49 P/E ratio. It owns, operates, acquires and develops commercial properties primarily multi-tenant flex, office and industrial space.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.32, from 1.39 in 2017Q3. It is negative, as 17 investors sold PS Business Parks, Inc. shares while 67 reduced holdings. 27 funds opened positions while 63 raised stakes. 19.11 million shares or 1.73% less from 19.45 million shares in 2017Q3 were reported. The New Jersey-based Bessemer Gp has invested 0.01% in PS Business Parks, Inc. (NYSE:PSB). Louisiana State Employees Retirement has 0.05% invested in PS Business Parks, Inc. (NYSE:PSB) for 8,600 shares. California Public Employees Retirement Systems invested in 0.01% or 69,132 shares. Schroder Management Group Incorporated reported 5,008 shares or 0% of all its holdings. Netherlands-based Kempen Capital Nv has invested 0.09% in PS Business Parks, Inc. (NYSE:PSB). Citadel Limited Liability holds 0% of its portfolio in PS Business Parks, Inc. (NYSE:PSB) for 6,200 shares. Echo Street Cap Ltd Limited Liability Company has 85,495 shares for 0.32% of their portfolio. International Gp Inc holds 0.01% or 15,737 shares in its portfolio. Vanguard Gp owns 0.02% invested in PS Business Parks, Inc. (NYSE:PSB) for 3.40 million shares. Cubist Systematic Strategies Limited Liability Corporation has 0.01% invested in PS Business Parks, Inc. (NYSE:PSB). Tudor Corp Et Al holds 0.01% or 3,993 shares. Martingale Asset Management Limited Partnership owns 43,617 shares or 0.07% of their US portfolio. Cibc Asset Mngmt Incorporated accumulated 1,660 shares or 0% of the stock. Moreover, Jacobs Levy Equity Management has 0.02% invested in PS Business Parks, Inc. (NYSE:PSB). Rothschild Asset holds 0.31% or 238,444 shares in its portfolio.

The stock increased 1.95% or $2.24 during the last trading session, reaching $117.11. About 61,738 shares traded. PS Business Parks, Inc. (NYSE:PSB) has declined 0.20% since April 17, 2017 and is downtrending. It has underperformed by 11.75% the S&P500.

Credit Suisse Ag decreased Integrated Device Technology (Prn) stake by 2.30M shares to 550,000 valued at $614,000 in 2017Q4. It also reduced Camping World Hldgs Inc stake by 131,143 shares and now owns 83,824 shares. Sprint Corp (NYSE:S) was reduced too.

Among 14 analysts covering Gildan Activewear Inc. (NYSE:GIL), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Gildan Activewear Inc. had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Tuesday, July 11. The rating was upgraded by Credit Suisse on Friday, October 16 to “Outperform”. The stock of Gildan Activewear Inc. (NYSE:GIL) has “Buy” rating given on Friday, October 20 by BMO Capital Markets. The stock of Gildan Activewear Inc. (NYSE:GIL) earned “Buy” rating by Goldman Sachs on Friday, December 8. The firm has “Outperform” rating given on Tuesday, August 4 by Scotia Capital. The firm has “Hold” rating by Zacks given on Monday, August 31. The firm has “Buy” rating by GMP Securities given on Friday, August 4. On Thursday, August 3 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm has “Hold” rating given on Friday, November 3 by RBC Capital Markets. The stock of Gildan Activewear Inc. (NYSE:GIL) earned “Buy” rating by RBC Capital Markets on Monday, June 19.

PS Business Parks, Inc. (NYSE:PSB) Institutional Positions Chart

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