Tomorrow Is Not Likely To Be Same For CBL & Associates Properties Inc. (CBL)


    Charles Schwab Investment Managem.. has recently announced that it has increased stake in CBL & Associates Properties Inc. (NYSE:CBL) by 91.30%. After grabbing 13.72 million shares, the institutional investor is now in possession of 6.55 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 7.15% having worth around $2.51 million. Moreover, Renaissance Technologies LLC increased its share by 1.68 million to have a control over 7.0 million shares. And Millennium Management LLC raised its holdings to 5.26 million shares by acquiring 5.28 million shares or 2.75% of the stake.

    CBL & Associates Properties Inc. (CBL) concluded trading on 08/26/20 at a closing price of $0.19, with 5.59 million shares of worth about $1.06 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -23.88% during that period and on Wednesday the price saw a loss of about -3.74%. Currently the company’s common shares owned by public are about 191.96M shares, out of which, 157.96M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the CBL stock and their offered price forecasts bring an average price target of $0.20. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $0.25 and could fall to a lowest price of $0.15. Analysts also issued an outlook of 4.20 for the CBL & Associates Properties Inc. stock for next 12 months. However, touching the estimated high of $0.25 would mean a gain of 24.0% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 38,157,990 shares in 31 of the transactions. In 14 selling transactions, insiders dumped 562,405 shares.

    Schwab Fundamental US Small Compa, Contrarius ICAV – Global Equity F, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in CBL & Associates Properties Inc. Schwab Fundamental US Small Compa is currently holding 7.99 million shares of worth totaling $1.46 million. The company recently came selling 4621.0 shares which brought its stake up to 4.16% of the company’s outstanding shares. Contrarius ICAV – Global Equity F bought 1.11 million shares, after which its hold over company’s outstanding shares expand to 4.15%, leaving 7.96 million shares with the mutual fund that have a worth of about $1.46 million. Vanguard Total Stock Market Index, after buying 4.48 million shares, have now control over 2.33% of the stake in the company. It holds 0.0 shares of worth $0.82 million.

    CBL & Associates Properties Inc. (NYSE: CBL) started trading at $0.19, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.19, or with a loss of -3.74%. Stock saw a price change of -23.88% in past 5 days and over the past one month there was a price change of -4.54%. Year-to-date (YTD), CBL shares are showing a performance of -82.36% which decreased to -78.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.14 but also hit the highest price of $1.78 during that period. While comparing its average daily trading volume of 19.87 million shares, we see that about 5.59 million changed hands on the day. The stock is currently trading -10.41% below its 20-day simple moving average (SMA20), while that difference is down -22.46% for SMA50 and it goes to -66.62% lower than SMA200.

    Charles Schwab Investment Managem.. acquired 13.72 million shares of CBL & Associates Properties Inc. having value of about $2.51 million. Data submitted at the U.S SEC by Charles Schwab Investment Managem.. revealed that the firm now holds 6.55 million shares in the company valued at close to $1244112.97, or have control over 91.30% stake in the company. CBL & Associates Properties Inc. (NYSE: CBL) currently have 191.96M outstanding shares and institutions hold larger chunk of about 38.60% of that. Holding of mutual funds in the company is about 20.50% while other institutional holders and individual stake holders have control over 21.54% and 16.95% of the stake respectively.

    The stock has a current market capitalization of $38.10M and its 3Y-monthly beta is at 2.61. It has posted earnings per share of -$1.56 in the same period. It has a debt-to-equity ratio of 5.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CBL, volatility over the week remained 10.10% while standing at 16.20% over the month.

    Analysts are in expectations that CBL & Associates Properties Inc. (CBL) stock would likely to be making an EPS of -$0.19 in the current quarter, while forecast for next quarter ESPS is -$0.16 and it is -$0.55 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.32 which is -$0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.80% while it is estimated to increase by 59.00% in next year. EPS is likely to grow at an annualized rate of 4.90% for next 5-years, compared to annual growth of -23.40% made by the stock over the past 5-years.

    Analysts at 5 brokerage firms have issued recommendations for the CBL & Associates Properties Inc. (CBL)’s stock and average of those rates the stock at a “Moderate Sell” and assign it a score of 4.20. Out of those 5 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on May 31, 2019 offering a Neutral rating for the stock and assigned a target price of to it. Coverage by JP Morgan stated CBL & Associates Properties Inc. (CBL) stock as an Underweight in their note to investors on December 19, 2018, suggesting a price target of for the stock. On December 21, 2017, Jefferies Downgrade their recommendations, while on December 20, 2017, Raymond James Downgrade their ratings for the stock with a price target of. Stock get a Sell rating from Citigroup on December 14, 2017.


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