What’s Ahead for Macerich Company (NYSE:MAC) After Less Shorted Shares?

February 15, 2018 - By Darrin Black

 What’s Ahead for Macerich Company (NYSE:MAC) After Less Shorted Shares?

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.17, from 0.78 in 2017Q2. It is positive, as 19 investors sold Macerich Company shares while 114 reduced holdings. 39 funds opened positions while 87 raised stakes. 134.98 million shares or 0.62% more from 134.15 million shares in 2017Q2 were reported.
Price Michael F invested 0.38% in Macerich Company (NYSE:MAC). Jacobs Levy Equity Management stated it has 0.03% in Macerich Company (NYSE:MAC). Credit Agricole S A reported 112,351 shares. Pictet Asset Management Ltd has invested 0.01% in Macerich Company (NYSE:MAC). Virginia Retirement Systems Et Al, Virginia-based fund reported 5,743 shares. Paloma Prns Management reported 35,604 shares. 19,885 were accumulated by Exxonmobil Mngmt Tx. Commonwealth Savings Bank Of Aus invested in 115 shares or 0% of the stock. Fil owns 0.02% invested in Macerich Company (NYSE:MAC) for 122,664 shares. Ameritas Invest Prns reported 2,884 shares. Nomura Asset Mgmt Limited stated it has 80,896 shares or 0.06% of all its holdings. Peak6 Invs Ltd Partnership owns 4,702 shares. Teachers Retirement System Of The State Of Kentucky holds 13,870 shares. Moreover, Forward Management Limited Liability Corp has 0.14% invested in Macerich Company (NYSE:MAC) for 22,000 shares. Proshare Advsr Ltd Liability Co has invested 0.02% in Macerich Company (NYSE:MAC).

The stock of Macerich Company (NYSE:MAC) registered a decrease of 5.81% in short interest. MAC’s total short interest was 12.37M shares in February as published by FINRA. Its down 5.81% from 13.13M shares, reported previously. With 1.74 million shares average volume, it will take short sellers 7 days to cover their MAC’s short positions.

The stock decreased 1.40% or $0.86 during the last trading session, reaching $60.7. About 817,616 shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since February 15, 2017 and is downtrending. It has underperformed by 35.32% the S&P500.

The Macerich Company is an independent real estate investment trust. The company has market cap of $9.17 billion. The firm invests in the real estate markets of the United States. It has a 59.51 P/E ratio. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.

Macerich Company (NYSE:MAC) Ratings Coverage

Among 23 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. The Macerich Company had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Macerich Company (NYSE:MAC) earned “Hold” rating by Jefferies on Wednesday, August 31. The firm earned “Hold” rating on Monday, July 18 by Deutsche Bank. The firm has “Buy” rating by BTIG Research given on Thursday, August 25. As per Tuesday, January 30, the company rating was maintained by Barclays Capital. The rating was maintained by Jefferies on Monday, September 25 with “Hold”. The firm has “Sell” rating by Goldman Sachs given on Friday, March 17. The firm earned “Hold” rating on Tuesday, September 8 by Evercore. The stock of Macerich Company (NYSE:MAC) has “Hold” rating given on Friday, August 4 by Boenning & Scattergood. Sandler O’Neill maintained the shares of MAC in report on Thursday, February 1 with “Hold” rating. The stock of Macerich Company (NYSE:MAC) has “Overweight” rating given on Tuesday, September 26 by JP Morgan.

More notable recent Macerich Company (NYSE:MAC) news were published by: Bizjournals.com which released: “Sales are up at many of Phoenix’s major malls” on February 07, 2018, also Therealdeal.com with their article: “Hudson Pacific Properties in advanced talks to buy Westside Pavilion: sources” published on February 06, 2018, Seekingalpha.com published: “Macerich’s (MAC) CEO Arthur Coppola on Q4 2017 Results – Earnings Call Transcript” on February 06, 2018. More interesting news about Macerich Company (NYSE:MAC) were released by: Gurufocus.com and their article: “Cbre Clarion Securities Llc Buys Macerich Co, Taubman Centers Inc, Invitation …” published on February 13, 2018 as well as Nasdaq.com‘s news article titled: “Macerich Co. Q4 Profit Retreats” with publication date: February 05, 2018.

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