Inside Stories

Recent Insider Trade: LEBOVITZ CHARLES B bought 621 Shares Of CBL Properties (CBL)

CBL Properties (NYSE:CBL) has seen its stock price gain 5.83, or -50.70%, so far in 2017. In the past 3-month period alone, shares of CBL have appreciated -2.73 – or -32.50%. The stock’s 52-week range is $5.46 to $12.35, and its 3-month range is $5.46 to $9.10.

The average Wall Street analyst rating for CBL Properties is Hold, according to the average of 11 analyst scores. Of those analysts, no rate stock as a Strong Buy, 6 rate it as Hold, and just 1 analyst rates it as a Moderate Sell.

Insider Trading Activity for CBL Properties

Examining insider trading at CBL Properties (NYSE:CBL) can provide us with excellent insight into how the company’s stock is performing. CBL Properties has had 3 insider trades in the last 3 months, including 3 open market buys and 0 sells. Of those insider trades, 1,526 shares of CBL Properties were purchased and 0 shares were sold. The total number of shares traded in the last 90-day period is 1,526.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 33 insider trades, including 30 open market buys and 3 sells. Of those transactions, there were 215,788 shares of CBL bought and 5,616 shares sold. The total number of shares traded in the last 12 months is 221,404.

The most recent open market insider trade was Buy of 2,688 shares on a day where the closing price was 7.34. The insider, REINSMIDT KATHRYN A., now holds 27,937 shares of CBL.

The most recent non open market insider trade was completed by LEBOVITZ CHARLES B on 10/16/2017, and was a acquisition of 621 shares with a final price of $8.54. The insider now holds 1.07 million shares of CBL Properties (CBL).

Examining Institutional Ownership at CBL Properties (NYSE:CBL)

According to CBL Properties’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 99.87%. The total amount of shares outstanding is 171.10 million, giving the company a market capitalization of about 970.11 million.

There are 269 institutional holders with active positions, accounting for 170.88 million shares in total. Of those holders, 129 had increased positions amounting to 29.06 million shares, 94 had decreased positions amounting to 21.52 million shares, and 46 holders have a held position accounting for 120.3 million shares.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 35.11 million shares, BLACKROCK INC. with 25.2 million shares, BROOKFIELD ASSET MANAGEMENT INC. with 14.81 million shares, STATE STREET CORP with 6.87 million shares, and MORGAN STANLEY with 5.69 million shares.

According to CBL Properties (CBL) most recent 13F filing, the company has 35 new institutional holders – accounting for 3.99 million shares of its common stock. There were 27 sold out positions, amounting to 8.04 million shares.

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