Acadian Asset Management Lifted Lee Enterprises (LEE) Holding; Preferred Apartment Communities (APTS) Shorts Down By 21.41%

May 23, 2017 - By Migdalia James

Preferred Apartment Communities (NYSE:APTS) had a decrease of 21.41% in short interest. APTS’s SI was 398,600 shares in May as released by FINRA. Its down 21.41% from 507,200 shares previously. With 210,300 avg volume, 2 days are for Preferred Apartment Communities (NYSE:APTS)’s short sellers to cover APTS’s short positions. The SI to Preferred Apartment Communities’s float is 1.48%. About 113,862 shares traded. Preferred Apartment Communities Inc. (NYSE:APTS) has risen 15.66% since May 23, 2016 and is uptrending. It has underperformed by 1.04% the S&P500.

Acadian Asset Management Llc increased Lee Enterprises Inc (LEE) stake by 167.12% reported in 2016Q4 SEC filing. Acadian Asset Management Llc acquired 884,355 shares as Lee Enterprises Inc (LEE)’s stock declined 27.78%. The Acadian Asset Management Llc holds 1.41 million shares with $4.10 million value, up from 529,188 last quarter. Lee Enterprises Inc now has $131.17 million valuation. The stock declined 2.33% or $0.05 reaching $2.1 on the news. About 46,779 shares traded. Lee Enterprises, Incorporated (NYSE:LEE) has declined 2.01% since May 23, 2016 and is downtrending. It has underperformed by 18.71% the S&P500.

Investors sentiment decreased to 2.1 in Q4 2016. Its down 0.13, from 2.23 in 2016Q3. It worsened, as 6 investors sold Preferred Apartment Communities Inc. shares while 24 reduced holdings. 23 funds opened positions while 40 raised stakes. 10.51 million shares or 11.32% more from 9.44 million shares in 2016Q3 were reported. Nomura Asset Mngmt Ltd holds 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS) for 16,300 shares. Commonwealth Equity Service Inc holds 11,081 shares or 0% of its portfolio. Susquehanna International Group Inc Llp invested in 33,645 shares or 0% of the stock. Amer Group holds 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS) for 13,040 shares. Jpmorgan Chase owns 43,424 shares. 54,205 were reported by Asset Mngmt One Commerce Ltd. Crow Point Ptnrs Llc reported 400,000 shares. Metropolitan Life stated it has 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS). Bard Associate Inc reported 149,545 shares stake. Goldman Sachs Inc invested in 0% or 70,473 shares. Aqr Management Lc stated it has 0% in Preferred Apartment Communities Inc. (NYSE:APTS). Strs Ohio holds 0% or 44,435 shares. Northern Trust invested in 273,828 shares or 0% of the stock. Citadel Advsrs Limited Company holds 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS) for 11,054 shares. Financial Architects holds 0% or 100 shares.

Preferred Apartment Communities, Inc. is a real estate investment trust . The company has market cap of $469.29 million. The Firm is formed to acquire and operate multifamily properties in select targeted markets throughout the United States. It currently has negative earnings. It operates through divisions, including multifamily communities, real estate related financing, new market properties and office buildings.

Among 6 analysts covering Preferred Apt. Communities (NYSE:APTS), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Preferred Apt. Communities had 13 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Preferred Apartment Communities Inc. (NYSE:APTS) earned “Neutral” rating by Compass Point on Wednesday, March 9. On Wednesday, March 9 the stock rating was maintained by Wunderlich with “Buy”. FBR Capital downgraded Preferred Apartment Communities Inc. (NYSE:APTS) on Wednesday, January 4 to “Mkt Perform” rating. DA Davidson initiated the shares of APTS in report on Friday, September 18 with “Buy” rating. The rating was upgraded by Compass Point to “Buy” on Wednesday, May 4. Wunderlich maintained the shares of APTS in report on Wednesday, November 2 with “Buy” rating. As per Thursday, August 6, the company rating was maintained by Wunderlich. FBR Capital initiated the shares of APTS in report on Tuesday, September 1 with “Outperform” rating. The firm earned “Market Outperform” rating on Tuesday, September 15 by JMP Securities. The firm has “Buy” rating given on Monday, May 16 by Canaccord Genuity.

Since March 6, 2017, it had 0 insider purchases, and 4 insider sales for $577,133 activity. 13,300 shares were sold by DUPREE DANIEL M, worth $174,496.

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