Security National Trust Co Boosted Public Storage (PSA) Stake by $420,082 as Valuation Declined; As Stamps Com (STMP) Share Price Declined, Hhr Asset Management Cut Its Holding

February 20, 2018 - By Maria Brooks

Hhr Asset Management Llc decreased its stake in Stamps Com Inc (STMP) by 25.26% based on its latest 2017Q3 regulatory filing with the SEC. Hhr Asset Management Llc sold 130,060 shares as the company’s stock declined 8.10% while stock markets rallied. The hedge fund held 384,820 shares of the business services company at the end of 2017Q3, valued at $77.98M, down from 514,880 at the end of the previous reported quarter. Hhr Asset Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $3.26B market cap company. The stock decreased 0.53% or $1 during the last trading session, reaching $186.65. About 310,785 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since February 20, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Security National Trust Co increased its stake in Public Storage (PSA) by 188.03% based on its latest 2017Q3 regulatory filing with the SEC. Security National Trust Co bought 1,963 shares as the company’s stock declined 5.00% while stock markets rallied. The institutional investor held 3,007 shares of the real estate investment trusts company at the end of 2017Q3, valued at $644,000, up from 1,044 at the end of the previous reported quarter. Security National Trust Co who had been investing in Public Storage for a number of months, seems to be bullish on the $32.85 billion market cap company. The stock decreased 0.91% or $1.73 during the last trading session, reaching $188.75. About 1.11M shares traded or 20.69% up from the average. Public Storage (NYSE:PSA) has declined 14.14% since February 20, 2017 and is downtrending. It has underperformed by 30.84% the S&P500.

Security National Trust Co, which manages about $303.29M US Long portfolio, decreased its stake in United Technologies Corp (NYSE:UTX) by 3,222 shares to 30,887 shares, valued at $3.59M in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 2,252 shares in the quarter, leaving it with 12,987 shares, and cut its stake in United Bankshares Inc Wes (NASDAQ:UBSI).

Among 17 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 6 Sell and 9 Hold. Therefore 12% are positive. Public Storage had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained Public Storage (NYSE:PSA) rating on Wednesday, November 11. Barclays Capital has “Overweight” rating and $221 target. The company was downgraded on Monday, January 4 by Goldman Sachs. Raymond James downgraded the stock to “Mkt Perform” rating in Thursday, January 7 report. The firm earned “Neutral” rating on Thursday, August 11 by Bank of America. RBC Capital Markets maintained Public Storage (NYSE:PSA) on Wednesday, May 11 with “Sector Perform” rating. The rating was maintained by Jefferies with “Hold” on Monday, November 27. The firm has “Market Perform” rating given on Thursday, June 23 by FBR Capital. Goldman Sachs downgraded Public Storage (NYSE:PSA) on Monday, April 25 to “Sell” rating. The firm has “Outperform” rating by Raymond James given on Friday, September 4. Jefferies maintained it with “Hold” rating and $22300 target in Monday, July 24 report.

Hhr Asset Management Llc, which manages about $2.77 billion and $1.92B US Long portfolio, upped its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 643,280 shares to 2.81 million shares, valued at $75.77M in 2017Q3, according to the filing. It also increased its holding in Zillow Group Inc by 1.34 million shares in the quarter, for a total of 2.00M shares, and has risen its stake in Chipotle Mexican Grill Inc (NYSE:CMG).

Among 9 analysts covering Stamps.com (NASDAQ:STMP), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Stamps.com had 26 analyst reports since August 7, 2015 according to SRatingsIntel. Prescience Point initiated the shares of STMP in report on Thursday, July 14 with “Sell” rating. The rating was maintained by Northland Capital with “Buy” on Thursday, September 14. Singular Research maintained Stamps.com Inc. (NASDAQ:STMP) on Monday, February 27 with “Buy” rating. On Tuesday, January 12 the stock rating was upgraded by Sidoti to “Buy”. Northland Capital maintained it with “Buy” rating and $250.0 target in Monday, November 20 report. Roth Capital maintained Stamps.com Inc. (NASDAQ:STMP) rating on Friday, July 28. Roth Capital has “Buy” rating and $16600 target. The rating was maintained by B Riley with “Neutral” on Friday, August 7. B. Riley & Co maintained it with “Buy” rating and $250.0 target in Thursday, October 5 report. The stock of Stamps.com Inc. (NASDAQ:STMP) has “Buy” rating given on Friday, November 6 by B. Riley & Co. Craig Hallum maintained it with “Buy” rating and $21000 target in Thursday, August 3 report.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on February, 22. They expect $2.14 earnings per share, down 13.71% or $0.34 from last year’s $2.48 per share. STMP’s profit will be $37.40M for 21.80 P/E if the $2.14 EPS becomes a reality. After $2.57 actual earnings per share reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -16.73% negative EPS growth.

Investors sentiment is 1.01 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 26 investors sold STMP shares while 92 reduced holdings. only 60 funds opened positions while 59 raised stakes. 16.25 million shares or 8.57% less from 17.77 million shares in 2017Q2 were reported. 16,807 are held by First Tru Advsr Limited Partnership. King Luther Management Corporation reported 0.02% stake. 198 are owned by Sei Investments. Moreover, Gabelli Funds Limited Liability Com has 0.02% invested in Stamps.com Inc. (NASDAQ:STMP) for 19,000 shares. Strs Ohio holds 0.1% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 119,670 shares. Light Street Mgmt Limited Liability, California-based fund reported 380,000 shares. Janney Montgomery Scott has 0.01% invested in Stamps.com Inc. (NASDAQ:STMP) for 3,618 shares. Piedmont Invest Ltd Liability Corp has 0.05% invested in Stamps.com Inc. (NASDAQ:STMP) for 10,847 shares. Metropolitan Life Insurance Ny, New York-based fund reported 10,492 shares. The New York-based Oppenheimer Asset has invested 0% in Stamps.com Inc. (NASDAQ:STMP). Swiss Bank & Trust accumulated 26,866 shares. Asset Mgmt One, Japan-based fund reported 20,705 shares. Jennison Assoc Limited Liability Corporation has 3,857 shares for 0% of their portfolio. International Gru owns 12,530 shares. Goldman Sachs Group Inc has 0% invested in Stamps.com Inc. (NASDAQ:STMP).

Since August 24, 2017, it had 0 insider purchases, and 22 insider sales for $101.62 million activity. Clem John Roland also sold $2.04M worth of Stamps.com Inc. (NASDAQ:STMP) shares. 8,115 Stamps.com Inc. (NASDAQ:STMP) shares with value of $1.48M were sold by MCBRIDE KENNETH THOMAS. On Tuesday, October 24 Buerba Sebastian sold $4.60 million worth of Stamps.com Inc. (NASDAQ:STMP) or 20,000 shares. Another trade for 1,200 shares valued at $229,500 was made by Khechfe Amine on Friday, September 1. Shares for $2.24 million were sold by Lipson Matthew A.. The insider Biswas Michael John sold 76,602 shares worth $15.06M.

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