Chesapeake Asset Management adds WP Glimcher Inc (WPG) to its portfolio

WP Glimcher Inc (WPG) : Chesapeake Asset Management added new position in WP Glimcher Inc during the most recent quarter end. The investment management firm now holds 83,559 shares of WP Glimcher Inc which is valued at $1,083,760 , the company said in a statement filed on Aug 9, 2016 with the SEC.WP Glimcher Inc makes up approximately 0.85% of Chesapeake Asset Management’s portfolio.

Other Hedge Funds, Including , Secor Capital Advisors Lp added WPG to its portfolio by purchasing 42,349 company shares during the most recent quarter which is valued at $549,267. WP Glimcher Inc makes up approx 0.08% of Secor Capital Advisors Lp’s portfolio. Genovese Burford Brothers Wealth Retirement Plan Mana… added WPG to its portfolio by purchasing 560 company shares during the most recent quarter which is valued at $7,263.Chicago Equity Partners boosted its stake in WPG in the latest quarter, The investment management firm added 1,880 additional shares and now holds a total of 19,025 shares of WP Glimcher Inc which is valued at $241,237. WP Glimcher Inc makes up approx 0.01% of Chicago Equity Partners’s portfolio.

WP Glimcher Inc opened for trading at $13.15 and hit $13.175 on the upside on Wednesday, eventually ending the session at $13.15, with a gain of 0.23% or 0.03 points. The heightened volatility saw the trading volume jump to 13,08,066 shares. Company has a market cap of $2,437 M.

On the company’s financial health, WP Glimcher Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40.Analysts expectations of $ 210.23.During the same quarter in the previous year, the company posted $0.48 EPS.

Many Wall Street Analysts have commented on WP Glimcher Inc. WP Glimcher Inc was Downgraded by Goldman to ” Neutral” on Jul 15, 2016.

WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership development and management of retail real estate. Washington Prime Group L.P. (WPG L.P.) is the Company’s majority owned partnership subsidiary that owns through its affiliates all of the Company’s real estate properties and other assets. As of December 31 2014 the Company’s assets consisted of interests in 97 shopping centers in the United States consisting of strip centers and malls. The Company’s properties are leased to various tenants across the retail including anchor stores big-box tenants national inline tenants sitdown restaurants movie theatres and regional and local retailers. The Company’s properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall and Westminster Mall among others.

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