Breaking: Institutional Investors Are Buying Trinity Place Holdings Inc (TPHS)

November 23, 2016 - By Ruchi Gupta   ·   0 Comments

Breaking: Institutional Investors Are Buying Trinity Place Holdings Inc (TPHS)

Sentiment for Trinity Place Holdings Inc (TPHS)

Trinity Place Holdings Inc (TPHS) institutional sentiment increased to 3.5 in Q2 2016. Its up 1.41, from 2.09 in 2016Q1. The ratio improved, as 23 hedge funds increased and started new stock positions, while 11 sold and trimmed positions in Trinity Place Holdings Inc. The hedge funds in our partner’s database reported: 12.48 million shares, down from 23.01 million shares in 2016Q1. Also, the number of hedge funds holding Trinity Place Holdings Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 6 Reduced: 5 Increased: 3 New Position: 20.

The stock increased 0.90% or $0.09 during the last trading session, hitting $10.09. Trinity Place Holdings Inc. (TPHS) has risen 37.28% since April 21, 2016 and is uptrending. It has outperformed by 31.95% the S&P500.

According to Zacks Investment Research, “Trinity Place Holdings Inc owns real estate and intellectual property assets. It operates primarily in the Westbury, New York, Paramus, New Jersey and West Palm Beach, Florida market. The company’s intellectual property includes rights related to the Filene’s Basement trademarks. Trinity Place Holdings Inc is headquartered in New York.”

Price Michael F holds 2.98% of its portfolio in Trinity Place Holdings Inc. for 2.92 million shares. Marcato Capital Management Lp owns 4.53 million shares or 2.82% of their US portfolio. Moreover, Cutter & Co Brokerage Inc. has 0.27% invested in the company for 83,100 shares. The New York-based Boyar Asset Management Inc. has invested 0.12% in the stock. Franklin Resources Inc, a California-based fund reported 1.50 million shares.#img1#

TPHS Company Profile

Trinity Place Holdings Inc., incorporated on September 12, 2012, is a real estate holding, investment and asset management company. The Firm owns, invests in, manages, develops and/or redevelops real estate assets and/or real estate related securities. The Firm operates through commercial real estate segment.

More notable recent Trinity Place Holdings Inc. (NYSEMKT:TPHS) news were published by: Reuters.com which released: “BRIEF-Trinity Place Holdings Inc files for mixed shelf of upto $125 millio…” on November 07, 2016, also Businesswire.com with their article: “Trinity Place Holdings Inc. to List on NYSE MKT” published on December 16, 2015, Businesswire.com published: “Trinity Place Holdings Inc. Announces Final Results of Rights Offering” on December 08, 2015. More interesting news about Trinity Place Holdings Inc. (NYSEMKT:TPHS) were released by: Businesswire.com and their article: “Trinity Place Holdings Inc. Announces Commencement of Rights Offering” published on November 05, 2015 as well as Businesswire.com‘s news article titled: “Trinity Place Holdings Inc., Announces Plans for 285000-Square-Foot Project At …” with publication date: January 27, 2016.

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By Ruchi Gupta


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