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Convergence Investment Partners Cut Its Summit Hotel Pptys (INN) Stake; Terex (TEX) Has 0.91 Sentiment

Convergence Investment Partners Llc decreased Summit Hotel Pptys (INN) stake by 50% reported in 2017Q3 SEC filing. Convergence Investment Partners Llc sold 42,249 shares as Summit Hotel Pptys (INN)’s stock rose 7.59%. The Convergence Investment Partners Llc holds 42,249 shares with $676,000 value, down from 84,498 last quarter. Summit Hotel Pptys now has $1.41 billion valuation. The stock decreased 0.30% or $0.04 during the last trading session, reaching $13.46. About 359,587 shares traded. Summit Hotel Properties, Inc. (NYSE:INN) has risen 48.87% since March 14, 2017 and is uptrending. It has outperformed by 32.17% the S&P500.

Terex Corporation manufactures and sells lifting and material processing products worldwide. The company has market cap of $3.16 billion. The firm operates through three divisions: Aerial Work Platforms , Cranes, and Materials Processing (MP). It has a 28.8 P/E ratio. The AWP segment designs, makes, services, and markets aerial work platform equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brand names.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.27, from 0.98 in 2017Q2. It improved, as 30 investors sold INN shares while 75 reduced holdings. 32 funds opened positions while 71 raised stakes. 99.13 million shares or 0.27% more from 98.87 million shares in 2017Q2 were reported. Pub Sector Pension Investment Board reported 0% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN). Martingale Asset Mngmt LP holds 0.01% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN) for 34,400 shares. Clearbridge Limited Liability Corp reported 588,270 shares. Daiwa Secs Group Inc Inc reported 9,800 shares stake. Zebra Capital Mngmt Ltd Liability Corp reported 19,139 shares or 0.1% of all its holdings. Fort Washington Inc Oh owns 10,900 shares for 0% of their portfolio. Eqis Capital Mgmt Inc invested in 0.09% or 97,367 shares. Texas Permanent School Fund invested in 0.02% or 76,093 shares. Citadel Advsr Ltd Co invested in 0% or 180,851 shares. Kbc Grp Inc Nv holds 0.03% or 199,979 shares. Axa holds 0% in Summit Hotel Properties, Inc. (NYSE:INN) or 70,700 shares. Principal Group has 0.06% invested in Summit Hotel Properties, Inc. (NYSE:INN) for 4.14M shares. Pub Employees Retirement Sys Of Ohio holds 0.02% of its portfolio in Summit Hotel Properties, Inc. (NYSE:INN) for 198,184 shares. Millennium Management Ltd Co invested in 620,867 shares. Ls Inv Advsrs Ltd Liability Corp invested in 0.01% or 10,659 shares.

Convergence Investment Partners Llc increased Mckesson Corp (NYSE:MCK) stake by 4,792 shares to 20,356 valued at $3.13 million in 2017Q3. It also upped Zions Bancorporation (NASDAQ:ZION) stake by 7,815 shares and now owns 103,789 shares. Maximus Inc (NYSE:MMS) was raised too.

Analysts await Summit Hotel Properties, Inc. (NYSE:INN) to report earnings on May, 2. They expect $0.30 EPS, down 6.25% or $0.02 from last year’s $0.32 per share. INN’s profit will be $31.40M for 11.22 P/E if the $0.30 EPS becomes a reality. After $0.30 actual EPS reported by Summit Hotel Properties, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 10 analysts covering Summit Hotel Properties (NYSE:INN), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Summit Hotel Properties had 35 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $16.0 target in Monday, February 26 report. The firm earned “Hold” rating on Friday, September 22 by KeyBanc Capital Markets. On Monday, November 20 the stock rating was downgraded by Janney Capital to “Neutral”. The stock of Summit Hotel Properties, Inc. (NYSE:INN) has “Underperform” rating given on Monday, August 14 by Bank of America. As per Friday, March 3, the company rating was upgraded by Bank of America. Bank of America downgraded the shares of INN in report on Tuesday, July 21 to “Underperform” rating. Robert W. Baird maintained the shares of INN in report on Thursday, September 7 with “Buy” rating. KeyBanc Capital Markets maintained the shares of INN in report on Friday, October 27 with “Buy” rating. The stock of Summit Hotel Properties, Inc. (NYSE:INN) earned “Outperform” rating by Raymond James on Monday, October 30. The firm has “Buy” rating given on Thursday, May 25 by Canaccord Genuity.

Marcato Capital Management Lp holds 14.85% of its portfolio in Terex Corporation for 2.89 million shares. Minneapolis Portfolio Management Group Llc owns 795,431 shares or 5.24% of their US portfolio. Moreover, 13D Management Llc has 5.03% invested in the company for 293,752 shares. The Texas-based Stanley Capital Management Llc has invested 3.3% in the stock. Cna Financial Corp, a Illinois-based fund reported 95,614 shares.

Since January 1, 0001, it had 6 insider purchases, and 4 sales for $2.32 million activity.

Ratings analysis reveals 40% of Terex’s analysts are positive. Out of 5 Wall Street analysts rating Terex, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20.0 while the high is $37.0. The stock’s average target of $29 is -25.62% below today’s ($38.99) share price. TEX was included in 5 notes of analysts from September 7, 2016. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, December 14. The stock of Terex Corporation (NYSE:TEX) has “Buy” rating given on Friday, September 30 by CLSA. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, September 7. The firm has “Underweight” rating by Barclays Capital given on Monday, October 24. RBC Capital Markets maintained the shares of TEX in report on Wednesday, December 14 with “Sector Perform” rating.

The stock decreased 1.91% or $0.76 during the last trading session, reaching $38.99. About 922,607 shares traded. Terex Corporation (TEX) has risen 32.26% since March 14, 2017 and is uptrending. It has outperformed by 15.56% the S&P500.

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