Blackrock Inc. Now Owns 25,468,689 Shares In Washington Prime Group Inc. (WPG)

Washington Prime Group Inc. (NYSE:WPG) is at least 42.04% than its current record low price of $5.40. There was a -3.16% decline on 07/16/2018 that led the price to move at $7.67. At recent session, the prices were hovering between $7.59 and $7.96. This company shares are 1.04% off its target price of $7.75 and the current market capitalization stands at $1.46B. The recent change has given its price a 0.55% lead over SMA 50 and -21.65% deficit over its 52-week high. The stock witnessed -1.79% declines, 15.51% gains and 8.03% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WPG’s volatility during a week at 3.04% and during a month it has been found around 2.63%.

Washington Prime Group Inc. (WPG) Top Holders

Institutional investors currently hold around $1.29 billion or 90.8% in WPG stock. Look at its top three institutional owners. Vanguard Group Inc owns $234.26 million in Washington Prime Group Inc., which represents roughly 16.05% of the company’s market cap and approximately 18.1% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 25,468,689 shares of the stock are valued at $201.71 million. The third largest holder is Massachusetts Financial Services Co /Ma/, which currently holds $108.51 million worth of this stock and that ownership represents nearly 7.43% of its market capitalization.

Washington Prime Group Inc. 13F Filings

At the end of March reporting period, 140 institutional holders increased their position in Washington Prime Group Inc. (NYSE:WPG) by some 12,911,192 shares, 109 decreased positions by 19,681,813 and 53 held positions by 130,733,718. That puts total institutional holdings at 163,326,723 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 3,093,362 shares while 42 institutional investors sold out their entire positions totaling 5,007,677 shares.

Washington Prime Group Inc. (NYSE:WPG) Insider Trades

Multiple company employees have indulged in significant insider trading. Washington Prime Group Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Conforti Louis G has acquired 28,198 shares of Washington Prime Group Inc. (WPG) in trading session dated Feb. 28, 2018. These shares are worth $183,005 and were traded at $6.49 each. The SEC filing shows that Conforti Louis G performed a purchase of 12,125 shares. The CEO added these shares by way of transaction on May. 05, 2017. The company’s shares were assimilated at $8.25 per share worth to an investment of some $100,031 on account of Conforti Louis G.

CEO, Conforti Louis G, purchased 28,700 common shares of Washington Prime Group Inc. (WPG) in the open market. In a transaction dated Mar. 31, 2017, the shares were bought at an average price of $8.68, giving away a sum of $249,116. After this purchase, 28,700 common shares of WPG are directly owned by the insider, with total stake valued at $220,129.

In the transaction dated Mar. 28, 2017, the great number of shares acquired came courtesy the Executive Vice President & COO; Knerr Keric M added a total of 6,119 shares at an average price of $8.17, amounting to approximately $49,992. The insider now directly owns 12,942 shares worth $99,265.

Washington Prime Group Inc. (WPG) Analyst Guide

Several analysts have released their opinion on Washington Prime Group Inc. (NYSE:WPG), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.