Mangrove Partners Has Upped Its Equity Comwlth (EQC) Position by $27.69 Million as Valuation Declined

March 15, 2018 - By Graig Alexander

Nathaniel August increased its stake in Equity Comwlth (EQC) by 94.82% based on its latest 2017Q3 regulatory filing with the SEC. Mangrove Partners bought 922,855 shares as the company’s stock declined 0.70% while stock markets rallied. The hedge fund run by Nathaniel August held 1.90M shares of the real estate investment trusts company at the end of 2017Q3, valued at $57.64 million, up from 973,270 at the end of the previous reported quarter. Mangrove Partners who had been investing in Equity Comwlth for a number of months, seems to be bullish on the $3.74B market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $30.06. About 795,908 shares traded or 12.37% up from the average. Equity Commonwealth (NYSE:EQC) has risen 13.35% since March 15, 2017 and is uptrending. It has underperformed by 3.35% the S&P500.

Mangrove Partners, which manages about $562.50M and $583.52M US Long portfolio, decreased its stake in Suncoke Energy Inc (NYSE:SXC) by 400,844 shares to 6.36M shares, valued at $58.10 million in 2017Q3, according to the filing.

More notable recent Equity Commonwealth (NYSE:EQC) news were published by: which released: “Equity Commonwealth’s Portfolio Just Keeps Shrinking” on February 16, 2018, also with their article: “Equity Commonwealth sells Philadelphia tower for $160 mln” published on February 16, 2018, published: “Equity Commonwealth to Participate in Citi 2018 Global Property Conference” on March 01, 2018. More interesting news about Equity Commonwealth (NYSE:EQC) were released by: and their article: “Equity Commonwealth Sets 2018 Annual Meeting of Shareholders” published on February 23, 2018 as well as‘s news article titled: “Equity Commonwealth Announces $150 Million Share Repurchase Authorization” with publication date: March 14, 2018.

Equity Commonwealth (NYSE:EQC) Ratings Coverage

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Equity Commonwealth had 10 analyst reports since August 10, 2015 according to SRatingsIntel. As per Monday, September 18, the company rating was maintained by Stifel Nicolaus. The stock of Equity Commonwealth (NYSE:EQC) has “Hold” rating given on Friday, November 6 by Stifel Nicolaus. As per Friday, September 11, the company rating was upgraded by Citigroup. The company was upgraded on Friday, February 16 by Stifel Nicolaus. Bank of America upgraded Equity Commonwealth (NYSE:EQC) on Monday, August 15 to “Buy” rating. On Thursday, September 1 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Neutral” rating by Citigroup on Monday, September 14. The rating was upgraded by Zacks on Monday, August 10 to “Sell”. Bank of America upgraded the shares of EQC in report on Wednesday, September 9 to “Neutral” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, July 14.

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