Manhattan Associates, Inc. (MANH) Forms $51.32 Double Bottom; Cubesmart (CUBE) Shorts Lowered By 9.33%

Manhattan Associates, Inc. (MANH) formed double bottom with $49.78 target or 3.00% below today’s $51.32 share price. Manhattan Associates, Inc. (MANH) has $3.54 billion valuation. The stock increased 0.25% or $0.13 during the last trading session, reaching $51.32. About 522,055 shares traded. Manhattan Associates, Inc. (NASDAQ:MANH) has declined 22.39% since January 6, 2017 and is downtrending. It has underperformed by 39.09% the S&P500.

Cubesmart (NYSE:CUBE) had a decrease of 9.33% in short interest. CUBE’s SI was 11.46 million shares in January as released by FINRA. Its down 9.33% from 12.63 million shares previously. With 1.87 million avg volume, 6 days are for Cubesmart (NYSE:CUBE)’s short sellers to cover CUBE’s short positions. The SI to Cubesmart’s float is 6.39%. It closed at $28.09 lastly. It is down 19.28% since January 6, 2017 and is downtrending. It has underperformed by 35.98% the S&P500.

CubeSmart is an equity real estate investment trust. The company has market cap of $5.13 billion. The firm invests in the real estate markets of the United States. It has a 43.22 P/E ratio. It engages in ownership, operation, acquisition and development of self-storage facilities.

Since December 12, 2017, it had 0 buys, and 4 selling transactions for $7.67 million activity. On Friday, December 15 MARTIN TIMOTHY M sold $1.70 million worth of CubeSmart (NYSE:CUBE) or 57,746 shares. Perry Jonathan L sold $595,392 worth of stock or 20,270 shares. MARR CHRISTOPHER P also sold $2.93 million worth of CubeSmart (NYSE:CUBE) on Thursday, December 14.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.19, from 1.34 in 2017Q2. It is negative, as 25 investors sold CubeSmart shares while 74 reduced holdings. 30 funds opened positions while 84 raised stakes. 192.70 million shares or 7.78% more from 178.80 million shares in 2017Q2 were reported. Spirit Of America Ny holds 0.05% in CubeSmart (NYSE:CUBE) or 20,000 shares. Bancorp Of Mellon invested in 0.09% or 12.63M shares. Morgan Stanley reported 1.05 million shares or 0.01% of all its holdings. Raymond James And invested in 0% or 45,492 shares. Art Limited Liability Corp has invested 0.1% of its portfolio in CubeSmart (NYSE:CUBE). Nuveen Asset Mngmt Ltd has 0.39% invested in CubeSmart (NYSE:CUBE). Price T Rowe Md has invested 0.01% in CubeSmart (NYSE:CUBE). 62,266 were reported by Bnp Paribas Arbitrage Sa. 90,000 are owned by Sterling Ltd Co. Panagora Asset Mgmt holds 0% of its portfolio in CubeSmart (NYSE:CUBE) for 6,500 shares. Congress Asset Mngmt Ma has 150,133 shares for 0.06% of their portfolio. Moreover, Strs Ohio has 0.05% invested in CubeSmart (NYSE:CUBE) for 462,537 shares. State Of New Jersey Common Pension Fund D has 838,000 shares. Illinois-based Grs Advsr Limited Liability Corp has invested 3.17% in CubeSmart (NYSE:CUBE). Moreover, Citadel Advisors Limited Liability Company has 0.03% invested in CubeSmart (NYSE:CUBE).

Among 13 analysts covering CubeSmart (NYSE:CUBE), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. CubeSmart had 40 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America downgraded CubeSmart (NYSE:CUBE) on Friday, January 20 to “Neutral” rating. The firm earned “Neutral” rating on Friday, June 24 by DA Davidson. The firm has “Outperform” rating given on Thursday, June 23 by FBR Capital. On Monday, October 23 the stock rating was maintained by Jefferies with “Buy”. The stock has “Buy” rating by Jefferies on Monday, September 18. The stock has “Buy” rating by Evercore on Tuesday, September 8. The stock of CubeSmart (NYSE:CUBE) earned “Buy” rating by FBR Capital on Tuesday, January 2. On Thursday, October 26 the stock rating was maintained by SunTrust with “Hold”. KeyBanc Capital Markets maintained CubeSmart (NYSE:CUBE) on Monday, October 23 with “Hold” rating. Robert W. Baird initiated the shares of CUBE in report on Thursday, July 23 with “Outperform” rating.

Among 7 analysts covering Manhattan Assoc (NASDAQ:MANH), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Manhattan Assoc has $80 highest and $45 lowest target. $69.40’s average target is 35.23% above currents $51.32 stock price. Manhattan Assoc had 13 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Wednesday, November 15. On Monday, January 9 the stock rating was downgraded by Raymond James to “Mkt Perform”. The firm has “Buy” rating given on Tuesday, January 12 by Brean Capital. The rating was maintained by Benchmark on Wednesday, July 22 with “Buy”. Benchmark maintained it with “Buy” rating and $65 target in Wednesday, February 1 report. The rating was downgraded by William Blair on Thursday, April 28 to “Market Perform”. The rating was initiated by William Blair on Tuesday, September 29 with “Outperform”. The stock has “Buy” rating by Lake Street on Monday, October 19. As per Wednesday, August 23, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating by Benchmark given on Wednesday, October 21.