SVP Excelsior Management LLC sold 40,503 shares of CBL for $1.1M at $26.03 on 2024-07-29, reducing stake by 24.4%.
SVP Excelsior Management LLC, a 10% owner, executed 10 separate sales totaling 40,503 shares for $1,054,333.61 on 2024-07-29, at a blended average price of $26.03. The sale reduced holdings from 165,773 shares to 125,270 shares, representing a 24.4% reduction in the filer's position. The transaction occurred near the stock's 52-week high of $26.24, with shares currently trading at $25.77 after a 30-day appreciation of +12.2%. The company reported trailing-quarter revenue of $129,117,000.00 with net income of only $50,000.00, resulting in a P/E of 184.07, reflecting a structurally challenged earnings profile relative to the stock's recent price strength.