Gamco Investors INC. ET AL Decreases Stock Holdings in Summit Hotel Properties, Inc. (NYSE:INN)

Gamco Investors INC. ET AL reduced its stake in Summit Hotel Properties, Inc. (NYSE:INN - Free Report) by 96.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,500 shares of the real estate investment trust's stock after selling 400,000 shares during the period. Gamco Investors INC. ET AL's holdings in Summit Hotel Properties were worth $92,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INN. Wolverine Asset Management LLC lifted its holdings in shares of Summit Hotel Properties by 123.2% during the fourth quarter. Wolverine Asset Management LLC now owns 6,400 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 34,000 shares during the last quarter. Ieq Capital LLC bought a new stake in Summit Hotel Properties in the fourth quarter worth $87,000. Entropy Technologies LP purchased a new stake in shares of Summit Hotel Properties in the fourth quarter worth $88,000. Tidal Investments LLC bought a new position in shares of Summit Hotel Properties during the third quarter valued at $91,000. Finally, Van ECK Associates Corp boosted its stake in Summit Hotel Properties by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 19,879 shares of the real estate investment trust's stock worth $136,000 after purchasing an additional 1,842 shares in the last quarter. 96.47% of the stock is owned by institutional investors.

Summit Hotel Properties Stock Up 1.8 %

NYSE:INN traded up $0.07 on Thursday, reaching $3.95. 908,786 shares of the stock traded hands, compared to its average volume of 782,346. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $439.96 million, a price-to-earnings ratio of 395.00, a PEG ratio of 1.54 and a beta of 1.78. Summit Hotel Properties, Inc. has a 12 month low of $3.57 and a 12 month high of $7.22. The company's fifty day simple moving average is $5.33 and its 200 day simple moving average is $6.16.

About Summit Hotel Properties

Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.