Today: CYS Investments Inc. (CYS) Stake Held by American Financial Group Inc.

Today: CYS Investments Inc. (CYS) Stake Held by American Financial Group Inc.

American Financial Group Inc. continued to hold its position in CYS Investments Inc. (NYSE:CYS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,329,000 shares of the real estate investment trust’s stock at the end of the third quarter. CYS Investments makes up about 2.1% of American Financial Group Inc.’s portfolio, making the stock its 8th largest position. American Financial Group Inc. owned approximately 2.20% of CYS Investments worth $29,029,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new position in CYS Investments during the second quarter worth about $19,093,000. Boston Partners boosted its position in CYS Investments by 41.4% in the second quarter. Boston Partners now owns 5,568,285 shares of the real estate investment trust’s stock worth $46,607,000 after buying an additional 1,631,341 shares in the last quarter. First Trust Advisors LP boosted its position in CYS Investments by 1,100.8% in the third quarter. First Trust Advisors LP now owns 1,601,772 shares of the real estate investment trust’s stock worth $13,967,000 after buying an additional 1,468,382 shares in the last quarter. BlackRock Fund Advisors boosted its position in CYS Investments by 16.7% in the second quarter. BlackRock Fund Advisors now owns 8,085,729 shares of the real estate investment trust’s stock worth $67,678,000 after buying an additional 1,155,381 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in CYS Investments by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,867,489 shares of the real estate investment trust’s stock worth $90,961,000 after buying an additional 354,326 shares in the last quarter. Hedge funds and other institutional investors own 62.89% of the company’s stock.

CYS Investments Inc. (NYSE:CYS) opened at 8.11 on Monday. CYS Investments Inc. has a 52 week low of $5.89 and a 52 week high of $9.21. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.95 and a beta of 0.63. The firm has a 50-day moving average price of $8.32 and a 200 day moving average price of $8.53.

CYS Investments (NYSE:CYS) last released its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. CYS Investments had a return on equity of 10.85% and a net margin of 77.50%. The firm had revenue of $69.70 million for the quarter, compared to analysts’ expectations of $71.75 million. During the same quarter last year, the firm posted $0.27 EPS. The company’s revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts forecast that CYS Investments Inc. will post $1.87 earnings per share for the current fiscal year.

A number of analysts have recently commented on CYS shares. Zacks Investment Research lowered CYS Investments from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Credit Suisse Group AG reissued a “sell” rating and set a $9.00 price target on shares of CYS Investments in a research note on Friday, September 9th. Finally, Compass Point lifted their price target on CYS Investments from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.72.

In related news, Director David A. Tyson sold 6,290 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $8.48, for a total transaction of $53,339.20. Following the transaction, the director now directly owns 20,641 shares in the company, valued at approximately $175,035.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin E. Grant sold 174,911 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $8.60, for a total value of $1,504,234.60. Following the transaction, the chief executive officer now owns 649,491 shares in the company, valued at $5,585,622.60. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

CYS Investments Company Profile

Related posts

Leave a Comment