Today: Global X Management Co. LLC Reached $9,055,000 position of Two Harbors Investments Corp. (TWO)

Today: Global X Management Co. LLC Reached $9,055,000 position  of Two Harbors Investments Corp. (TWO)

Global X Management Co. LLC raised its position in shares of Two Harbors Investments Corp. (NYSE:TWO) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,061,510 shares of the real estate investment trust’s stock after buying an additional 93,584 shares during the period. Global X Management Co. LLC owned 0.31% of Two Harbors Investments Corp. worth $9,055,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TWO. First Heartland Consultants Inc. boosted its stake in Two Harbors Investments Corp. by 0.3% in the second quarter. First Heartland Consultants Inc. now owns 19,069 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 59 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in Two Harbors Investments Corp. by 0.6% in the second quarter. Ausdal Financial Partners Inc. now owns 84,873 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 474 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Two Harbors Investments Corp. by 6.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,198 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 800 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Two Harbors Investments Corp. by 4.5% in the second quarter. Mackenzie Financial Corp now owns 24,511 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,053 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Two Harbors Investments Corp. by 5.4% in the second quarter. US Bancorp DE now owns 21,395 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 1,102 shares during the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Shares of Two Harbors Investments Corp. (NYSE:TWO) traded up 0.59% on Monday, hitting $8.52. 431,371 shares of the stock traded hands. Two Harbors Investments Corp. has a one year low of $6.91 and a one year high of $9.18. The stock has a 50 day moving average of $8.32 and a 200 day moving average of $8.59. The company has a market cap of $2.96 billion, a PE ratio of 13.44 and a beta of 0.58.

Two Harbors Investments Corp. (NYSE:TWO) last issued its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $108.51 million for the quarter, compared to analyst estimates of $89.40 million. Two Harbors Investments Corp. had a net margin of 37.85% and a return on equity of 8.76%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. Equities analysts anticipate that Two Harbors Investments Corp. will post $0.41 earnings per share for the current year.

A number of research firms have recently commented on TWO. Deutsche Bank AG set a $9.80 price target on shares of Two Harbors Investments Corp. and gave the company a “buy” rating in a report on Saturday, August 6th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $9.50 price target on shares of Two Harbors Investments Corp. in a report on Friday, August 5th. Wunderlich increased their price target on shares of Two Harbors Investments Corp. from $8.75 to $9.50 and gave the company a “hold” rating in a report on Friday, August 5th. JMP Securities reiterated a “buy” rating on shares of Two Harbors Investments Corp. in a report on Thursday, November 3rd. Finally, TheStreet cut shares of Two Harbors Investments Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Two Harbors Investments Corp. presently has an average rating of “Buy” and an average price target of $9.54.

In related news, CEO Thomas Siering bought 3,500 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $29,680.00. Following the transaction, the chief executive officer now owns 865,553 shares of the company’s stock, valued at $7,339,889.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

About Two Harbors Investments Corp.

Related posts

Leave a Comment