Renaissance Technologies LLC Has $8.66 Million Position in HFF, Inc. (NYSE:HF)
Renaissance Technologies LLC cut its stake in shares of HFF, Inc. (NYSE:HF) by 38.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,800 shares of the financial services provider’s stock after selling 192,200 shares during the period. Renaissance Technologies LLC owned about 0.81% of HFF worth $8,655,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of HFF by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,880 shares of the financial services provider’s stock valued at $107,000 after buying an additional 90 shares during the period. First Bank & Trust raised its stake in shares of HFF by 4.6% in the first quarter. First Bank & Trust now owns 6,631 shares of the financial services provider’s stock valued at $183,000 after buying an additional 292 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of HFF by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,064 shares of the financial services provider’s stock valued at $195,000 after buying an additional 678 shares during the period. Mason Street Advisors LLC raised its stake in shares of HFF by 7.4% in the first quarter. Mason Street Advisors LLC now owns 8,224 shares of the financial services provider’s stock valued at $228,000 after buying an additional 567 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of HFF during the first quarter valued at about $238,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HFF, Inc. (NYSE:HF) opened at 35.34 on Monday. HFF, Inc. has a 52 week low of $24.84 and a 52 week high of $36.27. The stock has a 50 day moving average of $33.89 and a 200 day moving average of $30.55. The firm has a market cap of $1.36 billion, a P/E ratio of 16.61 and a beta of 1.20.
HFF (NYSE:HF) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.19. HFF had a return on equity of 40.35% and a net margin of 15.40%. The firm had revenue of $138.81 million for the quarter, compared to analysts’ expectations of $124.68 million. Analysts anticipate that HFF, Inc. will post $2.19 earnings per share for the current fiscal year.
HF has been the topic of several analyst reports. BidaskClub lowered shares of HFF from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine raised shares of HFF from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of HFF from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Friday, April 28th. TheStreet downgraded shares of HFF from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of HFF in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. HFF presently has an average rating of “Hold” and an average target price of $32.00.
In related news, insider Matthew D. Lawton sold 16,335 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $31.55, for a total value of $515,369.25. Following the transaction, the insider now owns 268,576 shares in the company, valued at $8,473,572.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is currently owned by company insiders.
HFF Company Profile
HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).
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