Two Harbors Investment Corp (TWO) Shares Sold by American Century Companies Inc.
American Century Companies Inc. reduced its stake in Two Harbors Investment Corp (NYSE:TWO) by 34.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,830,694 shares of the real estate investment trust’s stock after selling 968,651 shares during the period. American Century Companies Inc.’s holdings in Two Harbors Investment were worth $29,767,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Advisors Inc. OK purchased a new stake in Two Harbors Investment in the 4th quarter valued at about $10,807,000. APG Asset Management N.V. raised its holdings in Two Harbors Investment by 104.8% in the 4th quarter. APG Asset Management N.V. now owns 2,597,335 shares of the real estate investment trust’s stock valued at $35,170,000 after buying an additional 1,329,335 shares during the period. Delta Asset Management LLC TN purchased a new stake in Two Harbors Investment in the 4th quarter valued at about $186,000. James Investment Research Inc. raised its holdings in Two Harbors Investment by 36.7% in the 4th quarter. James Investment Research Inc. now owns 137,826 shares of the real estate investment trust’s stock valued at $2,241,000 after buying an additional 36,998 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Two Harbors Investment in the 4th quarter valued at about $165,000.
Shares of Two Harbors Investment Corp (NYSE TWO) opened at $15.09 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $2,630.00, a PE ratio of 10.20 and a beta of 0.32. Two Harbors Investment Corp has a one year low of $13.85 and a one year high of $17.29.
In other news, CEO Thomas Siering bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $14.85 per share, for a total transaction of $44,550.00. Following the completion of the purchase, the chief executive officer now owns 898,683 shares of the company’s stock, valued at $13,345,442.55. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brad Farrell sold 24,761 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.17, for a total transaction of $375,624.37. Following the sale, the chief financial officer now owns 284,978 shares in the company, valued at $4,323,116.26. The disclosure for this sale can be found here. Insiders have sold 81,283 shares of company stock worth $1,232,498 over the last quarter. Insiders own 1.16% of the company’s stock.
Several brokerages recently issued reports on TWO. B. Riley set a $17.00 price objective on shares of Two Harbors Investment and gave the company a “buy” rating in a report on Thursday, February 8th. ValuEngine lowered shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Two Harbors Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Maxim Group reiterated a “buy” rating and set a $17.00 price target (down from $20.50) on shares of Two Harbors Investment in a research note on Thursday, November 9th. Finally, Barclays boosted their price target on shares of Two Harbors Investment from $10.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Two Harbors Investment has an average rating of “Buy” and a consensus target price of $18.00.
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Two Harbors Investment Company Profile
Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.
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