Lsv Asset Management Trimmed Pennymac Mortgage Investment Trust (PMT) Stake by $3.28 Million; Stock Rose; As Mcdonalds (MCD) Valuation Rose, United Bank Lifted Holding by $2.65 Million

January 14, 2018 - By Hazel Jackson

Lsv Asset Management decreased its stake in Pennymac Mortgage Investment Trust (PMT) by 11.49% based on its latest 2017Q3 regulatory filing with the SEC. Lsv Asset Management sold 192,700 shares as the company’s stock rose 4.55% with the market. The institutional investor held 1.48 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $25.80 million, down from 1.68 million at the end of the previous reported quarter. Lsv Asset Management who had been investing in Pennymac Mortgage Investment Trust for a number of months, seems to be less bullish one the $1.05 billion market cap company. The stock decreased 0.68% or $0.11 during the last trading session, reaching $15.97. About 331,928 shares traded. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 18.22% since January 14, 2017 and is uptrending. It has outperformed by 1.52% the S&P500.

United Bank increased its stake in Mcdonalds Corp (MCD) by 143.59% based on its latest 2017Q3 regulatory filing with the SEC. United Bank bought 16,987 shares as the company’s stock rose 15.92% with the market. The institutional investor held 28,817 shares of the restaurants company at the end of 2017Q3, valued at $4.52 million, up from 11,830 at the end of the previous reported quarter. United Bank who had been investing in Mcdonalds Corp for a number of months, seems to be bullish on the $138.37 billion market cap company. The stock increased 0.10% or $0.18 during the last trading session, reaching $173.57. About 2.90 million shares traded. McDonald's Corporation (NYSE:MCD) has risen 18.25% since January 14, 2017 and is uptrending. It has outperformed by 1.55% the S&P500.

Lsv Asset Management, which manages about $82.68 billion and $60.63B US Long portfolio, upped its stake in Westrock Company by 9,731 shares to 825,156 shares, valued at $46.81M in 2017Q3, according to the filing. It also increased its holding in World Fuel Services Corporation (NYSE:INT) by 226,010 shares in the quarter, for a total of 682,710 shares, and has risen its stake in Ttm Technologies Inc. (NASDAQ:TTMI).

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.19, from 1.38 in 2017Q2. It is negative, as 16 investors sold PMT shares while 43 reduced holdings. 21 funds opened positions while 49 raised stakes. 40.44 million shares or 2.09% less from 41.31 million shares in 2017Q2 were reported. Renaissance Technologies Ltd Llc stated it has 0.01% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT). Employees Retirement System Of Ohio holds 0% or 7,207 shares. Moreover, Balyasny Asset Mgmt has 0.01% invested in PennyMac Mortgage Investment Trust (NYSE:PMT). Cipher Capital Limited Partnership has invested 0.28% in PennyMac Mortgage Investment Trust (NYSE:PMT). Walleye Trading Limited Liability Com stated it has 0% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT). Neuberger Berman Group Ltd Liability Corporation invested in 11,140 shares or 0% of the stock. Nwq Investment Management Ltd holds 0.06% in PennyMac Mortgage Investment Trust (NYSE:PMT) or 260,197 shares. Blume Management Incorporated has invested 0.01% in PennyMac Mortgage Investment Trust (NYSE:PMT). Oppenheimer Asset holds 0% or 1,869 shares. Arrowstreet Capital Partnership holds 0.01% in PennyMac Mortgage Investment Trust (NYSE:PMT) or 207,924 shares. Art Advisors Ltd Llc stated it has 0.06% in PennyMac Mortgage Investment Trust (NYSE:PMT). Ameritas Invest Prtn stated it has 0% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT). Kazazian Asset Management Ltd holds 42,045 shares. Citadel Ltd Com invested in 0% or 282,168 shares. Moreover, Pacad Invest Ltd has 0.02% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 4,573 shares.

Analysts await PennyMac Mortgage Investment Trust (NYSE:PMT) to report earnings on February, 1. They expect $0.34 EPS, down 22.73% or $0.10 from last year’s $0.44 per share. PMT’s profit will be $22.29M for 11.74 P/E if the $0.34 EPS becomes a reality. After $0.20 actual EPS reported by PennyMac Mortgage Investment Trust for the previous quarter, Wall Street now forecasts 70.00% EPS growth.

Among 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. PennyMac Mortgage Investment Trust had 16 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Thursday, December 10. Compass Point maintained it with “Buy” rating and $19.50 target in Thursday, August 6 report. The firm has “Neutral” rating given on Monday, February 6 by Compass Point. The firm has “Buy” rating given on Monday, July 27 by Compass Point. The firm has “Outperform” rating by Wood given on Monday, June 13. As per Wednesday, March 9, the company rating was maintained by JMP Securities. The firm has “Market Perform” rating given on Thursday, February 4 by Wells Fargo. Citigroup downgraded the stock to “Neutral” rating in Friday, August 7 report. The rating was downgraded by Barclays Capital on Friday, February 5 to “Equal-Weight”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, May 29.

Investors sentiment decreased to 0.77 in 2017 Q3. Its down 0.01, from 0.78 in 2017Q2. It dived, as 48 investors sold MCD shares while 638 reduced holdings. 121 funds opened positions while 404 raised stakes. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported. 6,836 were accumulated by Parametrica Management. 1,873 were accumulated by Spectrum Mgmt Group Inc. Baxter Bros holds 0.77% or 17,047 shares in its portfolio. 12,940 are owned by Lincoln National Corp. Federated Investors Pa, a Pennsylvania-based fund reported 127,771 shares. Nichols Pratt Advisers Llp Ma holds 8,725 shares or 0.12% of its portfolio. Bbva Compass Bankshares has 0.19% invested in McDonald's Corporation (NYSE:MCD). Cipher Lp invested in 56,366 shares. Trexquant Inv Lp invested 0.51% of its portfolio in McDonald's Corporation (NYSE:MCD). Macquarie Ltd invested in 85,425 shares or 0.02% of the stock. Dixon Hubard Feinour & Brown Va stated it has 6,497 shares. Sumitomo Mitsui Asset Mngmt Ltd has invested 0.24% in McDonald's Corporation (NYSE:MCD). Moody Bancorporation Trust Division owns 17,333 shares or 0.13% of their US portfolio. Fincl Consulate has 9,589 shares for 0.82% of their portfolio. Birmingham Cap Al owns 44,060 shares or 2.75% of their US portfolio.

Since August 9, 2017, it had 0 insider buys, and 3 sales for $3.75 million activity. $1.33 million worth of McDonald's Corporation (NYSE:MCD) was sold by Sappington James R on Wednesday, October 25. The insider Fairhurst David Ogden sold 4,782 shares worth $751,013.

United Bank, which manages about $104.61 million US Long portfolio, decreased its stake in Zimmer Biomet Holdings Inc (ZMH) by 8,300 shares to 8,300 shares, valued at $972,000 in 2017Q3, according to the filing.

Among 34 analysts covering McDonald’s Corporation (NYSE:MCD), 24 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. McDonald’s Corporation had 120 analyst reports since September 29, 2015 according to SRatingsIntel. BTIG Research maintained McDonald's Corporation (NYSE:MCD) on Monday, April 25 with “Buy” rating. The stock of McDonald's Corporation (NYSE:MCD) earned “Hold” rating by Evercore on Tuesday, April 5. The company was maintained on Thursday, December 21 by RBC Capital Markets. The stock of McDonald's Corporation (NYSE:MCD) has “Outperform” rating given on Friday, April 21 by Telsey Advisory Group. The stock has “Buy” rating by RBC Capital Markets on Friday, June 2. On Thursday, June 22 the stock rating was maintained by BMO Capital Markets with “Buy”. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, October 25 report. The firm has “Buy” rating by Nomura given on Monday, April 25. On Tuesday, January 26 the stock rating was maintained by Robert W. Baird with “Neutral”. As per Wednesday, July 27, the company rating was maintained by Credit Suisse.

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