Penn Mutual Life Insurance Company Has Increased Its New Residental Investment (NRZ) Holding; 2 Analysts Covering TeraGo Inc. (TSE:TGO)

June 19, 2017 - By Henry Gaston

Penn Mutual Life Insurance Company increased New Residental Investment (NRZ) stake by 62.07% reported in 2016Q4 SEC filing. Penn Mutual Life Insurance Company acquired 72,000 shares as New Residental Investment (NRZ)’s stock declined 0.74%. The Penn Mutual Life Insurance Company holds 188,000 shares with $2.96 million value, up from 116,000 last quarter. New Residental Investment now has $5.21 billion valuation. The stock rose 0.96% or $0.16 reaching $16.89 per share. About 1.01M shares traded. New Residential Investment Corp (NYSE:NRZ) has risen 22.04% since June 19, 2016 and is uptrending. It has outperformed by 5.34% the S&P500.

Among 3 analysts covering Terago Inc. (TSE:TGO), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Terago Inc. had 6 analyst reports since August 6, 2015 according to SRatingsIntel. TD Securities maintained TeraGo Inc. (TSE:TGO) on Tuesday, April 11 with “Buy” rating. The firm has “Buy” rating given on Monday, August 10 by TD Securities. The rating was maintained by Desjardins Securities with “Buy” on Wednesday, March 1. The company was maintained on Tuesday, November 8 by TD Securities. The stock of TeraGo Inc. (TSE:TGO) has “Sector Perform” rating given on Thursday, August 6 by IBC. See TeraGo Inc. (TSE:TGO) latest ratings:

15/05/2017 Broker: TD Securities Rating: Buy Old Target: $5.00 New Target: $6.00 Target Up
11/04/2017 Broker: TD Securities Rating: Buy New Target: $5.00 Maintain
01/03/2017 Broker: Desjardins Securities Rating: Buy New Target: $5.00 Maintain

Terago Inc, through its subsidiaries, provides businesses across Canada with data and voice communications services, data center colocation and hosting services through its approximately seven data centers, as well as cloud Infrastructure as a Service computing and storage solutions. The company has market cap of $66.24 million. With respect to its data and voice communications services, the Company owns and operates a carrier-grade, MultiProtocol Label Switching (MPLS)-enabled fixed wireless, Internet protocol (IP) communications network in Canada targeting businesses that require Internet access and data connectivity services. It currently has negative earnings. It provides enterprise cloud services to multiple high value enterprise clients across verticals, including secondary and post-secondary education, hospitals, federal and provincial governments and non-profit organizations.

About 14,400 shares traded. TeraGo Inc. (TSE:TGO) has 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Since February 3, 2017, it had 1 buying transaction, and 0 insider sales for $279,000 activity. $279,000 worth of New Residential Investment Corp (NYSE:NRZ) shares were bought by Nierenberg Michael.

Penn Mutual Life Insurance Company decreased Northstar Realty Finance Common Stk stake by 322,000 shares to 321,000 valued at $4.86M in 2016Q4. It also reduced Chimera Investment Corp stake by 64,000 shares and now owns 347,000 shares. Colony Starwood Homes was reduced too.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.48, from 1.6 in 2016Q3. It worsened, as 24 investors sold NRZ shares while 69 reduced holdings. 33 funds opened positions while 71 raised stakes. 131.23 million shares or 2.53% less from 134.65 million shares in 2016Q3 were reported. Rfg Advisory Gru Lc holds 18,719 shares or 0.16% of its portfolio. Sg Americas Secs Limited Liability Corp holds 7,302 shares or 0% of its portfolio. Moreover, Sg Limited Liability Corporation has 1.39% invested in New Residential Investment Corp (NYSE:NRZ) for 531,578 shares. Citadel Advsr Ltd Llc stated it has 0% of its portfolio in New Residential Investment Corp (NYSE:NRZ). Next Fincl Group Incorporated stated it has 7,457 shares or 0% of all its holdings. Strs Ohio reported 0.01% in New Residential Investment Corp (NYSE:NRZ). Millennium Management Ltd Llc invested 0.06% in New Residential Investment Corp (NYSE:NRZ). Vanguard Grp invested 0.02% of its portfolio in New Residential Investment Corp (NYSE:NRZ). 699,967 are owned by Prudential Finance. California Pub Employees Retirement System has 552,950 shares. Aqr Cap Mngmt Lc owns 429,128 shares for 0.01% of their portfolio. Clarivest Asset Mgmt Ltd Liability Com reported 233,545 shares. Blackrock Institutional Trust Na has 0.01% invested in New Residential Investment Corp (NYSE:NRZ) for 6.42 million shares. Quantitative Inv Mngmt, a Virginia-based fund reported 107,800 shares. Virginia Retirement Et Al accumulated 86,200 shares.

Among 7 analysts covering New Residential Investment Corp (NYSE:NRZ), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. New Residential Investment Corp had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of New Residential Investment Corp (NYSE:NRZ) has “Overweight” rating given on Friday, September 9 by Piper Jaffray. The firm has “Neutral” rating given on Wednesday, May 18 by Compass Point. JMP Securities initiated it with “Mkt Outperform” rating and $15.0 target in Wednesday, December 23 report. The firm earned “Overweight” rating on Monday, October 19 by Piper Jaffray. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 10. FBR Capital maintained New Residential Investment Corp (NYSE:NRZ) rating on Wednesday, February 22. FBR Capital has “Outperform” rating and $17.50 target. The stock of New Residential Investment Corp (NYSE:NRZ) has “Outperform” rating given on Thursday, February 25 by FBR Capital. The firm has “Sell” rating given on Wednesday, August 12 by Zacks. On Thursday, October 6 the stock rating was initiated by Wedbush with “Outperform”. The stock has “Neutral” rating by Nomura on Wednesday, October 26.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: