As New Residental Investment (NRZ) Market Valuation Declined, Penn Mutual Life Insurance Company Has Lifted Holding by $3.86 Million; First Wilshire Securities Management Has Raised Position in Matrix Svc Co (MTRX) as Share Price Declined

December 16, 2017 - By Hazel Jackson

First Wilshire Securities Management Inc increased its stake in Matrix Svc Co (MTRX) by 18.93% based on its latest 2017Q2 regulatory filing with the SEC. First Wilshire Securities Management Inc bought 62,106 shares as the company’s stock declined 48.70% while stock markets rallied. The hedge fund held 390,172 shares of the engineering & construction company at the end of 2017Q2, valued at $3.65M, up from 328,066 at the end of the previous reported quarter. First Wilshire Securities Management Inc who had been investing in Matrix Svc Co for a number of months, seems to be bullish on the $465.42M market cap company. The stock increased 1.16% or $0.2 during the last trading session, reaching $17.4. About 661,653 shares traded or 126.28% up from the average. Matrix Service Company (NASDAQ:MTRX) has declined 43.23% since December 16, 2016 and is downtrending. It has underperformed by 59.93% the S&P500.

Penn Mutual Life Insurance Company increased its stake in New Residental Investment (NRZ) by 67.63% based on its latest 2017Q2 regulatory filing with the SEC. Penn Mutual Life Insurance Company bought 257,000 shares as the company’s stock declined 0.74% while stock markets rallied. The institutional investor held 637,000 shares of the real estate investment trusts company at the end of 2017Q2, valued at $9.91 million, up from 380,000 at the end of the previous reported quarter. Penn Mutual Life Insurance Company who had been investing in New Residental Investment for a number of months, seems to be bullish on the $5.62 billion market cap company. The stock increased 0.99% or $0.18 during the last trading session, reaching $18.29. About 2.45M shares traded or 1.11% up from the average. New Residential Investment Corp. (NYSE:NRZ) has risen 22.04% since December 16, 2016 and is uptrending. It has outperformed by 5.34% the S&P500.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 1.54, from 2.66 in 2017Q1. It fall, as 43 investors sold NRZ shares while 78 reduced holdings. 52 funds opened positions while 83 raised stakes. 140.89 million shares or 11.25% less from 158.75 million shares in 2017Q1 were reported. Usca Ria Ltd Company holds 11,800 shares. 535,766 are owned by Principal Grp Incorporated. Wellington Mgmt Gp Llp has invested 0% in New Residential Investment Corp. (NYSE:NRZ). Sandy Spring Fincl Bank accumulated 500 shares. Sg Americas Securities Ltd Liability has 0.03% invested in New Residential Investment Corp. (NYSE:NRZ). New York-based Qs Invsts Ltd Liability has invested 0.02% in New Residential Investment Corp. (NYSE:NRZ). Jpmorgan Chase And holds 0% or 180,096 shares in its portfolio. Neuberger Berman Grp Limited Liability Corp owns 355,129 shares. First Manhattan stated it has 0% of its portfolio in New Residential Investment Corp. (NYSE:NRZ). Gp One Trading LP reported 15,779 shares or 0% of all its holdings. Investec Asset North America invested in 0.14% or 50,591 shares. Natl Bank Of America De invested in 3.68 million shares or 0.01% of the stock. 164,356 are owned by Beck Cap Management Ltd Liability Co. Sei Invests Company holds 779 shares. 4.28M were reported by State Street.

Among 8 analysts covering New Residential Investment Corp (NYSE:NRZ), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. New Residential Investment Corp had 22 analyst reports since August 12, 2015 according to SRatingsIntel. On Sunday, August 27 the stock rating was maintained by Piper Jaffray with “Buy”. The company was maintained on Friday, June 23 by FBR Capital. JMP Securities initiated the stock with “Mkt Outperform” rating in Wednesday, December 23 report. The firm earned “Outperform” rating on Thursday, October 6 by Wedbush. FBR Capital maintained the shares of NRZ in report on Wednesday, February 22 with “Outperform” rating. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Overweight” rating by Piper Jaffray on Monday, October 19. The rating was maintained by FBR Capital with “Buy” on Monday, July 10. The firm earned “Overweight” rating on Friday, September 9 by Piper Jaffray. The firm earned “Neutral” rating on Wednesday, May 18 by Compass Point. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 6 with “Buy”.

Penn Mutual Life Insurance Company, which manages about $113.80 million US Long portfolio, decreased its stake in Starwood Property Trust (NYSE:STWD) by 100,000 shares to 125,000 shares, valued at $2.80 million in 2017Q2, according to the filing. It also reduced its holding in Pimco Dynamic Income Fund (PDI) by 126,000 shares in the quarter, leaving it with 85,000 shares, and cut its stake in Annaly Capital Management Inc (NYSE:NLY).

Investors sentiment decreased to 0.89 in 2017 Q2. Its down 0.48, from 1.37 in 2017Q1. It turned negative, as 30 investors sold MTRX shares while 44 reduced holdings. 25 funds opened positions while 41 raised stakes. 22.15 million shares or 5.17% less from 23.35 million shares in 2017Q1 were reported. Principal Fincl Group Inc has invested 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX). Moreover, Mufg Americas Hldgs Corporation has 0% invested in Matrix Service Company (NASDAQ:MTRX) for 245 shares. Pnc Financial invested in 477 shares or 0% of the stock. 69,440 were accumulated by Jpmorgan Chase & Company. Geode Capital Ltd Liability Company reported 354,695 shares. D E Shaw & Inc reported 0.01% of its portfolio in Matrix Service Company (NASDAQ:MTRX). State Street has invested 0% in Matrix Service Company (NASDAQ:MTRX). California Employees Retirement holds 122,300 shares. Tiaa Cref Investment Mngmt Lc reported 0% of its portfolio in Matrix Service Company (NASDAQ:MTRX). Boston reported 740,510 shares. Louisiana State Employees Retirement holds 10,800 shares or 0% of its portfolio. Zpr Inv Management reported 134,505 shares or 1.93% of all its holdings. Amg Natl Trust Bancshares holds 0.02% of its portfolio in Matrix Service Company (NASDAQ:MTRX) for 35,786 shares. Systematic Finance Mgmt Ltd Partnership invested in 163,690 shares or 0.03% of the stock. 699,229 were reported by Northern Tru.