Janus Henderson Group PLC Sells 26,112 Shares of Two Harbors Investment Corp (TWO)

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Janus Henderson Group PLC trimmed its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,046,146 shares of the real estate investment trust’s stock after selling 26,112 shares during the period. Janus Henderson Group PLC’s holdings in Two Harbors Investment were worth $15,619,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TWO. Bank of Montreal Can purchased a new position in shares of Two Harbors Investment during the second quarter valued at approximately $135,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Two Harbors Investment by 99.2% during the second quarter. BNP Paribas Arbitrage SA now owns 36,866 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 18,357 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Two Harbors Investment by 12.3% during the second quarter. Commonwealth Equity Services LLC now owns 94,564 shares of the real estate investment trust’s stock valued at $1,494,000 after purchasing an additional 10,350 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Two Harbors Investment by 110.1% during the second quarter. Wells Fargo & Company MN now owns 1,567,952 shares of the real estate investment trust’s stock valued at $24,774,000 after purchasing an additional 821,703 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Two Harbors Investment during the second quarter valued at approximately $2,038,000. Hedge funds and other institutional investors own 60.51% of the company’s stock.

In other news, CEO Thomas Siering acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $14.41 per share, for a total transaction of $50,435.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brad Farrell sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $14.28, for a total transaction of $57,120.00. The disclosure for this sale can be found here. 1.41% of the stock is owned by insiders.

Several equities analysts have recently issued reports on TWO shares. Zacks Investment Research upgraded shares of Two Harbors Investment from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine lowered shares of Two Harbors Investment from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. Barclays set a $17.00 target price on shares of Two Harbors Investment and gave the company a “buy” rating in a report on Friday, August 10th. JMP Securities lowered their target price on shares of Two Harbors Investment from $17.00 to $16.00 and set a “market outperform” rating for the company in a report on Thursday, November 15th. Finally, Raymond James started coverage on shares of Two Harbors Investment in a report on Thursday, October 11th. They set an “outperform” rating and a $16.50 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Two Harbors Investment has an average rating of “Buy” and a consensus price target of $16.25.

Shares of NYSE TWO opened at $14.43 on Friday. Two Harbors Investment Corp has a twelve month low of $13.85 and a twelve month high of $16.83. The company has a market capitalization of $3.51 billion, a P/E ratio of 6.94 and a beta of 0.31. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Two Harbors Investment had a net margin of 66.36% and a return on equity of 12.09%. The company had revenue of $84.30 million during the quarter, compared to analyst estimates of $82.10 million. During the same period in the previous year, the business earned $0.52 EPS. Sell-side analysts expect that Two Harbors Investment Corp will post 1.96 earnings per share for the current fiscal year.

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About Two Harbors Investment

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.

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Want to see what other hedge funds are holding TWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Two Harbors Investment Corp (NYSE:TWO).

Institutional Ownership by Quarter for Two Harbors Investment (NYSE:TWO)

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