Bank of New York Mellon Corp cut its stake in Hatteras Financial Corp. (NYSE:HTS) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 368,328 shares of the company’s stock after selling 22,280 shares during the period. Bank of New York Mellon Corp’s holdings in Hatteras Financial Corp. were worth $6,041,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its position in Hatteras Financial Corp. by 9.7% in the first quarter. IFP Advisors Inc now owns 7,257 shares of the company’s stock worth $104,000 after buying an additional 640 shares during the last quarter. BlackRock Inc. raised its position in Hatteras Financial Corp. by 66.0% in the first quarter. BlackRock Inc. now owns 9,207 shares of the company’s stock worth $131,000 after buying an additional 3,660 shares during the last quarter. Bank of Montreal Can bought a new position in Hatteras Financial Corp. during the second quarter worth $149,000. Nepsis Capital Management Inc. bought a new position in Hatteras Financial Corp. during the second quarter worth $322,000. Finally, Aperio Group LLC raised its position in Hatteras Financial Corp. by 4.4% in the first quarter. Aperio Group LLC now owns 23,756 shares of the company’s stock worth $340,000 after buying an additional 995 shares during the last quarter.
Shares of Hatteras Financial Corp. (NYSE:HTS) remained flat at $16.29 on Thursday. Hatteras Financial Corp. has a 52 week low of $10.54 and a 52 week high of $17.19. The firm has a 50 day moving average of $16.18 and a 200-day moving average of $14.63.
Separately, Zacks Investment Research raised Hatteras Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.68.
About Hatteras Financial Corp.
Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT) that invests in single-family residential mortgage real estate assets, such as mortgage-backed security (MBS), mortgage servicing right (MSR), residential mortgage loans and other financial assets. MBS are pass-through securities consisting of a pool of mortgage loans.
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