ABC Arbitrage SA Takes $6.51 Million Position in HarborOne Bancorp, Inc. $HONE

ABC Arbitrage SA acquired a new position in HarborOne Bancorp, Inc. (NASDAQ:HONE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 557,561 shares of the financial services provider’s stock, valued at approximately $6,512,000. ABC Arbitrage SA owned about 1.29% of HarborOne Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC lifted its stake in HarborOne Bancorp by 70.5% during the first quarter. Millennium Management LLC now owns 463,597 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 191,719 shares during the period. Credit Industriel ET Commercial bought a new position in HarborOne Bancorp in the second quarter valued at $3,878,000. Victory Capital Management Inc. grew its position in shares of HarborOne Bancorp by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 288,142 shares of the financial services provider’s stock valued at $2,988,000 after acquiring an additional 2,070 shares during the period. Nuveen LLC bought a new stake in shares of HarborOne Bancorp during the 1st quarter worth about $1,484,000. Finally, Empowered Funds LLC raised its position in shares of HarborOne Bancorp by 8.5% in the first quarter. Empowered Funds LLC now owns 134,279 shares of the financial services provider’s stock valued at $1,392,000 after buying an additional 10,523 shares in the last quarter. Institutional investors own 65.01% of the company’s stock.

HarborOne Bancorp Price Performance

HONE opened at $12.10 on Wednesday. The firm has a 50-day moving average price of $13.18 and a 200-day moving average price of $12.28. HarborOne Bancorp, Inc. has a twelve month low of $8.89 and a twelve month high of $14.29. The company has a market capitalization of $522.22 million, a price-to-earnings ratio of 18.62 and a beta of 0.61.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen upgraded HarborOne Bancorp to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of HarborOne Bancorp in a research note on Wednesday, October 8th. Finally, Piper Sandler boosted their price target on HarborOne Bancorp from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.00.

HarborOne Bancorp Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.