Advisors Asset Management Inc. Trims Position in Two Harbors Investments Corp $TWO

Advisors Asset Management Inc. decreased its position in shares of Two Harbors Investments Corp (NYSE:TWO) by 3.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 731,060 shares of the real estate investment trust’s stock after selling 23,340 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.70% of Two Harbors Investments worth $7,874,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CWM LLC lifted its position in shares of Two Harbors Investments by 68.4% in the first quarter. CWM LLC now owns 2,192 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 890 shares in the last quarter. AlphaQuest LLC raised its stake in Two Harbors Investments by 240.4% during the 2nd quarter. AlphaQuest LLC now owns 3,370 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,380 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Two Harbors Investments by 233.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 4,552 shares in the last quarter. Allworth Financial LP lifted its holdings in Two Harbors Investments by 25.0% in the 2nd quarter. Allworth Financial LP now owns 8,250 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,651 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in Two Harbors Investments in the 1st quarter worth approximately $140,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.

Two Harbors Investments Price Performance

Shares of Two Harbors Investments stock opened at $10.05 on Wednesday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -4.02 and a beta of 1.30. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.07 and a current ratio of 1.09. The stock has a 50 day moving average price of $9.74 and a 200-day moving average price of $10.21. Two Harbors Investments Corp has a one year low of $9.30 and a one year high of $14.28.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%.The company had revenue of ($18.67) million during the quarter. Equities analysts expect that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Two Harbors Investments from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Wall Street Zen upgraded shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. UBS Group dropped their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Two Harbors Investments in a research report on Wednesday, November 19th. Finally, Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.96.

Two Harbors Investments Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.