PHH Corp 2017 Q4 Institutional Investor Sentiment Worse Than Expected

May 17, 2018 - By Bradley Stiles

Sentiment for PHH Corp (NYSE:PHH)

PHH Corp (NYSE:PHH) institutional sentiment decreased to 0.8 in 2017 Q4. Its down -0.12, from 0.92 in 2017Q3. The ratio dived, as 44 funds increased or started new holdings, while 55 cut down and sold their positions in PHH Corp. The funds in our partner’s database reported: 30.80 million shares, up from 30.18 million shares in 2017Q3. Also, the number of funds holding PHH Corp in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 13 Reduced: 42 Increased: 23 New Position: 21.

PHH Corporation, through its subsidiaries, provides outsourced mortgage banking services to financial institutions and real estate brokers in the United States. The company has market cap of $350.64 million. The firm operates through two divisions, Mortgage Production and Mortgage Servicing. It currently has negative earnings. The Mortgage Production segment provides private label mortgage services to financial institutions and real estate brokers; and originates and sells mortgage loans.

The stock increased 0.19% or $0.02 during the last trading session, reaching $10.77. About 78,478 shares traded. PHH Corporation (NYSE:PHH) has declined 15.14% since May 17, 2017 and is downtrending. It has underperformed by 26.69% the S&P500.

Analysts await PHH Corporation (NYSE:PHH) to report earnings on August, 14. They expect $-1.14 EPS, down 40.74 % or $0.33 from last year’s $-0.81 per share. After $-1.10 actual EPS reported by PHH Corporation for the previous quarter, Wall Street now forecasts 3.64 % negative EPS growth.

Silver Point Capital L.P. holds 1.87% of its portfolio in PHH Corporation for 1.76 million shares. Goldentree Asset Management Lp owns 436,202 shares or 0.49% of their US portfolio. Moreover, Hutchin Hill Capital Lp has 0.34% invested in the company for 119,718 shares. The California-based Menta Capital Llc has invested 0.27% in the stock. Rbf Capital Llc, a California-based fund reported 74,626 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $97,578 activity.

More notable recent PHH Corporation (NYSE:PHH) news were published by: Fool.com which released: “The Simple Thing That Made Ocwen Shareholders Happy” on May 03, 2018, also Seekingalpha.com with their article: “Ocwen: Rumors Swirl On CEO Departure” published on April 24, 2018, Businesswire.com published: “PHH Corporation Announces First Quarter 2018 Earnings Release Date” on April 24, 2018. More interesting news about PHH Corporation (NYSE:PHH) were released by: Globenewswire.com and their article: “Ocwen Financial Corporation Names Glen Messina President and Chief Executive Officer” published on April 19, 2018 as well as Globenewswire.com‘s news article titled: “Recent Analysis Shows PHH, Stanley Black & Decker, Invacare, Ophthotech, Party City Holdco, and Hyatt Hotels …” with publication date: May 14, 2018.

PHH Corporation (NYSE:PHH) Institutional Positions Chart

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