Catchmark Timber Trust Inc (CTT) Stake Lessened by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 30.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,285 shares of the financial services provider’s stock after selling 6,715 shares during the period. Jane Street Group LLC’s holdings in Catchmark Timber Trust were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its position in shares of Catchmark Timber Trust by 10.9% during the third quarter. Vanguard Group Inc now owns 5,032,403 shares of the financial services provider’s stock valued at $57,520,000 after buying an additional 494,691 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Catchmark Timber Trust by 10.9% during the third quarter. Vanguard Group Inc. now owns 5,032,403 shares of the financial services provider’s stock valued at $57,520,000 after buying an additional 494,691 shares during the last quarter. BlackRock Inc. raised its position in shares of Catchmark Timber Trust by 0.7% during the fourth quarter. BlackRock Inc. now owns 3,927,777 shares of the financial services provider’s stock valued at $27,887,000 after buying an additional 26,778 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Catchmark Timber Trust by 4.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 3,553,264 shares of the financial services provider’s stock valued at $25,228,000 after buying an additional 161,852 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Catchmark Timber Trust by 18.1% during the third quarter. Renaissance Technologies LLC now owns 2,242,132 shares of the financial services provider’s stock valued at $25,628,000 after buying an additional 343,632 shares during the last quarter. Hedge funds and other institutional investors own 82.28% of the company’s stock.

Shares of CTT opened at $9.83 on Friday. Catchmark Timber Trust Inc has a fifty-two week low of $6.71 and a fifty-two week high of $13.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.49 and a current ratio of 1.49.

Catchmark Timber Trust (NYSE:CTT) last announced its quarterly earnings results on Friday, February 15th. The financial services provider reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.07). Catchmark Timber Trust had a negative return on equity of 30.18% and a negative net margin of 124.68%. The business had revenue of $22.93 million during the quarter, compared to the consensus estimate of $24.79 million. On average, equities analysts anticipate that Catchmark Timber Trust Inc will post -2.02 earnings per share for the current year.

CTT has been the topic of several research reports. Zacks Investment Research upgraded shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Tuesday, January 15th. Citigroup upgraded shares of Catchmark Timber Trust from a “neutral” rating to a “buy” rating in a research report on Monday, January 14th. Raymond James set a $11.00 price target on shares of Catchmark Timber Trust and gave the stock a “buy” rating in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada boosted their price target on shares of Catchmark Timber Trust from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.75.

In other Catchmark Timber Trust news, Director Donald S. Moss purchased 10,000 shares of Catchmark Timber Trust stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $9.52 per share, for a total transaction of $95,200.00. Following the completion of the transaction, the director now owns 57,224 shares of the company’s stock, valued at approximately $544,772.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

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Catchmark Timber Trust Company Profile

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

See Also: Cost of Equity

Institutional Ownership by Quarter for Catchmark Timber Trust (NYSE:CTT)

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