Phh Corp (PHH) Stock Rose While Alpine Associates Management INC Has Cut Holding

September 30, 2018 - By Richard Slagle

Investors sentiment increased to 1.15 in Q2 2018. Its up 0.17, from 0.98 in 2018Q1. It increased, as 13 investors sold PHH shares while 33 reduced holdings. 21 funds opened positions while 32 raised stakes. 25.07 million shares or 1.34% less from 25.41 million shares in 2018Q1 were reported. Schwerin Boyle Capital Management Inc stated it has 0.05% of its portfolio in PHH Corporation (NYSE:PHH). Employees Retirement Systems Of Ohio, Ohio-based fund reported 325,980 shares. Loring Wolcott And Coolidge Fiduciary Llp Ma has invested 0% in PHH Corporation (NYSE:PHH). Balyasny Asset Mngmt Limited Com reported 18,350 shares. Manufacturers Life Insur The has invested 0% in PHH Corporation (NYSE:PHH). Price T Rowe Assocs Inc Md holds 0% of its portfolio in PHH Corporation (NYSE:PHH) for 30,568 shares. Credit Suisse Ag owns 0% invested in PHH Corporation (NYSE:PHH) for 61,932 shares. Aperio Group Inc Ltd Liability reported 0% in PHH Corporation (NYSE:PHH). Tokio Marine Asset invested in 0.33% or 167,523 shares. The United Kingdom-based Omni Ltd Liability Partnership has invested 0.08% in PHH Corporation (NYSE:PHH). State Board Of Administration Of Florida Retirement has invested 0% in PHH Corporation (NYSE:PHH). Menta Ltd Com holds 0.09% or 36,753 shares in its portfolio. Barrow Hanley Mewhinney & Strauss Limited Liability, Texas-based fund reported 108,644 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 3,433 shares. International Grp holds 0% or 21,199 shares.

Alpine Associates Management Inc decreased its stake in Phh Corp (PHH) by 71.34% based on its latest 2018Q2 regulatory filing with the SEC. Alpine Associates Management Inc sold 619,519 shares as the company’s stock rose 0.46% with the market. The hedge fund held 248,856 shares of the diversified financial services company at the end of 2018Q2, valued at $2.70 million, down from 868,375 at the end of the previous reported quarter. Alpine Associates Management Inc who had been investing in Phh Corp for a number of months, seems to be less bullish one the $358.07M market cap company. The stock increased 2.23% or $0.24 during the last trading session, reaching $10.99. About 1.39M shares traded or 1076.55% up from the average. PHH Corporation (NYSE:PHH) has declined 17.42% since September 30, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.

Alpine Associates Management Inc, which manages about $3.91 billion and $3.22B US Long portfolio, upped its stake in Akorn Inc (NASDAQ:AKRX) by 371,624 shares to 859,224 shares, valued at $15.06M in 2018Q2, according to the filing. It also increased its holding in Ggp Inc by 1.31M shares in the quarter, for a total of 3.14 million shares, and has risen its stake in Express Scripts Hldg Co (NASDAQ:ESRX).

PHH Corporation (NYSE:PHH) Institutional Positions Chart

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