PHH Corp (NYSE:PHH) Sees Significantly Higher Trading Volume

Investors who are keeping close eye on the stock of PHH Corporation (NYSE:PHH) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 5.27 and sector's optimum level is 15.20.

(NYSE:PHH) shares saw heavy trading volume with 2,908K shares changing hands on Tuesday. Oppenheimer Holdings, Inc. set a $18.00 price target on shares of PHH Corp and gave the company a "buy" rating in a research report on Wednesday, January 4th.

PHH Corp (NYSE:PHH) last issued its earnings results on Tuesday, August 8th. ValuEngine downgraded PHH Corp from a "sell" rating to a "strong sell" rating in a research note on Thursday, May 25th.

PHH Corporation (PHH) has a market capitalization of 682.38 Million which suggests the company is a huge company further suggesting that the shares of PHH Corporation (PHH) are stable and safe compared to the lower market capitalization companies. The stock is trading at $13.30 a tad under the 50 day moving average which is $14.06 and just below the 200 day moving average of $13.45.

1 number of analysts have estimated the sales of the company for the quarter ending Nov 6, 2017- Nov 10, 2017, analysts estimated mean sale target of 30 million while high and low sale targets are estimated at 30 million and 30 million respectively. Analysts expect next quarter's EPS will be $-0.72 with next year's EPS projected to be $-1.28. Zacks Investment Research upgraded shares of PHH Corp from a "sell" rating to a "hold" rating in a report on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. During the same quarter in the previous year, the business earned ($0.08) EPS. The business's revenue for the quarter was down 42.9% on a year-over-year basis.

PHH Corp (PHH) now the company's industry has 12.28 P/E and the sector P/E is 16.36.

PHH Corp announced that its Board of Directors has approved a share buyback plan on Tuesday, August 8th that allows the company to repurchase $200.00 million in shares. The stock now has an average rating of "Hold" and a consensus target price of $15.60. This repurchase authorization authorizes the credit services provider to buy up to 26.9% of its stock through a dutch auction. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and worldwide copyright & trademark laws. The legal version of this news story can be accessed at The insider now holds 73,376 shares of PHH Corporation (PHH). The Company operates through two segments: Mortgage Production and Mortgage Servicing. The insider, SILVER POINT CAPITAL L.P., now holds 5.35 million shares of PHH. Squarepoint Ops LLC now controls 15,000 shares worth $207,000. The firm owned 509,928 shares of the credit services provider's stock after acquiring an additional 27,500 shares during the period.

These firms have modified their investment in PHH. Bayesian Capital Management LP purchased a new stake in shares of PHH Corp in the second quarter worth about $190,000. As of quarter end Point72 Asset Management, L.p. had disposed of 1,414,000 shares trimming its stake by 80.1%.

As of quarter end Schonfeld Strategic Advisors LLC had bought 52,310 shares growing its holdings by 286.1%. The institutional investor owned 11,880 shares of the company's stock at the end of the fourth quarter.

PHH Corporation (PHH) is a non-bank mortgage originator and servicer of the United States residential mortgage loans.

Like this


13 September 2017
TV reporter rescues 2 beached dolphins stranded after Irma
Sanders said a good Samaritan had brought the baby dolphin to the beach after finding it about a half block away. MSNBC reporter Kerry Sanders tried desperately to save a dolphin in Florida Monday after Hurricane Irma hit.

13 September 2017
Christian Bale looks unrecognisable for Dick Cheney role
He has been married to Sibi Blazic since 2000 and they have 2 children. Christian Bale is something of a shapeshifter. Bush before becoming the CEO of Halliburton.

13 September 2017
Liberty Property Trust (NYSE:LPT) Reaches a New Pinnacle
BidaskClub upgraded Essex Property Trust from a "buy" rating to a "strong-buy" rating in a report on Tuesday, June 20th. Schwab Charles Inv Incorporated holds 0.13% of its portfolio in Essex Property Trust Inc (NYSE:ESS) for 499,617 shares.

13 September 2017
Which Way Are Insiders Leaning With McKesson Corporation (NYSE:MCK)?
Its share price has risen 2.56% in three months and is down -0.98% for the last five trades. 9,372 are owned by Us Bancshares De. The company had a trading volume of 1,348,860 shares. (NNN) has declined 14.81% since September 12, 2016 and is downtrending.

13 September 2017
Plea expected in 1975 Lyon sisters murders
By reaching a plea agreement, Welch has avoided the death penalty, which would have been possible in a trial. The sentenced is to be served once he completes serving time in DE for an unrelated sexual assault.

13 September 2017
Itau Unibanco Holding SA (ITUB)
A number of analysts offered their Estimated Earnings analysis for Itau Unibanco Holding S.A. ( ITUB ) for the current quarter. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases.

13 September 2017
Hungary and Russian Federation lead criticism of Ukraine's new education law — Irish Times
It recalled that the law has sparked criticism from the Foreign Ministries of Hungary, Poland, Romania and Moldova's president. Hungary's foreign minister Peter Szijjarto said Monday that Ukraine "stabbed Hungary in the back" with the law.

13 September 2017
BidaskClub Upgrades Bonanza Creek Energy, Inc
BidaskClub lowered Bonanza Creek Energy from a sell rating to a strong sell rating in a research report on Monday, July 24th. It improved, as 55 investors sold TJX shares while 372 reduced holdings. 9 funds opened positions while 13 raised stakes.

12 September 2017
United Continental Holdings, Inc. (NYSE:UAL) Chalking Up Volume in Session
Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of each share. Envestnet Asset Mngmt holds 66,256 shares or 0.02% of its portfolio. 195,800 were accumulated by Comerica National Bank.

12 September 2017
Splunk Inc. (NASDAQ:SPLK) Short Interest decreased by -6.56% - Currently Trading Down
Eleven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock declined 0.59% or $0.4 reaching $67.81 on the news. 373,727 shares of the company's stock traded hands.