Huber Capital Management LLC trimmed its position in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791,813 shares of the financial services provider’s stock after selling 62,021 shares during the period. Huber Capital Management LLC owned 1.82% of Catchmark Timber Trust worth $10,397,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Catchmark Timber Trust in the 4th quarter valued at $104,000. Stelac Advisory Services LLC bought a new stake in Catchmark Timber Trust in the 3rd quarter valued at $106,000. SeaCrest Wealth Management LLC bought a new stake in Catchmark Timber Trust in the 4th quarter valued at $117,000. Stockman Wealth Management Inc. bought a new stake in Catchmark Timber Trust in the 4th quarter valued at $144,000. Finally, Sowell Financial Services LLC bought a new stake in Catchmark Timber Trust in the 3rd quarter valued at $149,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.
Catchmark Timber Trust Inc (NYSE:CTT) traded down $1.01 during mid-day trading on Wednesday, hitting $12.60. 3,828,805 shares of the company were exchanged, compared to its average volume of 320,097. Catchmark Timber Trust Inc has a 52-week low of $10.63 and a 52-week high of $13.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $591.68, a PE ratio of -38.18 and a beta of 0.62.
CTT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Raymond James Financial reissued a “buy” rating on shares of Catchmark Timber Trust in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.75.
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About Catchmark Timber Trust
CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.
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