Two Sigma Advisers LP Acquires 15,400 Shares of CatchMark Timber Trust (CTT)

Two Sigma Advisers LP lifted its holdings in shares of CatchMark Timber Trust (NYSE:CTT) by 94.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,749 shares of the financial services provider’s stock after buying an additional 15,400 shares during the period. Two Sigma Advisers LP owned approximately 0.07% of CatchMark Timber Trust worth $417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in CatchMark Timber Trust by 4.4% during the third quarter. Wells Fargo & Company MN now owns 395,181 shares of the financial services provider’s stock worth $4,983,000 after purchasing an additional 16,800 shares in the last quarter. Stifel Financial Corp raised its holdings in CatchMark Timber Trust by 21.7% during the third quarter. Stifel Financial Corp now owns 41,215 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 7,342 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in CatchMark Timber Trust by 26.8% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 389,961 shares of the financial services provider’s stock worth $5,120,000 after purchasing an additional 82,342 shares in the last quarter. North Star Investment Management Corp. raised its holdings in CatchMark Timber Trust by 24.0% during the fourth quarter. North Star Investment Management Corp. now owns 87,900 shares of the financial services provider’s stock worth $1,154,000 after purchasing an additional 17,000 shares in the last quarter. Finally, BLB&B Advisors LLC raised its holdings in CatchMark Timber Trust by 29.8% during the fourth quarter. BLB&B Advisors LLC now owns 39,240 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

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Shares of CatchMark Timber Trust stock opened at $12.90 on Friday. CatchMark Timber Trust has a 12-month low of $10.81 and a 12-month high of $13.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $570.42, a price-to-earnings ratio of -37.94 and a beta of 0.64.

CatchMark Timber Trust (NYSE:CTT) last issued its earnings results on Thursday, February 15th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). CatchMark Timber Trust had a negative net margin of 14.80% and a negative return on equity of 3.61%. The company had revenue of $22.72 million during the quarter, compared to analysts’ expectations of $22.70 million. sell-side analysts predict that CatchMark Timber Trust will post -0.28 earnings per share for the current year.

Several research analysts recently issued reports on CTT shares. Zacks Investment Research cut shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus increased their price target on shares of CatchMark Timber Trust from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.00.

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About CatchMark Timber Trust

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 520,800 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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

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