Two Harbors Investments Target of Unusually Large Options Trading (NYSE:TWO)

Two Harbors Investments Corp (NYSE:TWO) was the target of unusually large options trading on Wednesday. Stock investors acquired 4,294 call options on the stock. This is an increase of approximately 731% compared to the typical volume of 517 call options.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Two Harbors Investments in a research note on Monday. Wall Street Zen raised shares of Two Harbors Investments from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. lifted their price target on Two Harbors Investments from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. UBS Group cut their price objective on Two Harbors Investments from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Finally, Zacks Research upgraded Two Harbors Investments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.96.

Two Harbors Investments Stock Performance

Two Harbors Investments stock traded up $1.17 during midday trading on Wednesday, hitting $11.08. 9,510,961 shares of the company were exchanged, compared to its average volume of 1,699,007. The business has a fifty day simple moving average of $9.82 and a two-hundred day simple moving average of $10.07. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $1.15 billion, a PE ratio of -4.44 and a beta of 1.20. Two Harbors Investments has a fifty-two week low of $9.30 and a fifty-two week high of $14.28.

Two Harbors Investments (NYSE:TWO) last issued its quarterly earnings data on Monday, March 7th. The real estate investment trust reported $0.24 EPS for the quarter. Two Harbors Investments had a negative net margin of 44.10% and a positive return on equity of 11.92%. The business had revenue of ($18.67) million for the quarter. On average, sell-side analysts forecast that Two Harbors Investments will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Two Harbors Investments

Hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in Two Harbors Investments by 36.7% in the 1st quarter. LPL Financial LLC now owns 161,247 shares of the real estate investment trust’s stock worth $2,154,000 after buying an additional 43,253 shares during the last quarter. Nuveen LLC purchased a new position in shares of Two Harbors Investments in the first quarter valued at approximately $3,344,000. HighTower Advisors LLC acquired a new stake in shares of Two Harbors Investments in the first quarter worth approximately $184,000. Fox Run Management L.L.C. acquired a new position in Two Harbors Investments in the 1st quarter valued at $326,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Two Harbors Investments by 233.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 4,552 shares in the last quarter. Hedge funds and other institutional investors own 64.19% of the company’s stock.

About Two Harbors Investments

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.