Allspring Global Investments LLC has recently announced that it has increased stake in Two Harbors Investment Corp (NYSE:TWO) by 0.19%. After grabbing 5.09 million shares, the institutional investor is now in possession of 9501.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 5.29% having worth around $59.09 million. Moreover, Massachusetts Financial Services increased its share by 26801.0 to have a control over 2.23 million shares. And Geode Capital Management LLC raised its holdings to 78433.0 shares by acquiring 2.0 million shares or 2.08% of the stake.
Two Harbors Investment Corp (TWO) concluded trading on 12/13/23 at a closing price of $14.18, with 4.51 million shares of worth about $63.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.72% during that period and on Wednesday the price saw a gain of about 2.83%. Currently the company’s common shares owned by public are about 96.19M shares, out of which, 95.38M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the TWO stock and their offered price forecasts bring an average price target of $13.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $11.00. The stock’s current price level is -2.31% below of average price target set by the analysts, while a dip to estimated low would result in loss of -28.91% for the stock. However, touching the estimated high of $17.00 would mean a gain of 16.59% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 231,046 shares in 14 of the transactions. In 24 selling transactions, insiders dumped 69,686 shares.
iShares Core S&P Small Cap ETF, Allspring Special Small Cap Value, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Two Harbors Investment Corp iShares Core S&P Small Cap ETF is currently holding 6.49 million shares of worth totaling $75.36 million. The company recently came selling 1132.0 shares which brought its stake up to 6.75% of the company’s outstanding shares. Allspring Special Small Cap Value bought 51700.0 shares, after which its hold over company’s outstanding shares expand to 4.39%, leaving 4.22 million shares with the mutual fund that have a worth of about $49.02 million. Vanguard Total Stock Market ETF, after buying 2.96 million shares, have now control over 3.08% of the stake in the company. It holds 12266.0 shares of worth $34.34 million.
Two Harbors Investment Corp (NYSE: TWO) started trading at $13.94, above $0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 14.32, or with a gain of 2.83%. Stock saw a price change of 3.58% in past 5 days and over the past one month there was a price change of 8.91%. Year-to-date (YTD), TWO shares are showing a performance of -10.08% which decreased to -12.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.83 but also hit the highest price of $18.67 during that period. The average intraday trading volume for Two Harbors Investment Corp shares is 1.17 million. The stock is currently trading 2.84% above its 20-day simple moving average (SMA20), while that difference is up 12.29% for SMA50 and it goes to 6.57% higher than SMA200.
Allspring Global Investments LLC acquired 5.09 million shares of Two Harbors Investment Corp having value of about $59.09 million. Data submitted at the U.S SEC by Allspring Global Investments LLC revealed that the firm now holds 9501.0 shares in the company valued at close to $134724.18, or have control over 0.19% stake in the company. Two Harbors Investment Corp (NYSE: TWO) currently have 96.19M outstanding shares and institutions hold larger chunk of about 65.12% of that. Holding of mutual funds in the company is about 19.41% while other institutional holders and individual stake holders have control over 45.87% and 0.88% of the stake respectively.
The stock has a current market capitalization of $1.36B and its 3Y-monthly beta is at 1.88. It has posted earnings per share of -$0.53 in the same period. It has a debt-to-equity ratio of 5.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TWO, volatility over the week remained 2.13% while standing at 1.81% over the month.
Analysts are in expectations that Two Harbors Investment Corp (TWO) stock would likely to be making an EPS of $0.33 in the current quarter, while forecast for next quarter EPS is $0.39 and it is $1.56 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -70.60% while it is estimated to increase by 136.30% in next year. EPS is likely to grow at an annualized rate of 3.33% for next 5-years, compared to annual growth of -23.16% made by the stock over the past 5-years.
Analysts at 8 brokerage firms have issued recommendations for the Two Harbors Investment Corp (TWO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 8 Wall Street analysts, 2 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 06, 2023 offering a Neutral rating for the stock and assigned a target price of $14.50 to it.
