PHH Corp (NYSE:PHH) Board of Directors Declares Stock Repurchase Plan

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The stock rose 0.36% or $0.05 reaching $14 per share.

Pacific Alternative Asset Management Company Llc increased its stake in Phh Corp (PHH) by 129.18% based on its latest 2016Q4 regulatory filing with the SEC. The stock declined 0.52% or $0.67 reaching $127 on the news. About shares traded. PHH Corporation (PHH) has risen 6.41% since August 11, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

More notable recent PHH Corporation (NYSE:PHH) news were published by: Businesswire.com which released: "PHH Corporation Announces Second Quarter 2017 Results" on August 08, 2017, also Businesswire.com with their article: "PHH Corporation Announces Commencement of Tender Offer to Purchase up to $266 ..." published on August 11, 2017, Nj.com published: "NJ-based mortgage lender will reportedly cut 1800 jobs, report says" on August 10, 2017.

In other PHH Corp news, major shareholder Silver Point Capital L.P. sold 107,299 shares of the business's stock in a transaction on Friday, May 12th. Clear Harbor Asset Management LLC bought a new stake in PHH Corp during the first quarter worth approximately $139,000. The firm's market capitalization is $756.86 million. The stock was sold at an average price of $13.21, for a total value of $1,417,419.79.

About shares traded. PHH Corporation (NYSE:PHH) has risen 6.41% since August 11, 2016 and is uptrending. It has underperformed by 10.29% the S&P500.

Investors sentiment increased to 0.86 in Q4 2016. Its down 0.11, from 1.33 in 2016Q3. Tig Advisors Llc bought 392,904 shares as the company's stock 0.00%. 118 funds opened positions while 208 raised stakes. The New York-based Gabelli Funds Limited Com has invested 0.35% in St Jude Medical Inc (NYSE:STJ). 151,086 were accumulated by Credit Suisse Ag. Susquehanna International Gp Llp invested in 75,231 shares. Fiduciary invested in 0.04% or 11,566 shares. Schwab Charles Investment Mngmt has invested 0.01% in PHH Corporation (NYSE:PHH). Rbf Capital Ltd Limited Liability Company reported 60,000 shares or 0.13% of all its holdings. Tudor Corporation Et Al accumulated 40,885 shares. Parametric Portfolio Assocs Lc reported 0% in PHH Corporation (NYSE:PHH). 15,242 were accumulated by Pub Employees Retirement Association Of Colorado. The credit services provider reported ($0.81) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($1.31) by $0.50. Blackrock Fund Advsrs stated it has 0% in PHH Corporation (NYSE:PHH). Leavell Inv Management owns 7,378 shares.

Since May 10, 2017, it had 0 insider purchases, and 1 sale for $1.42 million activity. Equities analysts forecast that PHH Corp will post ($1.57) earnings per share for the current year. Therefore 40% are positive.

PHH has been the subject of a number of other reports. The company presently has a consensus rating of "Hold" and a consensus target price of $16.50. BMO Capital Markets maintained Deere & Company (NYSE:DE) rating on Monday, August 24. The firm has "Neutral" rating by Wedbush given on Tuesday, October 11.

04/12/2016 - PHH Corp was downgraded to "neutral" by analysts at Sterne Agee. Morgan Stanley maintained the stock with "Equal Weight" rating in Tuesday, August 11 report. On Tuesday, June 20 the stock rating was downgraded by Wedbush to "Neutral". As per Thursday, August 11, the company rating was downgraded by Keefe Bruyette & Woods.

04/12/2016 - PHH Corp had its "buy" rating reiterated by analysts at Compass Point. The stock has "Market Perform" rating by Wood on Thursday, August 11. On Monday, August 10 the stock rating was upgraded by KBW to "Outperform". One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. Mastercard Incorporated had 54 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Deutsche Bank with "Hold" on Wednesday, September 7.

ValuEngine cut shares of PHH Corp (NYSE:PHH) from a sell rating to a strong sell rating in a research note published on Tuesday, July 11th. The firm earned "Hold" rating on Friday, June 23 by RBC Capital Markets. Wood upgraded the stock to "Market Perform" rating in Monday, August 10 report.

Associated Banc-Corp decreased Mcdonalds Corp (NYSE:MCD) stake by 2,862 shares to 82,012 valued at $9.98 million in 2016Q4.

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