Philadelphia Financial Management Of San Francisco Boosted By $8.15 Million Its Pennymac Finl Svcs (PFSI) Position; Covanta Holding (CVA) Shorts Down By 11.79%

January 14, 2018 - By Marie Mckinney

Covanta Holding Corporation (NYSE:CVA) had a decrease of 11.79% in short interest. CVA’s SI was 12.43 million shares in January as released by FINRA. Its down 11.79% from 14.09M shares previously. With 997,500 avg volume, 13 days are for Covanta Holding Corporation (NYSE:CVA)’s short sellers to cover CVA’s short positions. The SI to Covanta Holding Corporation’s float is 10.87%. The stock increased 0.89% or $0.15 during the last trading session, reaching $16.95. About 687,265 shares traded. Covanta Holding Corporation (NYSE:CVA) has declined 13.10% since January 14, 2017 and is downtrending. It has underperformed by 29.80% the S&P500.

Philadelphia Financial Management Of San Francisco Llc increased Pennymac Finl Svcs Inc (PFSI) stake by 89.97% reported in 2017Q3 SEC filing. Philadelphia Financial Management Of San Francisco Llc acquired 479,422 shares as Pennymac Finl Svcs Inc (PFSI)’s stock declined 11.14%. The Philadelphia Financial Management Of San Francisco Llc holds 1.01 million shares with $18.02M value, up from 532,850 last quarter. Pennymac Finl Svcs Inc now has $1.80B valuation. The stock increased 2.86% or $0.65 during the last trading session, reaching $23.4. About 120,026 shares traded. PennyMac Financial Services, Inc. (NYSE:PFSI) has risen 22.47% since January 14, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Since August 1, 2017, it had 0 insider purchases, and 32 selling transactions for $5.41 million activity. Perotti Daniel Stanley sold $125,166 worth of stock. Another trade for 5,000 shares valued at $84,050 was sold by MCCALLION ANNE. $330,179 worth of stock was sold by Jones Doug on Friday, December 15. On Friday, December 29 SPECTOR DAVID sold $232,430 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) or 10,416 shares. $306,647 worth of stock was sold by Grogin Jeffrey on Thursday, August 31. Walker David M had sold 10,000 shares worth $225,858. Botein Matthew sold $237,928 worth of stock or 10,000 shares.

Among 10 analysts covering PennyMac Financial Services (NYSE:PFSI), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. PennyMac Financial Services had 27 analyst reports since December 10, 2015 according to SRatingsIntel. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) earned “Overweight” rating by Piper Jaffray on Friday, September 9. Piper Jaffray maintained the stock with “Buy” rating in Thursday, August 3 report. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) earned “Overweight” rating by Barclays Capital on Thursday, December 10. On Thursday, August 4 the stock rating was maintained by Citigroup with “Buy”. The stock of PennyMac Financial Services, Inc. (NYSE:PFSI) earned “Buy” rating by Piper Jaffray on Thursday, January 4. The company was downgraded on Wednesday, January 13 by Goldman Sachs. Keefe Bruyette & Woods maintained PennyMac Financial Services, Inc. (NYSE:PFSI) on Thursday, September 28 with “Buy” rating. As per Wednesday, September 28, the company rating was downgraded by Bank of America. Keefe Bruyette & Woods maintained PennyMac Financial Services, Inc. (NYSE:PFSI) rating on Friday, June 9. Keefe Bruyette & Woods has “Buy” rating and $2000 target. Compass Point downgraded the shares of PFSI in report on Wednesday, September 28 to “Neutral” rating.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.26, from 1.32 in 2017Q2. It is negative, as 13 investors sold PFSI shares while 22 reduced holdings. 12 funds opened positions while 25 raised stakes. 21.18 million shares or 4.21% more from 20.32 million shares in 2017Q2 were reported. Manufacturers Life Insurance Co The owns 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI) for 13,065 shares. Alliancebernstein LP stated it has 0% in PennyMac Financial Services, Inc. (NYSE:PFSI). Meeder Asset Management Inc holds 1,501 shares or 0% of its portfolio. Indexiq Advisors Limited Liability Corp reported 50,834 shares stake. Dimensional Fund Advisors Limited Partnership has 625,742 shares for 0% of their portfolio. Ubs Asset Americas Inc invested 0% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI). Boston Prns has 672,169 shares for 0.01% of their portfolio. Nordea Mgmt Ab stated it has 146,700 shares or 0.01% of all its holdings. Aqr Mgmt Lc holds 95,467 shares. Schwab Charles Invest Mgmt Incorporated holds 0% or 29,800 shares in its portfolio. International Grp has invested 0% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI). Par Cap accumulated 550,000 shares or 0.11% of the stock. Basswood Capital Mgmt has 1.60 million shares for 1.31% of their portfolio. Rhumbline Advisers stated it has 18,357 shares or 0% of all its holdings. Mangrove reported 716,835 shares stake.

Among 11 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Covanta had 47 analyst reports since October 8, 2015 according to SRatingsIntel. On Monday, July 31 the stock rating was upgraded by BMO Capital Markets to “Outperform”. As per Monday, November 7, the company rating was upgraded by Barclays Capital. Stifel Nicolaus maintained Covanta Holding Corporation (NYSE:CVA) rating on Thursday, July 6. Stifel Nicolaus has “Hold” rating and $15.5000 target. The stock of Covanta Holding Corporation (NYSE:CVA) earned “Outperform” rating by BMO Capital Markets on Monday, October 30. Credit Suisse initiated the shares of CVA in report on Friday, November 6 with “Neutral” rating. Wedbush maintained the stock with “Outperform” rating in Tuesday, December 29 report. Goldman Sachs upgraded the shares of CVA in report on Monday, January 8 to “Neutral” rating. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, February 18. The rating was initiated by Goldman Sachs on Friday, March 3 with “Sell”. Oppenheimer maintained Covanta Holding Corporation (NYSE:CVA) rating on Thursday, June 8. Oppenheimer has “Buy” rating and $2000 target.

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. The company has market cap of $2.21 billion. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. It currently has negative earnings. The firm disposes waste and generates electricity and/or steam; and sells metal recovered during the energy-from-waste process.

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By1 Marie Mckinney







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