Ebix (EBIX) Shares Declined While Hancock Holding Company Decreased Its Position by $1.30 Million; As Phh (PHH) Stock Value Rose, Shareholder Bogle Investment Management LP Has Cut Stake

February 15, 2018 - By Clifton Ray

Bogle Investment Management Lp decreased its stake in Phh Corp (PHH) by 73.73% based on its latest 2017Q3 regulatory filing with the SEC. Bogle Investment Management Lp sold 49,948 shares as the company’s stock rose 10.02% with the market. The institutional investor held 17,801 shares of the diversified financial services company at the end of 2017Q3, valued at $247,000, down from 67,749 at the end of the previous reported quarter. Bogle Investment Management Lp who had been investing in Phh Corp for a number of months, seems to be less bullish one the $278.93 million market cap company. The stock increased 0.23% or $0.02 during the last trading session, reaching $8.57. About 106,399 shares traded. PHH Corporation (NYSE:PHH) has risen 6.41% since February 15, 2017 and is uptrending. It has underperformed by 10.29% the S&P500.

Hancock Holding Company decreased its stake in Ebix Incorporated (EBIX) by 12.71% based on its latest 2017Q3 regulatory filing with the SEC. Hancock Holding Company sold 20,000 shares as the company’s stock declined 7.33% while stock markets rallied. The institutional investor held 137,410 shares of the technology company at the end of 2017Q3, valued at $8.97M, down from 157,410 at the end of the previous reported quarter. Hancock Holding Company who had been investing in Ebix Incorporated for a number of months, seems to be less bullish one the $2.68B market cap company. The stock increased 1.49% or $1.25 during the last trading session, reaching $85.1. About 57,215 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 21.95% since February 15, 2017 and is uptrending. It has outperformed by 5.25% the S&P500.

Hancock Holding Company, which manages about $2.36 billion US Long portfolio, upped its stake in Tech Data Corp (NASDAQ:TECD) by 125,175 shares to 288,601 shares, valued at $25.64M in 2017Q3, according to the filing. It also increased its holding in Wal Mart Stores Inc (NYSE:WMT) by 33,375 shares in the quarter, for a total of 41,594 shares, and has risen its stake in Wyndham Worldwide Corp Com (NYSE:WYN).

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.14, from 1.09 in 2017Q2. It increased, as 23 investors sold EBIX shares while 42 reduced holdings. 27 funds opened positions while 53 raised stakes. 19.27 million shares or 1.10% less from 19.48 million shares in 2017Q2 were reported. Metropolitan Life Company New York accumulated 16,965 shares or 0.01% of the stock. Piedmont Investment Advisors reported 0.03% in Ebix, Inc. (NASDAQ:EBIX). State Teachers Retirement Sys accumulated 0.01% or 32,309 shares. Symmetry Peak Ltd Liability reported 2,500 shares. Hap Trading Ltd Liability Corporation holds 0.08% or 26,575 shares. Sector Pension Investment Board has invested 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Renaissance Group Inc Ltd Liability Com holds 6,197 shares. Kbc Nv invested 0.01% in Ebix, Inc. (NASDAQ:EBIX). Cornerstone Holding Limited Co holds 0.02% of its portfolio in Ebix, Inc. (NASDAQ:EBIX) for 35,200 shares. Solaris Asset Management Lc has 4,305 shares. American Int Group Inc Inc invested 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Moreover, Parkside Fincl Comml Bank has 0.01% invested in Ebix, Inc. (NASDAQ:EBIX). Ellington Limited Com accumulated 4,100 shares. Tiaa Cref Invest Ltd Co has 0% invested in Ebix, Inc. (NASDAQ:EBIX). Northern Trust Corporation invested in 0.01% or 454,102 shares.

Among 2 analysts covering Ebix (NASDAQ:EBIX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ebix had 4 analyst reports since August 11, 2015 according to SRatingsIntel. As per Thursday, November 9, the company rating was maintained by Craig Hallum. The stock of Ebix, Inc. (NASDAQ:EBIX) earned “Hold” rating by Zacks on Tuesday, August 11. William Blair initiated the stock with “Buy” rating in Thursday, September 28 report.

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on February, 27. They expect $0.75 EPS, down 1.32% or $0.01 from last year’s $0.76 per share. EBIX’s profit will be $23.59M for 28.37 P/E if the $0.75 EPS becomes a reality. After $0.76 actual EPS reported by Ebix, Inc. for the previous quarter, Wall Street now forecasts -1.32% negative EPS growth.

Among 10 analysts covering PHH Corporation (NYSE:PHH), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. PHH Corporation had 17 analyst reports since August 7, 2015 according to SRatingsIntel. KBW upgraded PHH Corporation (NYSE:PHH) on Monday, August 10 to “Outperform” rating. The firm has “Buy” rating given on Wednesday, September 30 by Compass Point. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, September 11. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was upgraded by Wood to “Market Perform” on Monday, August 10. The firm earned “Market Perform” rating on Friday, August 7 by FBR Capital. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, November 10. The firm has “Neutral” rating by Wedbush given on Tuesday, June 20. The stock of PHH Corporation (NYSE:PHH) earned “Neutral” rating by Sterne Agee CRT on Tuesday, April 12. Wood downgraded the shares of PHH in report on Thursday, August 11 to “Market Perform” rating.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.18, from 1.1 in 2017Q2. It turned negative, as 21 investors sold PHH shares while 28 reduced holdings. 18 funds opened positions while 27 raised stakes. 30.18 million shares or 39.49% less from 49.87 million shares in 2017Q2 were reported. Symphony Asset Ltd Liability stated it has 0.03% in PHH Corporation (NYSE:PHH). Silver Point Capital LP reported 2.43 million shares. Schwab Charles Inv Management invested in 0% or 338,296 shares. Teacher Retirement System Of Texas invested 0% in PHH Corporation (NYSE:PHH). Pub Employees Retirement Association Of Colorado holds 15,242 shares. Dimensional Fund Advsrs Limited Partnership holds 3.92M shares or 0.02% of its portfolio. Meyer Handelman stated it has 0.04% of its portfolio in PHH Corporation (NYSE:PHH). Us State Bank De accumulated 1,143 shares or 0% of the stock. Credit Suisse Ag owns 76,937 shares. Goldentree Asset Mgmt Lp has invested 2.97% in PHH Corporation (NYSE:PHH). National Bank & Trust Of America De has 0% invested in PHH Corporation (NYSE:PHH) for 6,156 shares. New York-based Gabelli Advisers has invested 0.08% in PHH Corporation (NYSE:PHH). Rbf Cap Lc invested in 77,166 shares or 0.14% of the stock. Tudor Investment Corp Et Al holds 0.03% of its portfolio in PHH Corporation (NYSE:PHH) for 76,406 shares. Sg Americas Secs Limited Liability Corp reported 42,162 shares or 0.01% of all its holdings.

Since September 11, 2017, it had 0 insider purchases, and 5 selling transactions for $1.07 million activity. $126,027 worth of stock was sold by PIZZI CHARLES P on Monday, September 11. WETZEL CARROLL R also sold $299,250 worth of PHH Corporation (NYSE:PHH) on Monday, September 11. 38,508 shares were sold by EGAN JAMES O, worth $548,739 on Monday, September 11. Brown William F sold 8,000 shares worth $88,948.

Bogle Investment Management Lp, which manages about $2.60 billion and $1.47B US Long portfolio, upped its stake in Realogy Hldgs Corp Com (NYSE:RLGY) by 344,843 shares to 396,851 shares, valued at $13.08 million in 2017Q3, according to the filing. It also increased its holding in Essendant Inc by 63,253 shares in the quarter, for a total of 178,978 shares, and has risen its stake in Stone Energy Corp.

Analysts await PHH Corporation (NYSE:PHH) to report earnings on February, 21. They expect $-1.68 EPS, up 9.68% or $0.18 from last year’s $-1.86 per share. After $-1.10 actual EPS reported by PHH Corporation for the previous quarter, Wall Street now forecasts 52.73% negative EPS growth.

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