Piermont Capital Management Raised Its Prestige Brands Holdings (PBH) Position, Cherry Hill Mortgage Investment (CHMI)’s Sentiment Is 0.84

July 17, 2017 - By Richard Conner

Piermont Capital Management Llc increased Prestige Brands Holdings Inc. (PBH) stake by 25.57% reported in 2016Q4 SEC filing. Piermont Capital Management Llc acquired 6,710 shares as Prestige Brands Holdings Inc. (PBH)’s stock declined 12.04%. The Piermont Capital Management Llc holds 32,950 shares with $1.72 million value, up from 26,240 last quarter. Prestige Brands Holdings Inc. now has $2.77 billion valuation. The stock declined 0.06% or $0.03 reaching $51.72 on the news. About 226,847 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since July 17, 2016 and is downtrending. It has underperformed by 25.27% the S&P500.

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The company has market cap of $242.34 million. The Firm is focused on acquiring, investing in and managing residential mortgage assets in the United States. It has a 2.66 P/E ratio. The Company’s principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

Piermont Capital Management Llc decreased Homestreet Inc. (NASDAQ:HMST) stake by 10,490 shares to 166,527 valued at $5.26M in 2016Q4. It also reduced American Eagle Outfitters Inc (NYSE:AEO) stake by 183,650 shares and now owns 59,339 shares. Itt Corporation was reduced too.

Investors sentiment decreased to 0.74 in Q4 2016. Its down 0.21, from 0.95 in 2016Q3. It worsened, as 25 investors sold PBH shares while 97 reduced holdings. 27 funds opened positions while 63 raised stakes. 51.20 million shares or 0.24% less from 51.32 million shares in 2016Q3 were reported. Quantbot Techs L P, a New York-based fund reported 9,074 shares. State Board Of Administration Of Florida Retirement Systems owns 33,698 shares. Jennison Assocs Llc, a New York-based fund reported 356,363 shares. Ngam Advsrs LP reported 68,615 shares. Oxford Asset Mgmt holds 0.31% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH) for 117,970 shares. Moreover, Wells Fargo & Mn has 0% invested in Prestige Brands Holdings, Inc. (NYSE:PBH) for 249,783 shares. New York State Common Retirement Fund has 146,789 shares for 0.01% of their portfolio. Parametrica Management Limited stated it has 20,036 shares or 1.03% of all its holdings. Yorktown Mngmt & Research Incorporated stated it has 5,000 shares. Assetmark Inc reported 3 shares or 0% of all its holdings. Morgan Stanley invested 0% of its portfolio in Prestige Brands Holdings, Inc. (NYSE:PBH). Tudor Et Al has invested 0.01% in Prestige Brands Holdings, Inc. (NYSE:PBH). Renaissance Tech Lc holds 391,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 1,875 shares. Amer Century Companies Incorporated invested in 125,341 shares.

Among 7 analysts covering Prestige Brands Holdings (NYSE:PBH), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Prestige Brands Holdings had 12 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Jefferies on Monday, November 30. Gabelli initiated Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Thursday, November 17. Gabelli has “Buy” rating and $65 target. The firm has “Hold” rating given on Tuesday, August 11 by Zacks. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) earned “Hold” rating by Jefferies on Friday, June 2. The stock has “Hold” rating by Jefferies on Wednesday, August 12. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Outperform” rating given on Monday, May 22 by Raymond James. On Friday, August 12 the stock rating was upgraded by Sidoti to “Buy”. B. Riley & Co maintained Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Tuesday, December 27. B. Riley & Co has “Buy” rating and $77 target. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) has “Overweight” rating given on Friday, February 5 by Piper Jaffray.

Since January 1, 0001, it had 3 insider buys, and 0 insider sales for $61,835 activity.

About 69,386 shares traded. Cherry Hill Mortgage Investment Corp (CHMI) has risen 20.72% since July 17, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.

Analysts await Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to report earnings on August, 8. They expect $0.50 EPS, down 5.66% or $0.03 from last year’s $0.53 per share. CHMI’s profit will be $6.39 million for 9.48 P/E if the $0.50 EPS becomes a reality. After $0.63 actual EPS reported by Cherry Hill Mortgage Investment Corp for the previous quarter, Wall Street now forecasts -20.63% negative EPS growth.

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