EPS for Redwood Trust, Inc. (RWT) Expected At $0.34; Tobam Raised Its Cms Energy (CMS) Position

October 13, 2017 - By Peter Erickson

Tobam increased Cms Energy Corp (CMS) stake by 75.67% reported in 2017Q2 SEC filing. Tobam acquired 90,494 shares as Cms Energy Corp (CMS)’s stock rose 6.55%. The Tobam holds 210,081 shares with $9.72M value, up from 119,587 last quarter. Cms Energy Corp now has $13.41 billion valuation. The stock declined 0.36% or $0.17 reaching $47.54 on the news. About 667,907 shares traded. CMS Energy Corporation (NYSE:CMS) has risen 12.78% since October 13, 2016 and is uptrending. It has underperformed by 3.92% the S&P500.

Analysts expect Redwood Trust, Inc. (NYSE:RWT) to report $0.34 EPS on November, 6.They anticipate $0.24 EPS change or 41.38% from last quarter’s $0.58 EPS. RWT’s profit would be $26.15M giving it 12.24 P/E if the $0.34 EPS is correct. After having $0.35 EPS previously, Redwood Trust, Inc.’s analysts see -2.86% EPS growth. About 130,085 shares traded. Redwood Trust, Inc. (NYSE:RWT) has risen 20.96% since October 13, 2016 and is uptrending. It has outperformed by 4.26% the S&P500.

Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.08, from 1.14 in 2017Q1. It increased, as 37 investors sold CMS shares while 135 reduced holdings. 50 funds opened positions while 160 raised stakes. 241.71 million shares or 1.91% more from 237.19 million shares in 2017Q1 were reported. Riverhead Capital Mgmt Limited Liability holds 0.09% or 41,128 shares in its portfolio. Ontario Teachers Pension Plan Board accumulated 219,025 shares. Apg Asset Nv, a Netherlands-based fund reported 359,350 shares. Caisse De Depot Et Placement Du Quebec accumulated 485,967 shares. 1.87 million were reported by National Bank Of America Corporation De. Alaska-based State Of Alaska Department Of Revenue has invested 0.14% in CMS Energy Corporation (NYSE:CMS). Balyasny Asset Management Limited owns 0.18% invested in CMS Energy Corporation (NYSE:CMS) for 947,970 shares. Rothschild Asset Management invested in 0.18% or 344,787 shares. 59,787 are owned by Boston Advsrs Limited Liability Co. Bruce & invested 5.69% of its portfolio in CMS Energy Corporation (NYSE:CMS). 532 are owned by Mufg Americas Hldg Corp. Chevy Chase Holding Incorporated holds 243,345 shares or 0.05% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 20,836 shares or 0.01% of all its holdings. Monroe National Bank & Trust & Tru Mi invested in 0.01% or 500 shares. Ontario – Canada-based Cibc Asset has invested 0.01% in CMS Energy Corporation (NYSE:CMS).

Tobam decreased Netflix Inc (NASDAQ:NFLX) stake by 144,566 shares to 145,614 valued at $21.76 million in 2017Q2. It also reduced Nvidia Corp (NASDAQ:NVDA) stake by 148,239 shares and now owns 309,682 shares. Open Text Corp (NASDAQ:OTEX) was reduced too.

Among 12 analysts covering CMS Energy Corporation (NYSE:CMS), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. CMS Energy Corporation had 22 analyst reports since August 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained CMS Energy Corporation (NYSE:CMS) on Sunday, September 10 with “Hold” rating. The company was initiated on Friday, July 15 by Howard Weil. Suntrust Robinson maintained CMS Energy Corporation (NYSE:CMS) on Monday, August 29 with “Neutral” rating. SunTrust maintained the shares of CMS in report on Monday, September 26 with “Neutral” rating. The rating was downgraded by UBS to “Neutral” on Monday, October 26. The firm has “Neutral” rating given on Monday, October 19 by Suntrust Robinson. The firm earned “Sector Perform” rating on Friday, July 15 by Scotia Capital. On Wednesday, January 25 the stock rating was initiated by Credit Suisse with “Neutral”. As per Monday, October 19, the company rating was maintained by SunTrust. As per Friday, September 8, the company rating was maintained by Morgan Stanley.

Since May 1, 2017, it had 1 buying transaction, and 3 insider sales for $115,411 activity. Shares for $28,943 were sold by BAUM RICHARD on Monday, May 22. Stone Andrew P sold $64,305 worth of stock or 3,730 shares. Pallotta Karen R had bought 3,027 shares worth $50,036 on Monday, May 22. Byerwalter Mariann H had sold 4,381 shares worth $72,199.

Investors sentiment increased to 1.05 in 2017 Q2. Its up 0.06, from 0.99 in 2017Q1. It is positive, as 11 investors sold Redwood Trust, Inc. shares while 45 reduced holdings. 14 funds opened positions while 45 raised stakes. 63.30 million shares or 0.80% less from 63.81 million shares in 2017Q1 were reported. Putnam Investments Ltd Llc accumulated 199,975 shares or 0.01% of the stock. Invesco Limited holds 0% or 264,734 shares in its portfolio. Wealthtrust stated it has 108 shares. Barclays Public Ltd invested in 8,756 shares. Rhumbline Advisers has invested 0% in Redwood Trust, Inc. (NYSE:RWT). Lpl Fincl invested 0% of its portfolio in Redwood Trust, Inc. (NYSE:RWT). Independent Portfolio Consultants reported 0.17% of its portfolio in Redwood Trust, Inc. (NYSE:RWT). Mcf Advsrs Lc owns 91 shares or 0% of their US portfolio. Parnassus Invests Ca reported 1.10M shares or 0.08% of all its holdings. Tortoise Limited owns 200 shares or 0% of their US portfolio. State Of New Jersey Common Pension Fund D has invested 0.01% in Redwood Trust, Inc. (NYSE:RWT). 10 accumulated 17,625 shares. Creative Planning reported 0% stake. Bankshares Of America De reported 259,321 shares. Arlington Cap Incorporated holds 134,693 shares.

Redwood Trust, Inc., through its subsidiaries, focuses on investing in mortgage and other real estate related assets. The company has market cap of $1.28 billion. The Firm is engaged in mortgage banking activities. It has a 10.24 P/E ratio. The Firm operates through three divisions: Residential Investments, Residential Mortgage Banking and Commercial.

Among 6 analysts covering Redwood Trust (NYSE:RWT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Redwood Trust had 10 analyst reports since August 10, 2015 according to SRatingsIntel. Nomura upgraded Redwood Trust, Inc. (NYSE:RWT) on Wednesday, May 18 to “Buy” rating. The firm has “Neutral” rating given on Tuesday, November 24 by Nomura. The company was maintained on Monday, March 14 by Deutsche Bank. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, June 28. Wood downgraded Redwood Trust, Inc. (NYSE:RWT) rating on Tuesday, July 19. Wood has “Market Perform” rating and $14.50 target. Maxim Group maintained Redwood Trust, Inc. (NYSE:RWT) rating on Monday, November 16. Maxim Group has “Buy” rating and $20 target.

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