Russell Investments Group Ltd. Cuts Stake in CatchMark Timber Trust, Inc. (CTT)

Russell Investments Group Ltd. reduced its position in shares of CatchMark Timber Trust, Inc. (NYSE:CTT) by 67.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,655 shares of the financial services provider’s stock after selling 109,204 shares during the period. Russell Investments Group Ltd. owned 0.13% of CatchMark Timber Trust worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Granite Investment Partners LLC bought a new stake in shares of CatchMark Timber Trust during the first quarter worth about $1,648,000. Dalton Greiner Hartman Maher & Co. increased its stake in CatchMark Timber Trust by 40.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 319,918 shares of the financial services provider’s stock valued at $3,685,000 after buying an additional 92,270 shares during the period. BLB&B Advisors LLC increased its stake in CatchMark Timber Trust by 12.7% in the first quarter. BLB&B Advisors LLC now owns 24,240 shares of the financial services provider’s stock valued at $279,000 after buying an additional 2,740 shares during the period. UBS Asset Management Americas Inc. increased its stake in CatchMark Timber Trust by 6.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,600 shares of the financial services provider’s stock valued at $153,000 after buying an additional 882 shares during the period. Finally, Guggenheim Capital LLC increased its stake in CatchMark Timber Trust by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 40,027 shares of the financial services provider’s stock valued at $450,000 after buying an additional 2,339 shares during the period. 69.67% of the stock is owned by hedge funds and other institutional investors.

CatchMark Timber Trust, Inc. (CTT) traded down 1.72% during midday trading on Friday, hitting $11.46. The company had a trading volume of 60,950 shares. The firm has a 50-day moving average price of $11.49 and a 200-day moving average price of $11.25. CatchMark Timber Trust, Inc. has a 12 month low of $10.05 and a 12 month high of $12.58. The company’s market cap is $444.76 million.

CatchMark Timber Trust (NYSE:CTT) last released its earnings results on Thursday, May 4th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The company had revenue of $23.13 million during the quarter, compared to analyst estimates of $25.51 million. CatchMark Timber Trust had a negative return on equity of 3.25% and a negative net margin of 16.02%. Equities analysts anticipate that CatchMark Timber Trust, Inc. will post ($0.38) EPS for the current year.

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Several research firms have recently weighed in on CTT. BidaskClub upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Finally, TheStreet upgraded CatchMark Timber Trust from a “d+” rating to a “c-” rating in a research note on Friday, April 7th.

About CatchMark Timber Trust

CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.

Institutional Ownership by Quarter for CatchMark Timber Trust (NYSE:CTT)

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