197,800 Shares in HarborOne Bancorp, Inc. $HONE Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new position in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 197,800 shares of the financial services provider’s stock, valued at approximately $2,310,000. OMERS ADMINISTRATION Corp owned 0.46% of HarborOne Bancorp at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new position in HarborOne Bancorp in the 2nd quarter valued at $149,000. Nuveen LLC acquired a new stake in shares of HarborOne Bancorp during the first quarter worth $1,484,000. ABC Arbitrage SA bought a new stake in shares of HarborOne Bancorp in the second quarter valued at about $6,512,000. Strs Ohio bought a new position in HarborOne Bancorp during the first quarter worth about $497,000. Finally, Credit Industriel ET Commercial bought a new position in shares of HarborOne Bancorp during the second quarter worth approximately $3,878,000. 65.01% of the stock is owned by institutional investors and hedge funds.

HarborOne Bancorp Stock Performance

NASDAQ:HONE opened at $12.10 on Wednesday. HarborOne Bancorp, Inc. has a 52 week low of $8.89 and a 52 week high of $14.29. The firm’s fifty day moving average is $12.88 and its 200-day moving average is $12.34. The firm has a market cap of $522.22 million, a P/E ratio of 18.62 and a beta of 0.61.

Analyst Ratings Changes

HONE has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of HarborOne Bancorp in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of HarborOne Bancorp to a “hold” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, HarborOne Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

HarborOne Bancorp Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.