Highbridge Capital Management LLC Invests $366,000 in HomeStreet Inc (HMST)
Highbridge Capital Management LLC bought a new stake in HomeStreet Inc (NASDAQ:HMST) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,571 shares of the financial services provider’s stock, valued at approximately $366,000. Highbridge Capital Management LLC owned approximately 0.05% of HomeStreet at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of HMST. SG Americas Securities LLC acquired a new position in shares of HomeStreet in the second quarter valued at $117,000. First Interstate Bank raised its stake in shares of HomeStreet by 42.8% in the second quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,675 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of HomeStreet in the third quarter valued at $233,000. BNP Paribas Arbitrage SA raised its stake in shares of HomeStreet by 90.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 4,040 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in shares of HomeStreet in the third quarter valued at $242,000. Institutional investors and hedge funds own 85.33% of the company’s stock.
HomeStreet Inc (NASDAQ:HMST) opened at $29.40 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.87. HomeStreet Inc has a 12 month low of $24.00 and a 12 month high of $33.00. The stock has a market capitalization of $780.98, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.23.
A number of brokerages recently commented on HMST. BidaskClub lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. B. Riley restated a “neutral” rating on shares of HomeStreet in a research note on Wednesday, November 1st. FBR & Co restated a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a research note on Wednesday, October 25th. Zacks Investment Research lowered HomeStreet from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $29.08.
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HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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