Marshall Wace LLP Lowers Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Marshall Wace LLP cut its holdings in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 49.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,663 shares of the financial services provider's stock after selling 41,244 shares during the quarter. Marshall Wace LLP owned approximately 0.22% of HomeStreet worth $476,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Jane Street Group LLC grew its holdings in HomeStreet by 20.2% in the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider's stock worth $639,000 after purchasing an additional 6,810 shares during the period. Barclays PLC boosted its position in shares of HomeStreet by 276.4% in the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider's stock worth $377,000 after purchasing an additional 17,578 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of HomeStreet by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider's stock worth $6,717,000 after buying an additional 7,898 shares during the last quarter. JPMorgan Chase & Co. increased its position in HomeStreet by 113.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider's stock valued at $375,000 after buying an additional 12,632 shares in the last quarter. Finally, EMC Capital Management raised its stake in HomeStreet by 20.8% during the fourth quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $98,000 after buying an additional 1,484 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.

HomeStreet Trading Up 3.4 %

Shares of NASDAQ:HMST opened at $11.75 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.02. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. The company has a market cap of $222.32 million, a P/E ratio of -1.53 and a beta of 1.34. The stock's fifty day moving average price is $10.29 and its 200-day moving average price is $10.86.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. The company had revenue of $85.77 million for the quarter, compared to the consensus estimate of $46.61 million. Sell-side analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

HMST has been the topic of a number of recent research reports. Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 1st. Piper Sandler increased their price objective on shares of HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, StockNews.com raised shares of HomeStreet from a "sell" rating to a "hold" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, HomeStreet currently has an average rating of "Hold" and an average price target of $14.25.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.

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