Campbell & CO Investment Adviser LLC Buys New Shares in Catchmark Timber Trust Inc (NYSE:CTT)

Campbell & CO Investment Adviser LLC bought a new stake in Catchmark Timber Trust Inc (NYSE:CTT) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 16,236 shares of the financial services provider’s stock, valued at approximately $144,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTT. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Catchmark Timber Trust by 9.1% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,472 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,454 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Catchmark Timber Trust during the fourth quarter worth $32,000. BNP Paribas Arbitrage SA boosted its position in shares of Catchmark Timber Trust by 26.6% during the first quarter. BNP Paribas Arbitrage SA now owns 15,158 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 3,186 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Catchmark Timber Trust by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 142,648 shares of the financial services provider’s stock worth $1,262,000 after purchasing an additional 3,265 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Catchmark Timber Trust by 0.9% during the first quarter. Nuveen Asset Management LLC now owns 376,257 shares of the financial services provider’s stock worth $2,717,000 after purchasing an additional 3,452 shares in the last quarter. Institutional investors and hedge funds own 81.43% of the company’s stock.

CTT opened at $9.76 on Friday. Catchmark Timber Trust Inc has a 12 month low of $5.13 and a 12 month high of $12.54. The firm’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $8.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.79.

Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Monday, May 4th. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Catchmark Timber Trust had a negative net margin of 60.46% and a negative return on equity of 37.69%. The company had revenue of $26.97 million during the quarter, compared to the consensus estimate of $25.97 million. On average, research analysts predict that Catchmark Timber Trust Inc will post -0.25 earnings per share for the current year.

CTT has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $10.00 price target on shares of Catchmark Timber Trust in a research report on Thursday, June 25th. Zacks Investment Research cut shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Royal Bank of Canada raised shares of Catchmark Timber Trust from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $8.00 to $10.00 in a research report on Friday, July 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.44.

About Catchmark Timber Trust

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

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

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