Eagle Asset Management Inc. Cuts Stake in HFF Inc. (HF)
Eagle Asset Management Inc. cut its position in HFF Inc. (NYSE:HF) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,275 shares of the company’s stock after selling 1,823 shares during the period. Eagle Asset Management Inc. owned about 1.38% of HFF worth $14,600,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of HFF by 0.4% in the second quarter. Rhumbline Advisers now owns 46,660 shares of the company’s stock worth $1,348,000 after buying an additional 164 shares in the last quarter. PineBridge Investments L.P. increased its position in shares of HFF by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,395 shares of the company’s stock worth $127,000 after buying an additional 172 shares during the last quarter. Arizona State Retirement System increased its position in shares of HFF by 1.1% in the second quarter. Arizona State Retirement System now owns 17,952 shares of the company’s stock worth $518,000 after buying an additional 200 shares during the last quarter. Lebenthal Holdings LLC increased its position in shares of HFF by 0.5% in the second quarter. Lebenthal Holdings LLC now owns 46,337 shares of the company’s stock worth $1,338,000 after buying an additional 214 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of HFF by 21.0% in the second quarter. Teacher Retirement System of Texas now owns 5,061 shares of the company’s stock worth $146,000 after buying an additional 879 shares during the last quarter. 87.09% of the stock is currently owned by institutional investors and hedge funds.
HFF Inc. (NYSE:HF) traded down 2.62% during trading on Wednesday, hitting $29.33. 79,453 shares of the company’s stock traded hands. The company’s 50 day moving average price is $27.62 and its 200 day moving average price is $28.44. HFF Inc. has a 52-week low of $21.36 and a 52-week high of $34.89. The company has a market cap of $1.12 billion, a PE ratio of 13.60 and a beta of 1.59.
HFF (NYSE:HF) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. HFF had a return on equity of 43.76% and a net margin of 15.80%. The business had revenue of $126.50 million for the quarter, compared to analysts’ expectations of $121.19 million. Analysts expect that HFF Inc. will post $2.02 earnings per share for the current year.
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A number of brokerages recently weighed in on HF. Zacks Investment Research downgraded shares of HFF from a “hold” rating to a “sell” rating in a report on Friday, November 4th. TheStreet downgraded shares of HFF from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Finally, JMP Securities restated a “buy” rating on shares of HFF in a report on Monday, November 21st.
HFF, Inc is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing.
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