Municipal Employees Retirement System of Michigan decreased its stake in HFF, Inc. (NYSE:HF) by 21.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,390 shares of the financial services provider’s stock after selling 2,350 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in HFF were worth $292,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue raised its stake in HFF by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,880 shares of the financial services provider’s stock worth $107,000 after buying an additional 90 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in HFF by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,064 shares of the financial services provider’s stock worth $195,000 after buying an additional 678 shares during the last quarter. Capstone Asset Management Co. purchased a new stake in HFF during the second quarter worth $216,000. Mason Street Advisors LLC raised its stake in HFF by 7.4% in the first quarter. Mason Street Advisors LLC now owns 8,224 shares of the financial services provider’s stock worth $228,000 after buying an additional 567 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in HFF during the first quarter worth $237,000. 87.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of HFF, Inc. (NYSE HF) opened at 37.45 on Thursday. HFF, Inc. has a 1-year low of $24.84 and a 1-year high of $38.30. The company’s 50 day moving average is $36.27 and its 200-day moving average is $31.90. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.97 and a beta of 1.21.

HFF (NYSE:HF) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.09. HFF had a return on equity of 40.20% and a net margin of 15.51%. The company had revenue of $137.36 million during the quarter, compared to the consensus estimate of $127.81 million. Equities analysts anticipate that HFF, Inc. will post $2.29 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Municipal Employees Retirement System of Michigan Lowers Stake in HFF, Inc. (HF)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/31/municipal-employees-retirement-system-of-michigan-lowers-stake-in-hff-inc-hf.html.

A number of analysts recently weighed in on the stock. BidaskClub lowered shares of HFF from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine lowered shares of HFF from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, July 31st. TheStreet lowered shares of HFF from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of HFF in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.50.

HFF Company Profile

HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).

Want to see what other hedge funds are holding HF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HFF, Inc. (NYSE:HF).

Institutional Ownership by Quarter for HFF (NYSE:HF)

Receive News & Stock Ratings for HFF Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HFF Inc. and related stocks with our FREE daily email newsletter.