Weiss Multi-Strategy Advisers Has Boosted Holding in Commvault Systems (CVLT) by $3.20 Million as Stock Rose; As Ocwen Finl (OCN) Stock Declined, Tegean Capital Management Has Lowered Position

February 16, 2018 - By Michael Collier

Thomas G. Maheras decreased its stake in Ocwen Finl Corp (OCN) by 70.09% based on its latest 2017Q3 regulatory filing with the SEC. Tegean Capital Management Llc sold 679,600 shares as the company’s stock declined 50.76% while stock markets rallied. The hedge fund run by Thomas G. Maheras held 290,000 shares of the consumer services company at the end of 2017Q3, valued at $998,000, down from 969,600 at the end of the previous reported quarter. Tegean Capital Management Llc who had been investing in Ocwen Finl Corp for a number of months, seems to be less bullish one the $489.43 million market cap company. The stock decreased 0.81% or $0.03 during the last trading session, reaching $3.67. About 1.09M shares traded. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since February 16, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.




Weiss Multi-Strategy Advisers Llc increased its stake in Commvault Systems Inc (CVLT) by 55.09% based on its latest 2017Q3 regulatory filing with the SEC. Weiss Multi-Strategy Advisers Llc bought 53,280 shares as the company’s stock rose 8.37% with the market. The hedge fund held 150,000 shares of the technology company at the end of 2017Q3, valued at $9.12 million, up from 96,720 at the end of the previous reported quarter. Weiss Multi-Strategy Advisers Llc who had been investing in Commvault Systems Inc for a number of months, seems to be bullish on the $2.37 billion market cap company. The stock increased 0.86% or $0.45 during the last trading session, reaching $52.75. About 449,260 shares traded or 0.37% up from the average. Commvault Systems, Inc. (NASDAQ:CVLT) has risen 28.52% since February 16, 2017 and is uptrending. It has outperformed by 11.82% the S&P500.

Analysts await Ocwen Financial Corporation (NYSE:OCN) to report earnings on February, 28. They expect $-0.37 earnings per share, down 362.50% or $0.29 from last year’s $-0.08 per share. After $-0.23 actual earnings per share reported by Ocwen Financial Corporation for the previous quarter, Wall Street now forecasts 60.87% negative EPS growth.

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 24 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, April 11 by Wood. The company was upgraded on Monday, April 24 by Compass Point. Vetr downgraded it to “Strong-Buy” rating and $8.02 target in Friday, August 28 report. On Monday, August 14 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Thursday, January 12 the stock rating was downgraded by Compass Point to “Neutral”. The firm has “Neutral” rating given on Thursday, December 3 by Compass Point. The stock of Ocwen Financial Corporation (NYSE:OCN) has “Buy” rating given on Wednesday, September 14 by Compass Point. The stock has “Hold” rating by Vetr on Tuesday, September 8. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Neutral” rating by Citigroup on Tuesday, March 29. As per Thursday, April 28, the company rating was maintained by Compass Point.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.34, from 1.18 in 2017Q2. It worsened, as 23 investors sold OCN shares while 27 reduced holdings. 15 funds opened positions while 27 raised stakes. 57.15 million shares or 5.73% less from 60.63 million shares in 2017Q2 were reported. 11,460 are held by Tower Limited Liability Com (Trc). The California-based Parallax Volatility Advisers Ltd Partnership has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Highland Cap Ltd Partnership has 200,000 shares. California Public Employees Retirement System accumulated 762,182 shares. Deutsche Bank & Trust Ag reported 1.13 million shares. Barclays Public Lc owns 160,098 shares. Horizon Kinetics Ltd Com owns 127,734 shares or 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 2,811 shares or 0% of its portfolio. Edge Wealth Mngmt Ltd, a New York-based fund reported 1,000 shares. Sg Americas Securities Ltd Llc invested 0% in Ocwen Financial Corporation (NYSE:OCN). Ubs Asset Mngmt Americas Inc reported 34,899 shares. Goldman Sachs Gp Incorporated invested in 456,067 shares. Cqs Cayman Limited Partnership invested in 1.70 million shares. Moreover, Art Lc has 0.03% invested in Ocwen Financial Corporation (NYSE:OCN). Credit Suisse Ag stated it has 0% in Ocwen Financial Corporation (NYSE:OCN).

Since January 22, 2018, it had 2 insider purchases, and 0 sales for $6.40 million activity.

Among 13 analysts covering Commvault Systems Inc. (NASDAQ:CVLT), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Commvault Systems Inc. had 40 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Commvault Systems, Inc. (NASDAQ:CVLT) on Tuesday, October 24 with “Hold” rating. The firm has “Buy” rating given on Friday, September 9 by Mizuho. Wells Fargo initiated Commvault Systems, Inc. (NASDAQ:CVLT) rating on Tuesday, November 14. Wells Fargo has “Buy” rating and $64.0 target. KeyBanc Capital Markets maintained it with “Buy” rating and $62.0 target in Tuesday, October 24 report. The firm has “Buy” rating by Mizuho given on Tuesday, October 25. The stock of Commvault Systems, Inc. (NASDAQ:CVLT) has “Buy” rating given on Wednesday, September 14 by Jefferies. The firm has “Buy” rating by Mizuho given on Sunday, July 16. The firm has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. The stock of Commvault Systems, Inc. (NASDAQ:CVLT) has “Neutral” rating given on Friday, January 15 by Sterne Agee CRT. The firm has “Buy” rating by Jefferies given on Wednesday, July 29.

Weiss Multi-Strategy Advisers Llc, which manages about $7.01B and $2.70B US Long portfolio, decreased its stake in Dxc Technology Co by 5,286 shares to 65,000 shares, valued at $5.58M in 2017Q3, according to the filing. It also reduced its holding in Csx Corp (NYSE:CSX) by 8,682 shares in the quarter, leaving it with 26,000 shares, and cut its stake in Comcast (Put) (NASDAQ:CMCSA).

Since August 14, 2017, it had 0 insider buys, and 5 sales for $1.59 million activity. $401,250 worth of Commvault Systems, Inc. (NASDAQ:CVLT) was sold by SMITH GARY B. WALKER DAVID F sold $305,140 worth of stock or 5,500 shares. 3,335 Commvault Systems, Inc. (NASDAQ:CVLT) shares with value of $181,424 were sold by Merrill Gary.

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