Vertex One Asset Management Inc. reduced its stake in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 482,690 shares of the financial services provider’s stock after selling 12,381 shares during the quarter. Catchmark Timber Trust accounts for approximately 1.1% of Vertex One Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Vertex One Asset Management Inc.’s holdings in Catchmark Timber Trust were worth $6,338,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CTT. Acadian Asset Management LLC acquired a new stake in shares of Catchmark Timber Trust during the fourth quarter worth $104,000. Stelac Advisory Services LLC acquired a new stake in shares of Catchmark Timber Trust during the third quarter worth $106,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Catchmark Timber Trust during the fourth quarter worth $117,000. Stockman Wealth Management Inc. acquired a new stake in shares of Catchmark Timber Trust during the fourth quarter worth $144,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of Catchmark Timber Trust during the third quarter worth $149,000. Institutional investors and hedge funds own 75.54% of the company’s stock.
Shares of Catchmark Timber Trust Inc (NYSE:CTT) traded up $0.06 during trading on Monday, hitting $13.61. 11,727 shares of the company traded hands, compared to its average volume of 241,717. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.82. Catchmark Timber Trust Inc has a 12-month low of $10.57 and a 12-month high of $13.70. The stock has a market capitalization of $587.77, a PE ratio of -41.06 and a beta of 0.62.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Raymond James Financial reiterated a “buy” rating on shares of Catchmark Timber Trust in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Catchmark Timber Trust has an average rating of “Hold” and a consensus price target of $13.75.
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About Catchmark Timber Trust
CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.
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