OLD National Bancorp IN Buys 10,792 Shares of Catchmark Timber Trust Inc (CTT)

OLD National Bancorp IN grew its stake in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 31.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,776 shares of the financial services provider’s stock after purchasing an additional 10,792 shares during the quarter. OLD National Bancorp IN owned 0.09% of Catchmark Timber Trust worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Catchmark Timber Trust by 12.6% during the second quarter. BlackRock Inc. now owns 3,719,374 shares of the financial services provider’s stock worth $47,349,000 after purchasing an additional 416,173 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Catchmark Timber Trust by 22.5% during the second quarter. Renaissance Technologies LLC now owns 1,898,500 shares of the financial services provider’s stock worth $24,168,000 after acquiring an additional 348,100 shares during the last quarter. Millennium Management LLC increased its position in shares of Catchmark Timber Trust by 45.2% during the first quarter. Millennium Management LLC now owns 1,555,844 shares of the financial services provider’s stock worth $19,401,000 after acquiring an additional 484,195 shares during the last quarter. Bank of Montreal Can increased its position in shares of Catchmark Timber Trust by 3.3% during the second quarter. Bank of Montreal Can now owns 1,428,472 shares of the financial services provider’s stock worth $18,184,000 after acquiring an additional 45,217 shares during the last quarter. Finally, Impax Asset Management LLC increased its position in shares of Catchmark Timber Trust by 10.0% during the second quarter. Impax Asset Management LLC now owns 1,235,976 shares of the financial services provider’s stock worth $15,734,000 after acquiring an additional 112,534 shares during the last quarter. Institutional investors own 77.43% of the company’s stock.

Shares of Catchmark Timber Trust stock opened at $9.05 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $441.55 million, a P/E ratio of -26.62 and a beta of 0.61. Catchmark Timber Trust Inc has a fifty-two week low of $8.80 and a fifty-two week high of $13.73.



Catchmark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $26.25 million during the quarter, compared to analyst estimates of $22.84 million. Catchmark Timber Trust had a negative return on equity of 3.32% and a negative net margin of 15.22%. Equities research analysts anticipate that Catchmark Timber Trust Inc will post -4.36 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. ValuEngine lowered Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research raised Catchmark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.13.

About Catchmark Timber Trust

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded timberland REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests, well-timed real estate sales and investment management. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in approximately 1.6 million acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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

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