Mirae Asset Global Investments Has Increased By $36.43 Million Its Alibaba Group Hldg LTD (BABA) Stake, Pennymac Mortgage Investment Tru (PMT) Shorts Lowered By 16.37%

July 17, 2017 - By Winifred Garcia

Pennymac Mortgage Investment Tru (NYSE:PMT) had a decrease of 16.37% in short interest. PMT’s SI was 938,800 shares in July as released by FINRA. Its down 16.37% from 1.12M shares previously. With 481,700 avg volume, 2 days are for Pennymac Mortgage Investment Tru (NYSE:PMT)’s short sellers to cover PMT’s short positions. The SI to Pennymac Mortgage Investment Tru’s float is 1.46%. About 105,159 shares traded. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 18.22% since July 17, 2016 and is uptrending. It has outperformed by 1.52% the S&P500.

Mirae Asset Global Investments increased Alibaba Group Hldg Ltd (BABA) stake by 13.95% reported in 2016Q4 SEC filing. Mirae Asset Global Investments acquired 418,779 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 22.58%. The Mirae Asset Global Investments holds 3.42M shares with $300.43M value, up from 3.00M last quarter. Alibaba Group Hldg Ltd now has $393.36 billion valuation. The stock declined 0.38% or $0.58 reaching $151.25 on the news. About 6.04 million shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since July 17, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 33 analysts covering Alibaba (NYSE:BABA), 31 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba had 114 analyst reports since August 12, 2015 according to SRatingsIntel. On Monday, January 9 the stock rating was upgraded by Standpoint Research to “Accumulate”. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Outperform” rating by Bernstein on Wednesday, January 11. The rating was downgraded by Standpoint Research to “Reduce” on Thursday, April 20. Jefferies maintained it with “Buy” rating and $12200 target in Tuesday, June 6 report. Brean Capital maintained the shares of BABA in report on Friday, January 29 with “Buy” rating. The firm has “Strong Sell” rating given on Tuesday, September 1 by Zacks. The firm has “Buy” rating given on Wednesday, April 19 by M Partners. The firm earned “Buy” rating on Friday, August 12 by Brean Capital. Axiom Capital maintained the stock with “Buy” rating in Wednesday, October 28 report. The company was maintained on Wednesday, September 28 by Daiwa Securities.

Mirae Asset Global Investments decreased Qualcomm Inc (NASDAQ:QCOM) stake by 12,952 shares to 63,018 valued at $4.11M in 2016Q4. It also reduced Ishares Tr (IHI) stake by 119,147 shares and now owns 246,824 shares. Hanesbrands Inc (NYSE:HBI) was reduced too.

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.02, from 1.2 in 2016Q3. It is positive, as 18 investors sold PennyMac Mortgage Investment Trust shares while 41 reduced holdings. 28 funds opened positions while 44 raised stakes. 41.24 million shares or 2.00% less from 42.08 million shares in 2016Q3 were reported. Invesco Ltd, Georgia-based fund reported 583,352 shares. Ares Management Ltd Liability Company holds 241,121 shares or 0.23% of its portfolio. Barclays Pcl has invested 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Schwab Charles Investment Mngmt stated it has 426,427 shares. National Bank Of New York Mellon Corp holds 0% or 475,471 shares. Aqr Ltd Com reported 0% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT). Federated Invsts Inc Pa has 2,166 shares for 0% of their portfolio. Edge Wealth Mngmt has 0.19% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 30,434 shares. Omega Advsrs stated it has 0.07% in PennyMac Mortgage Investment Trust (NYSE:PMT). Moreover, Alliancebernstein Lp has 0.02% invested in PennyMac Mortgage Investment Trust (NYSE:PMT). Gp One Trading Ltd Partnership has invested 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Thornburg Investment Management holds 0.27% or 2.15M shares. Credit Suisse Ag reported 74,300 shares or 0% of all its holdings. Northwestern Mutual Wealth Com owns 348 shares or 0% of their US portfolio. Adams Diversified Equity Fund invested in 0.07% or 65,100 shares.

Among 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. PennyMac Mortgage Investment Trust had 15 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, March 9 the stock rating was maintained by JMP Securities with “Market Outperform”. The rating was upgraded by Compass Point to “Buy” on Monday, July 27. Citigroup downgraded the stock to “Neutral” rating in Friday, August 7 report. The rating was maintained by Compass Point on Thursday, August 6 with “Buy”. The company was downgraded on Thursday, February 4 by Wells Fargo. The stock has “Neutral” rating by Compass Point on Monday, February 6. On Monday, June 13 the stock rating was maintained by Wood with “Outperform”. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) has “Neutral” rating given on Thursday, October 6 by Wedbush. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, May 29. Barclays Capital downgraded it to “Equal-Weight” rating and $13 target in Friday, February 5 report.

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