Omega Advisors Increased Ocwen Financial (OCN) Stake by $14.76 Million; CA (CA) Shorts Lowered By 3.44%

May 18, 2018 - By olga

CA, Inc. (NASDAQ:CA) Logo

Omega Advisors Inc increased Ocwen Financial Corp (NYSE:OCN) stake by 33.38% reported in 2018Q1 SEC filing. Omega Advisors Inc acquired 3.69 million shares as Ocwen Financial Corp (NYSE:OCN)’s stock rose 27.50%. The Omega Advisors Inc holds 14.74 million shares with $60.74 million value, up from 11.05 million last quarter. Ocwen Financial Corp now has $622.71 million valuation. The stock increased 1.09% or $0.05 during the last trading session, reaching $4.65. About 637,611 shares traded. Ocwen Financial Corporation (NYSE:OCN) has declined 16.56% since May 18, 2017 and is downtrending. It has underperformed by 28.11% the S&P500.

CA Inc (NASDAQ:CA) had a decrease of 3.44% in short interest. CA’s SI was 12.19 million shares in May as released by FINRA. Its down 3.44% from 12.63 million shares previously. With 2.67M avg volume, 5 days are for CA Inc (NASDAQ:CA)’s short sellers to cover CA’s short positions. The SI to CA Inc’s float is 3.88%. The stock decreased 0.17% or $0.06 during the last trading session, reaching $35.07. About 1.59M shares traded. CA, Inc. (NASDAQ:CA) has risen 5.46% since May 18, 2017 and is uptrending. It has underperformed by 6.09% the S&P500.

Omega Advisors Inc decreased Ally Financial Inc (NYSE:ALLY) stake by 604,688 shares to 267,680 valued at $7.27M in 2018Q1. It also reduced Hess Corp (NYSE:HES) stake by 310,236 shares and now owns 1.36 million shares. Eastman Chemical Co (NYSE:EMN) was reduced too.

Since January 22, 2018, it had 4 insider buys, and 0 sales for $8.51 million activity. Shares for $186,835 were bought by COOPERMAN LEON G on Tuesday, February 13.

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 25 analyst reports since July 31, 2015 according to SRatingsIntel. On Monday, July 24 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of Ocwen Financial Corporation (NYSE:OCN) has “Market Perform” rating given on Friday, August 7 by Oppenheimer. The firm has “Neutral” rating by Compass Point given on Thursday, January 12. PiperJaffray downgraded the shares of OCN in report on Tuesday, October 25 to “Underweight” rating. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Neutral” rating by Compass Point on Thursday, December 3. The stock of Ocwen Financial Corporation (NYSE:OCN) has “Neutral” rating given on Thursday, April 28 by Compass Point. The stock has “Buy” rating by Compass Point on Monday, April 24. As per Friday, July 31, the company rating was downgraded by Sterne Agee CRT. The stock of Ocwen Financial Corporation (NYSE:OCN) earned “Sell” rating by Compass Point on Tuesday, August 4. As per Monday, August 14, the company rating was maintained by Keefe Bruyette & Woods.

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.36, from 0.84 in 2017Q3. It is positive, as 16 investors sold OCN shares while 30 reduced holdings. 26 funds opened positions while 29 raised stakes. 54.84 million shares or 4.05% less from 57.15 million shares in 2017Q3 were reported. Janney Montgomery Scott accumulated 33,150 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,811 shares. West Family Investments holds 0.03% of its portfolio in Ocwen Financial Corporation (NYSE:OCN) for 40,000 shares. Citigroup, a New York-based fund reported 95,488 shares. Geode Capital Management Ltd Liability stated it has 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). 700,247 are held by Parametric Ltd Liability Corporation. Teacher Retirement System Of Texas stated it has 35,403 shares. Price T Rowe Assoc Md reported 166,948 shares. Omega Advisors has 11.05M shares. Principal Financial Gru accumulated 14,926 shares. Tower Limited Liability Corp (Trc) holds 2,240 shares or 0% of its portfolio. Moreover, Jefferies Group Ltd Liability Com has 0% invested in Ocwen Financial Corporation (NYSE:OCN). Legal & General Grp Public Ltd Company owns 29,675 shares for 0% of their portfolio. 112,019 were accumulated by Rhumbline Advisers. Cqs Cayman Ltd Partnership accumulated 1.78M shares.

As the son of a plumber, living in the South Bronx area, Leon Cooperman worked his way through college as a Xerox quality control engineer. Once finishing his experience at Hunter College in the mid-60’s, Cooperman, received his MBA through Columbia’s Business School. Shortly after, Cooperman was invited on board Goldman Sachs, where he worked, conducting investment research. It wasn’t long before Cooperman’s talent was put to use as a partner and CEO of Asset Management through Goldman Sachs. Cooperman gave 25 years to Goldman Sachs before he retired in 1991. From there, Cooperman couldn’t stay out of the game. Later that year, Coopeman founded the Omega Advisor in NYC. Omega Advisors Inc is a New York-based hedge fund that was founded by Leon Cooperman. It had more than $12.65 billion assets under management in April, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Omega Advisors latest Adv, the fund reported to have 38 full and part-time employees. Among which 21 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Ocwen Financial Corporation, a financial services holding company, engages in the servicing and origination of mortgage loans in the United States. The company has market cap of $622.71 million. The Company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. It currently has negative earnings. This segmentÂ’s residential servicing portfolio includes conventional, government insured, and non-agency loans.

Another recent and important CA, Inc. (NASDAQ:CA) news was published by Businesswire.com which published an article titled: “CA Privileged Access Manager Receives US Department of Defense Certification” on May 16, 2018.

Among 16 analysts covering CA Technologies (NASDAQ:CA), 2 have Buy rating, 4 Sell and 10 Hold. Therefore 13% are positive. CA Technologies had 39 analyst reports since August 6, 2015 according to SRatingsIntel. Bernstein maintained the stock with “Sell” rating in Wednesday, June 28 report. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. RBC Capital Markets maintained it with “Hold” rating and $37.0 target in Tuesday, January 30 report. Barclays Capital maintained CA, Inc. (NASDAQ:CA) on Thursday, August 3 with “Equal-Weight” rating. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, August 20 report. The company was maintained on Friday, July 7 by Jefferies. On Thursday, July 14 the stock rating was downgraded by Mizuho to “Neutral”. The company was maintained on Thursday, November 19 by RBC Capital Markets. The firm has “Buy” rating by Mizuho given on Friday, January 22. KeyBanc Capital Markets maintained the stock with “Hold” rating in Sunday, September 17 report.

Investors sentiment is 1.16 in Q4 2017. Its the same as in 2017Q3. It has no change, as 32 investors sold CA, Inc. shares while 143 reduced holdings. only 54 funds opened positions while 149 raised stakes. 270.11 million shares or 2.83% less from 277.99 million shares in 2017Q3 were reported. Kbc Gp Incorporated Nv owns 248,969 shares. San Francisco Sentry Investment Gru (Ca) reported 0% of its portfolio in CA, Inc. (NASDAQ:CA). Swiss Bancorp stated it has 0.04% in CA, Inc. (NASDAQ:CA). Chevy Chase Tru invested 0.04% in CA, Inc. (NASDAQ:CA). Captrust invested in 4,458 shares. Oakbrook Ltd Liability Co reported 24,650 shares. State Of Alaska Department Of Revenue owns 54,457 shares. Envestnet Asset Management holds 0.02% or 213,955 shares in its portfolio. 412,451 are held by Arvest National Bank Tru Division. Clark Estates Inc has 0.56% invested in CA, Inc. (NASDAQ:CA). Gotham Asset Mgmt Lc has invested 0.27% of its portfolio in CA, Inc. (NASDAQ:CA). Lee Danner Bass Incorporated reported 8,445 shares stake. 39,375 were reported by Teewinot Cap Advisers Limited Co. Sei holds 0.04% or 381,102 shares in its portfolio. Country Club Commerce Na owns 1.29% invested in CA, Inc. (NASDAQ:CA) for 287,398 shares.

CA, Inc. provides software and solutions that help organizations to plan, develop, manage, and secure applications and enterprise environments in the United States and internationally. The company has market cap of $14.61 billion. The firm operates through three divisions: Enterprise Solutions, Mainframe Solutions, and Services. It has a 34.65 P/E ratio. The Mainframe Solutions segment offers DevOps solutions and tools for development, testing, and deployment that support collaboration across the software development lifecycle and mobile to mainframe teams; activities intelligence and automation solutions; and security and compliance solutions.

Since March 9, 2018, it had 0 insider purchases, and 3 selling transactions for $3.50 million activity. Lamm Jacob had sold 77,610 shares worth $2.85 million on Friday, March 9. The insider FLAHERTY LAUREN PATRICIA sold $396,643. Pronsati Paul L. had sold 7,196 shares worth $253,877 on Monday, May 14.

CA, Inc. (NASDAQ:CA) Institutional Positions Chart

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