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PHH (NYSE:PHH) major shareholder Citadel Gp Llc sold 187,202 shares of PHH stock on the open market in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $22.77, for a total value of $4,262,589.54. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

PHH (NYSE:PHH) traded up 2.25% on Friday, hitting $23.63. The stock had a trading volume of 1,478,330 shares. PHH has a 52-week low of $20.58 and a 52-week high of $27.13. The stock has a 50-day moving average of $23.68 and a 200-day moving average of $24.32. The company has a market cap of $1.356 billion and a price-to-earnings ratio of 35.39.

PHH (NYSE:PHH) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.32) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.55. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $598.63 million. During the same quarter last year, the company posted $0.21 earnings per share. PHH’s revenue was down 29.2% compared to the same quarter last year. On average, analysts predict that PHH will post $-0.30 earnings per share for the current fiscal year.

PHH has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of PHH in a research note on Tuesday. They now have a $24.00 price target on the stock. Finally, analysts at Compass Point downgraded shares of PHH from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $26.00 price target on the stock, down previously from $28.00. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.24.

PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.

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