PHH SVP Sells $358,052 in Stock (PHH)
PHH (NYSE:PHH) SVP William F. Brown unloaded 14,975 shares of PHH stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $23.91, for a total transaction of $358,052.25. Following the sale, the senior vice president now directly owns 74,376 shares in the company, valued at approximately $1,778,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of PHH (NYSE:PHH) traded down 1.96% during mid-day trading on Tuesday, hitting $23.53. 501,875 shares of the company’s stock traded hands. PHH has a 52-week low of $20.62 and a 52-week high of $27.13. The stock’s 50-day moving average is $23.61 and its 200-day moving average is $24.26. The company’s market cap is $1.352 billion. PHH also saw some unusual options trading on Monday. Stock traders acquired 7,398 call options on the stock. This is an increase of 1,802% compared to the typical volume of 389 call options.
PHH (NYSE:PHH) last released its earnings data on Monday, August 4th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.13) by $0.18. During the same quarter in the prior year, the company posted $1.40 earnings per share. Analysts expect that PHH will post $-1.28 EPS for the current fiscal year.
PHH has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of PHH in a research note on Monday. They now have a $27.00 price target on the stock, up previously from $26.00. Separately, analysts at Zacks upgraded shares of PHH from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $24.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of PHH in a research note on Friday, July 18th. They set a “buy” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.63.
PHH Corporation (NYSE:PHH) is an outsource provider of mortgage and fleet management services.
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