Investors are a little more bearish on Heritage Insurance Holdings if you take note of the rise in short interest. The company saw a rise in short interest from October 13, 2017 to October 31, 2017 of 7.66%. Short interest increased from 5,128,421 to 5,521,442 over that timeframe. The short-interest ratio increased to 11.0 and the percentage of shorted shares is 0.23% as of October 31.
Heritage Insurance Holdings (NYSE:HRTG) has been the object of insider buying activity recently. Chief Operating Officer Ernie J. Garateix acquired 700 shares at a price of $10.32 on Wed the 6th. That brings Garateix’s holdings to $1,554,904 as reported to the SEC.
Additionally, here are a few investment firms who have increased or decreased their stake in (HRTG). Bridgeway Capital Management Inc bolstered its holdings by buying 25,000 shares an increase of 45.5% as of 09/30/2017. Bridgeway Capital Management Inc currently owns 80,000 shares worth $1,057,000. The total value of its holdings increased 47.6%. Jacobs Levy Equity Management, Inc reduced its ownership by selling 59,859 shares a decrease of 40.2%. Jacobs Levy Equity Management, Inc now controls 88,918 shares valued at $1,175,000. The value of the position overall is down by 39.3%.
State Street Corp expanded its stake by buying 588 shares an increase of 0.1% from 06/30/2017 to 09/30/2017. State Street Corp claims 484,830 shares with a value of $6,408,000. The total value of its holdings increased 1.6%. Gsa Capital Partners Llp trimmed its position by shedding 108,967 shares a decrease of 71.9% in the quarter. Gsa Capital Partners Llp now holds 42,538 shares with a value of $562,000. The value of the position overall is down by 71.5%.
Equity analyst Citigroup raised the price target of the stock on November 3 changing the price objective from $18.00 to $19.00 and stated a “Buy” rating. On November 1 SunTrust Banks maintained a company rating of “Buy” with a current price target of $18.00.
Citigroup raised the price target on October 17 changing the forecast from $17.00 to $18.00 with a rating of “Buy”. September 26 investment analysts at SunTrust Banks made no change to the company rating of “Buy” projecting a price of $18.00.
On September 21 Keefe, Bruyette & Woods held the company rating at “Buy” targeting a price of $17.00.
The company is so far trading down since yesterday’s close of 17.62. The P/E ratio is 1 and the market value is 427.74M. In the latest earnings report the EPS was $0.01 with 24.40M shares currently outstanding.
Heritage Insurance Holdings, Inc. (Heritage Insurance), launched on December 30, 2013, is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina. The Company is vertically integrated and controls or manages all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. The Business’s primary products are personal and commercial residential insurance, which it offers only in Florida..