CYS Investments Inc (CYS) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on CYS Investments Inc. CYS Investments Inc was Downgraded by Compass Point to ” Neutral” on Mar 14, 2016. CYS Investments Inc was Upgraded by JMP Securities to ” Mkt Outperform” on Feb 16, 2016.
On the company’s financial health, CYS Investments Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.27. The company had revenue of $85.80 million for the quarter, compared to analysts expectations of $84.21 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
CYS Investments Inc opened for trading at $8.21 and hit $8.33 on the upside on Monday, eventually ending the session at $8.29, with a gain of 1.59% or 0.13 points. The heightened volatility saw the trading volume jump to 22,37,173 shares. Company has a market cap of $1,258 M.
In a different news, on Nov 20, 2015, Jeffrey Hughes (director) sold 12,365 shares at $7.58 per share price. According to the SEC, on Nov 17, 2015, Stephen P. Jonas (director) sold 74,992 shares at $7.51 per share price. On Jul 28, 2015, David A Tyson (director) sold 2,600 shares at $7.67 per share price, according to the Form-4 filing with the securities and exchange commission.
CYS Investments Inc. is a specialty finance company. The Company invests in agency residential mortgage-backed security (Agency RMBS) collateralized by fixed rate single-family residential mortgage loans (primarily 10 15 20 or 30 years) and adjustable-rate mortgages (ARMs) which have coupon rates that reset monthly or hybrid ARMs which have a coupon rate that is fixed for an initial period (three five seven or 10 years). It invests principally in Agency RMBS which are residential mortgage pass-through securities the principal and interest of which are guaranteed by Federal National Mortgage Association (Fannie Mae) Federal Home Loan Mortgage Corporation (Freddie Mac) or Government National Mortgage Association (Ginnie Mae). In addition to Agency RMBS the Company invests in the United States Treasuries.