West Family Investments buys $17.9 Million stake in CYS Investments Inc (CYS)

CYS Investments Inc (CYS) : West Family Investments scooped up 19,222 additional shares in CYS Investments Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,139,532 shares of CYS Investments Inc which is valued at $17.9 Million.CYS Investments Inc makes up approximately 3.48% of West Family Investments’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities added CYS to its portfolio by purchasing 24,878 company shares during the most recent quarter which is valued at $207,980.Violich Capital Management boosted its stake in CYS in the latest quarter, The investment management firm added 5,710 additional shares and now holds a total of 17,900 shares of CYS Investments Inc which is valued at $149,644. CYS Investments Inc makes up approx 0.05% of Violich Capital Management’s portfolio. Parametrica Management Ltd sold out all of its stake in CYS during the most recent quarter. The investment firm sold 10,237 shares of CYS which is valued $84,148.Ifp Advisors Inc boosted its stake in CYS in the latest quarter, The investment management firm added 1,241 additional shares and now holds a total of 3,497 shares of CYS Investments Inc which is valued at $28,745.

CYS Investments Inc opened for trading at $8.07 and hit $8.12 on the upside on Friday, eventually ending the session at $8.11, with a gain of 0.50% or 0.04 points. The heightened volatility saw the trading volume jump to 14,17,878 shares. Company has a market cap of $1,229 M.

On the company’s financial health, CYS Investments Inc reported $0.27 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $81.50 million for the quarter, compared to analysts expectations of $83.62 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on CYS Investments Inc. CYS Investments Inc was Downgraded by JMP Securities to ” Mkt Perform” on Apr 22, 2016. Company shares were Reiterated by Barclays on Apr 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .Company shares were Reiterated by Wunderlich on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .

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.

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