LSV Asset Management Purchases 43,667 Shares of Chimera Investment Co. (CIM)

LSV Asset Management boosted its position in Chimera Investment Co. (NYSE:CIM) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,617,347 shares of the real estate investment trust’s stock after acquiring an additional 43,667 shares during the period. LSV Asset Management’s holdings in Chimera Investment were worth $48,368,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in Chimera Investment by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 341 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in Chimera Investment by 3.6% in the second quarter. Suntrust Banks Inc. now owns 32,973 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 1,135 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Chimera Investment by 1.7% in the second quarter. Alliancebernstein L.P. now owns 108,311 shares of the real estate investment trust’s stock valued at $2,018,000 after acquiring an additional 1,830 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Chimera Investment by 11.6% in the third quarter. Pacer Advisors Inc. now owns 29,152 shares of the real estate investment trust’s stock valued at $552,000 after acquiring an additional 3,028 shares during the last quarter. Finally, Caxton Associates LP boosted its holdings in Chimera Investment by 11.2% in the second quarter. Caxton Associates LP now owns 30,800 shares of the real estate investment trust’s stock valued at $574,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 50.29% of the company’s stock.

In related news, CIO Mohit Marria bought 3,000 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were purchased at an average price of $25.82 per share, with a total value of $77,460.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.65% of the company’s stock.

Chimera Investment Co. (CIM) opened at $16.24 on Tuesday. Chimera Investment Co. has a one year low of $16.04 and a one year high of $20.90. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $3,050.00, a PE ratio of 5.00 and a beta of 0.67.

Several equities analysts recently issued reports on the company. ValuEngine cut Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday. Barclays set a $18.00 target price on Chimera Investment and gave the company a “hold” rating in a research note on Tuesday, October 10th. Credit Suisse Group raised Chimera Investment from a “neutral” rating to an “outperform” rating and increased their target price for the company from $18.01 to $19.00 in a research note on Thursday, January 25th. Deutsche Bank raised Chimera Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research lowered Chimera Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.88.

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Chimera Investment Profile

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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