OxFORD Asset Management LLP reduced its position in shares of Charter Financial Corp (NASDAQ:CHFN) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,495 shares of the bank’s stock after selling 7,035 shares during the quarter. OxFORD Asset Management LLP owned 0.12% of Charter Financial worth $325,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA lifted its stake in Charter Financial by 161.4% in the 2nd quarter. Federated Investors Inc. PA now owns 98,532 shares of the bank’s stock worth $1,774,000 after purchasing an additional 60,845 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Charter Financial in the 2nd quarter worth approximately $307,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Charter Financial by 147.1% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 36,790 shares of the bank’s stock worth $661,000 after purchasing an additional 21,900 shares in the last quarter. Nationwide Fund Advisors lifted its stake in Charter Financial by 37.6% in the 2nd quarter. Nationwide Fund Advisors now owns 48,419 shares of the bank’s stock worth $872,000 after purchasing an additional 13,222 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Charter Financial by 46.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,881 shares of the bank’s stock worth $405,000 after purchasing an additional 6,919 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Lee Washam sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.00, for a total transaction of $152,000.00. Following the completion of the sale, the insider now owns 137,928 shares in the company, valued at approximately $2,620,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.80% of the stock is owned by company insiders.
Shares of Charter Financial Corp (NASDAQ CHFN) opened at $18.31 on Friday. The stock has a market cap of $276.82, a P/E ratio of 19.27 and a beta of 0.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. Charter Financial Corp has a 1-year low of $15.81 and a 1-year high of $21.10.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of Charter Financial from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. ValuEngine downgraded shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th.
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About Charter Financial
Charter Financial Corporation is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Bank’s principal business consists of attracting retail deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, one- to four-family residential mortgage loans, construction loans and investment securities, commercial business loans, home equity loans and lines of credit, and other consumer loans.
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