Leon Cooperman the major shareholder of Ocwen Financial (OCN), Bought 539,798 Shares; Bemis Co Has 0.75 Sentiment

Leon Cooperman, major shareholder of Ocwen Financial Corp is the insider, OctaFinance want to write for today. Mr. Leon submitted a legal report with the SEC revealing a deal for 539,798 shares of the public company, the one he is an insider in. At the time of the legal trading deal, the average share price of Ocwen Financial Corp was $3.6, making the total investment worth $1.92 million US Dollars . He also obtained 1.58 million shares worth total $5.02 million USD in the last month. Having been a very huge stock deal at Ocwen Financial Corp, the chance that it stays unseen for long was obviously very low. Leon Cooperman currently owns 15.92 million shares which make up around 11.94% of the Georgia-Company’s total market cap.

Bemis Company, Inc. manufactures and sells packaging products. The company has market cap of $4.04 billion. It operates through two divisions, U.S. It has a 43.56 P/E ratio. Packaging and Global Packaging.

Cornerstone Advisors Inc. holds 8.7% of its portfolio in Bemis Company, Inc. for 277,332 shares. Meristem Llp owns 168,220 shares or 3.08% of their US portfolio. Moreover, Mairs & Power Inc has 2.43% invested in the company for 4.44 million shares. The California-based Stewart & Patten Co Llc has invested 1.98% in the stock. Starboard Value Lp, a New York-based fund reported 1.50 million shares.

Ratings analysis reveals 0 of Bemis’s analysts are positive. Out of 2 Wall Street analysts rating Bemis, 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. BMS was included in 2 notes of analysts from October 28, 2016. Bank of America downgraded the stock to “Neutral” rating in Friday, October 28 report. On Tuesday, December 13 the stock rating was downgraded by RBC Capital Markets to “Underperform”.

Analysts await Bemis Company, Inc. (NYSE:BMS) to report earnings on April, 26. They expect $0.59 earnings per share, up 1.72% or $0.01 from last year’s $0.58 per share. BMS’s profit will be $53.67M for 18.83 P/E if the $0.59 EPS becomes a reality. After $0.63 actual earnings per share reported by Bemis Company, Inc. for the previous quarter, Wall Street now forecasts -6.35% negative EPS growth.

The stock increased 0.77% or $0.34 during the last trading session, reaching $44.43. About 298,744 shares traded. Bemis Company, Inc. (BMS) has declined 9.13% since March 3, 2017 and is downtrending. It has underperformed by 25.83% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.34, from 1.18 in 2017Q2. It is negative, as 23 investors sold Ocwen Financial Corporation shares while 27 reduced holdings. 15 funds opened positions while 27 raised stakes. 57.15 million shares or 5.73% less from 60.63 million shares in 2017Q2 were reported. 171,500 were accumulated by First Quadrant Limited Partnership Ca. West Family has invested 0.02% in Ocwen Financial Corporation (NYSE:OCN). Bnp Paribas Arbitrage holds 0% or 24,653 shares. The Texas-based Highland Cap Management L P has invested 0.03% in Ocwen Financial Corporation (NYSE:OCN). Bancshares Of Ny Mellon Corp holds 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN) for 485,776 shares. Moreover, Legal & General Group Inc Pcl has 0% invested in Ocwen Financial Corporation (NYSE:OCN). American Intll Gp Inc reported 70,949 shares or 0% of all its holdings. Fishman Jay A Limited Mi stated it has 20,000 shares or 0.01% of all its holdings. Edge Wealth Management Llc reported 0% in Ocwen Financial Corporation (NYSE:OCN). Saba Capital Mgmt L P invested in 388,141 shares or 0.14% of the stock. New York-based Alliancebernstein Lp has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Royal Bankshares Of Canada reported 0% stake. Moreover, Susquehanna Intl Grp Limited Liability Partnership has 0% invested in Ocwen Financial Corporation (NYSE:OCN) for 764,963 shares. Pnc Fincl Serv Group accumulated 1,000 shares or 0% of the stock. Sg Americas Secs Limited Liability holds 159,721 shares or 0% of its portfolio.

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial has $9 highest and $2.5000 lowest target. $4.90’s average target is 32.79% above currents $3.69 stock price. Ocwen Financial had 25 analyst reports since July 31, 2015 according to SRatingsIntel. Compass Point maintained it with “Neutral” rating and $8.0 target in Thursday, December 3 report. The stock of Ocwen Financial Corporation (NYSE:OCN) has “Neutral” rating given on Tuesday, March 29 by Citigroup. Zacks downgraded the shares of OCN in report on Thursday, August 6 to “Buy” rating. Compass Point downgraded the stock to “Neutral” rating in Thursday, January 12 report. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, February 28. The firm has “Hold” rating given on Tuesday, April 11 by Wood. The firm earned “Market Perform” rating on Friday, August 7 by Oppenheimer. The firm has “Underperform” rating given on Monday, August 3 by Bank of America. The firm earned “Neutral” rating on Friday, July 31 by Sterne Agee CRT. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, October 6.

Since January 22, 2018, it had 3 insider purchases, and 0 insider sales for $6.58 million activity. 494,459 shares were bought by COOPERMAN LEON G, worth $1.56M on Monday, January 22.

Ocwen Financial Corporation, a financial services holding company, engages in the servicing and origination of mortgage loans in the United States. The company has market cap of $492.10 million. The Company’s Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. It currently has negative earnings. This segment??s residential servicing portfolio includes conventional, government insured, and non-agency loans.

The stock increased 3.65% or $0.13 during the last trading session, reaching $3.69. About 2.04 million shares traded or 34.56% up from the average. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since March 3, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.

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