Redwood Trust, Inc. (RWT) Is At $15.45 Formed Wedge; Evergreen Resources (EVG)’s Sentiment Is 0.58

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Evergreen Resources Inc (EVG) investors sentiment decreased to 0.58 in Q4 2017. It’s down -0.84, from 1.42 in 2017Q3. The ratio has worsened, as 11 hedge funds started new or increased holdings, while 19 cut down and sold equity positions in Evergreen Resources Inc. The hedge funds in our database now hold: 6.06 million shares, down from 6.22 million shares in 2017Q3. Also, the number of hedge funds holding Evergreen Resources Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 14 Increased: 7 New Position: 4.

Redwood Trust, Inc. (RWT) formed wedge up with $16.07 target or 4.00% above today’s $15.45 share price. Redwood Trust, Inc. (RWT) has $1.17B valuation. The stock increased 0.19% or $0.03 during the last trading session, reaching $15.45. About 182,355 shares traded. Redwood Trust, Inc. (NYSE:RWT) has declined 7.30% since April 30, 2017 and is downtrending. It has underperformed by 18.85% the S&P500.

Sit Investment Associates Inc holds 1.24% of its portfolio in Eaton Vance Short Duration Diversified Income Fund for 3.61 million shares. National Asset Management Inc. owns 244,750 shares or 0.47% of their US portfolio. Moreover, Naples Global Advisors Llc has 0.11% invested in the company for 25,755 shares. The Colorado-based Institute For Wealth Management Llc. has invested 0.07% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 42,056 shares.

The stock increased 0.52% or $0.07 during the last trading session, reaching $13.58. About 77,987 shares traded or 92.76% up from the average. Eaton Vance Short Duration Diversified Income Fund (EVG) has declined 4.54% since April 30, 2017 and is downtrending. It has underperformed by 16.09% the S&P500.

Analysts await Redwood Trust, Inc. (NYSE:RWT) to report earnings on May, 3. They expect $0.35 earnings per share, down 2.78% or $0.01 from last year’s $0.36 per share. RWT’s profit will be $26.50M for 11.04 P/E if the $0.35 EPS becomes a reality. After $0.35 actual earnings per share reported by Redwood Trust, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 6 analysts covering Redwood Trust (NYSE:RWT), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Redwood Trust had 12 analyst reports since August 10, 2015 according to SRatingsIntel. As per Wednesday, May 18, the company rating was upgraded by Nomura. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 8 report. Deutsche Bank maintained the shares of RWT in report on Monday, March 14 with “Buy” rating. Wood downgraded Redwood Trust, Inc. (NYSE:RWT) on Tuesday, July 19 to “Market Perform” rating. Keefe Bruyette & Woods maintained the shares of RWT in report on Wednesday, June 28 with “Hold” rating. As per Friday, December 8, the company rating was upgraded by Wood. The rating was downgraded by Nomura on Tuesday, November 24 to “Neutral”. The rating was maintained by Maxim Group on Monday, November 16 with “Buy”.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.07, from 0.95 in 2017Q3. It is positive, as 18 investors sold Redwood Trust, Inc. shares while 42 reduced holdings. 19 funds opened positions while 42 raised stakes. 62.66 million shares or 1.32% less from 63.50 million shares in 2017Q3 were reported. Schwab Charles Invest Incorporated invested in 0.01% or 576,275 shares. 10 stated it has 14,225 shares or 0.05% of all its holdings. Tortoise Inv Management Lc holds 200 shares or 0% of its portfolio. Hightower Advsr Limited Liability Corporation invested 0% of its portfolio in Redwood Trust, Inc. (NYSE:RWT). Denali Advisors Ltd Liability Company invested in 205 shares or 0% of the stock. Manufacturers Life Insurance The holds 57,366 shares or 0% of its portfolio. Ubs Asset Management Americas invested in 0% or 46,369 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest holds 0.01% or 60,300 shares in its portfolio. Barclays Public Limited Co owns 12,155 shares or 0% of their US portfolio. 6,587 are held by Ameritas Inv Prtn Inc. Rmb Management Limited Company reported 511,849 shares. Fincl Bank Of America De has invested 0% in Redwood Trust, Inc. (NYSE:RWT). Seizert Capital Prtnrs Limited Liability Company holds 10,965 shares. Rhumbline Advisers holds 0% or 83,111 shares. Parametric Portfolio Assocs Limited Liability Company holds 218,586 shares or 0% of its portfolio.

Redwood Trust, Inc. (NYSE:RWT) Institutional Positions Chart