Cherry Hill Mortgage Investment (CHMI) Forms $17.70 Double Bottom; Saba Capital Management LP Lowered Mfs Charter Income Tr (MCR) Stake By $382,520

Cherry Hill Mortgage Investment Corporation (CHMI) formed double bottom with $16.11 target or 9.00% below today’s $17.70 share price. Cherry Hill Mortgage Investment Corporation (CHMI) has $228.08 million valuation. The stock increased 4.49% or $0.76 during the last trading session, reaching $17.7. About 218,541 shares traded or 81.89% up from the average. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has risen 20.72% since March 17, 2017 and is uptrending. It has outperformed by 4.02% the S&P500.

Saba Capital Management Lp decreased Mfs Charter Income Tr (MCR) stake by 50.97% reported in 2017Q3 SEC filing. Saba Capital Management Lp sold 47,815 shares as Mfs Charter Income Tr (MCR)’s stock rose 0.82%. The Saba Capital Management Lp holds 46,000 shares with $399,000 value, down from 93,815 last quarter. Mfs Charter Income Tr now has $406.49 million valuation. The stock increased 0.12% or $0.01 during the last trading session, reaching $8.16. About 33,937 shares traded. MFS Charter Income Trust (NYSE:MCR) has risen 6.51% since March 17, 2017 and is uptrending. It has underperformed by 10.19% the S&P500.

Investors sentiment increased to 0.84 in Q3 2017. Its up 0.04, from 0.8 in 2017Q2. It increased, as 3 investors sold MCR shares while 17 reduced holdings. 6 funds opened positions while 10 raised stakes. 11.83 million shares or 5.46% less from 12.51 million shares in 2017Q2 were reported. M&R Capital Management Inc owns 10,000 shares. First Manhattan holds 0% or 1,868 shares. Hightower Advisors Limited Com invested 0.01% in MFS Charter Income Trust (NYSE:MCR). Raymond James reported 136,039 shares or 0% of all its holdings. Philadelphia Trust stated it has 12,000 shares or 0.01% of all its holdings. Invesco Limited, a Georgia-based fund reported 748,021 shares. Rock Point Advisors Ltd Liability Com reported 10,900 shares. Moreover, Peoples Financial Svcs Corporation has 0% invested in MFS Charter Income Trust (NYSE:MCR) for 300 shares. 1607 Capital Limited Liability Company holds 0.57% or 1.16 million shares. Us State Bank De stated it has 0% in MFS Charter Income Trust (NYSE:MCR). Commonwealth Equity reported 21,987 shares or 0% of all its holdings. Rivernorth Cap Mngmt Limited Co has invested 0.56% of its portfolio in MFS Charter Income Trust (NYSE:MCR). Millennium Management Lc holds 15,647 shares. 20,469 are owned by Pnc Serv Group Inc. Rmb Cap Llc owns 12,015 shares.

Saba Capital Management Lp increased Tenet Healthcare Corp (NYSE:THC) stake by 215,714 shares to 1.03M valued at $16.86M in 2017Q3. It also upped Tesla Inc (Prn) stake by 5.50 million shares and now owns 10.50 million shares. Alpine Total Dynamic Divid F (AOD) was raised too.

Among 4 analysts covering Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Cherry Hill Mortgage Investment Corporation had 6 analyst reports since March 16, 2016 according to SRatingsIntel. FBR Capital maintained the stock with “Outperform” rating in Tuesday, March 28 report. The firm earned “Buy” rating on Thursday, August 11 by Citigroup. FBR Capital maintained Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) on Wednesday, November 8 with “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, March 16 report. The company was initiated on Thursday, October 6 by Wedbush.