2 hours Ago By ABMN Staff
Swedbank AB boosted its stake in shares of Paramount Group, Inc. ( NYSE:PGRE – Free Report ) by 25.2% during the third quarter, HoldingsChannel.
com reports. The institutional investor owned 142,466 shares of the financial services provider’s stock after purchasing an additional 28,650 shares during the quarter. Swedbank AB’s holdings in Paramount Group were worth $701,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB boosted its position in shares of Paramount Group by 22.1% during the 3rd quarter.
Handelsbanken Fonder AB now owns 72,920 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 13,200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Paramount Group during the third quarter worth about $136,000. Cubist Systematic Strategies LLC purchased a new position in Paramount Group during the second quarter worth about $200,000.
Algert Global LLC boosted its holdings in Paramount Group by 7.6% in the 2nd quarter. Algert Global LLC now owns 320,253 shares of the financial services provider’s stock valued at $1,483,000 after purchasing an additional 22,738 shares during the last quarter.
Finally, Long Pond Capital LP grew its stake in shares of Paramount Group by 131.4% in the 2nd quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock valued at $34,731,000 after buying an additional 4,259,635 shares during the period.
65.64% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Separately, Wells Fargo & Company lifted their price target on shares of Paramount Group from $3.
50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company.
According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.38.
Paramount Group Stock Up 1.7 % Shares of PGRE opened at $5.36 on Friday.
The company’s 50-day moving average price is $4.95 and its 200 day moving average price is $4.82.
Paramount Group, Inc. has a 12-month low of $4.06 and a 12-month high of $5.
92. The company has a current ratio of 4.39, a quick ratio of 4.
39 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.
17 billion, a P/E ratio of -5.47 and a beta of 1.25.
Paramount Group Profile ( Free Report ) Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. Read More Want to see what other hedge funds are holding PGRE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Paramount Group, Inc. ( NYSE:PGRE – Free Report ). Receive News & Ratings for Paramount Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Group and related companies with MarketBeat.
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