PSQ Holdings, Inc. (NYSE:PSQH) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. raised its stake in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 121.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,891,703 shares of the company's stock after purchasing an additional 1,036,694 shares during the quarter. Alyeska Investment Group L.P. owned about 5.44% of PSQ worth $8,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oxinas Partners Wealth Management LLC acquired a new position in PSQ during the 4th quarter worth approximately $82,000. Leavell Investment Management Inc. purchased a new position in shares of PSQ in the fourth quarter valued at $189,000. Calton & Associates Inc. acquired a new stake in PSQ during the 4th quarter valued at $200,000. Northern Trust Corp increased its stake in PSQ by 135.9% during the 4th quarter. Northern Trust Corp now owns 64,759 shares of the company's stock worth $294,000 after buying an additional 37,306 shares during the period. Finally, 683 Capital Management LLC acquired a new position in PSQ in the 4th quarter worth $367,000. Hedge funds and other institutional investors own 17.32% of the company's stock.

Wall Street Analyst Weigh In

PSQH has been the topic of a number of analyst reports. Maxim Group initiated coverage on PSQ in a research report on Wednesday, January 15th. They set a "buy" rating and a $8.00 target price on the stock. Roth Mkm cut their target price on PSQ from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th.

PSQ Stock Up 7.5 %

PSQH stock traded up $0.15 during mid-day trading on Friday, hitting $2.09. 1,612,100 shares of the company were exchanged, compared to its average volume of 1,414,373. The firm has a fifty day simple moving average of $2.15 and a 200 day simple moving average of $3.07. The company has a market capitalization of $89.48 million, a PE ratio of -1.65 and a beta of -0.10. PSQ Holdings, Inc. has a twelve month low of $1.63 and a twelve month high of $7.77. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46.

PSQ (NYSE:PSQH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.30) by $0.06. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The business had revenue of $6.75 million during the quarter, compared to the consensus estimate of $7.46 million. On average, research analysts forecast that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

PSQ Profile

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.