Patria Investments (NYSE:PAX) Given New $13.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Patria Investments’ price target to $13 from $15 while maintaining a “neutral” rating, implying approximately 20.3% upside from the stock’s $10.80 price.
• Analyst sentiment is broadly cautious: Citigroup and Bank of America downgraded the stock to “underperform,” while the consensus rating is “Reduce” with an average target price of $12.75.
• Patria shares are near their one-year low, trading at $10.80 versus a range of $10.55 to $17.80; CEO Marco D’Ippolito recently sold 7,004 shares, while institutional investors own 96.27% of the stock.

Patria Investments (NYSE:PAX - Get Free Report) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $15.00 to $13.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 20.31% from the company's current price.

A number of other brokerages also recently commented on PAX. Citigroup downgraded shares of Patria Investments to an "underperform" rating in a report on Wednesday. Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a research report on Wednesday. Bank of America lowered shares of Patria Investments from a "neutral" rating to an "underperform" rating and set a $10.00 target price on the stock. in a research report on Wednesday. Finally, Zacks Research upgraded Patria Investments from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Patria Investments currently has an average rating of "Reduce" and a consensus target price of $12.75.

Patria Investments Price Performance

PAX stock traded down $0.01 during trading on Thursday, hitting $10.80. The stock had a trading volume of 226,156 shares, compared to its average volume of 987,959. The stock has a market cap of $718.78 million, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company's 50 day moving average price is $11.20 and its two-hundred day moving average price is $11.69. Patria Investments has a 1-year low of $10.55 and a 1-year high of $17.80.

Insider Buying and Selling at Patria Investments

In other news, CEO Marco D'Ippolito sold 7,004 shares of Patria Investments stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total value of $79,075.16. Following the transaction, the chief executive officer directly owned 443,178 shares of the company's stock, valued at $5,003,479.62. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 58.10% of the stock is owned by corporate insiders.

Institutional Trading of Patria Investments

A number of institutional investors and hedge funds have recently bought and sold shares of PAX. Integrated Wealth Concepts LLC acquired a new position in Patria Investments during the second quarter valued at approximately $27,000. Squarepoint Ops LLC purchased a new position in shares of Patria Investments in the 2nd quarter valued at $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Patria Investments in the 2nd quarter valued at $227,000. California State Teachers Retirement System lifted its holdings in shares of Patria Investments by 175.8% during the 2nd quarter. California State Teachers Retirement System now owns 9,882 shares of the company's stock valued at $109,000 after acquiring an additional 6,299 shares in the last quarter. Finally, AXQ Capital LP purchased a new stake in Patria Investments during the 2nd quarter worth $112,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Patria Investments Company Profile

Patria Investments Limited NYSE: PAX is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria's investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company's core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.

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