Balyasny Asset Management L.P. Has $11.21 Million Holdings in Paramount Group, Inc. (NYSE:PGRE)

Balyasny Asset Management L.P. decreased its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,268,892 shares of the financial services provider's stock after selling 896,957 shares during the period. Balyasny Asset Management L.P. owned 1.04% of Paramount Group worth $11,208,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in Paramount Group by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock worth $29,000 after purchasing an additional 5,257 shares during the period. Commerce Bank acquired a new position in shares of Paramount Group in the 4th quarter valued at $54,000. Greenleaf Trust purchased a new position in shares of Paramount Group in the fourth quarter worth about $63,000. US Bancorp DE lifted its stake in Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 3,708 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Paramount Group in the fourth quarter valued at $76,000. Institutional investors own 65.64% of the company's stock.

Insider Activity

In related news, CEO Albert P. Behler acquired 10,000 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 751,812 shares of the company's stock, valued at approximately $3,120,019.80. The trade was a 1.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 13.80% of the company's stock.

Paramount Group Price Performance

Shares of Paramount Group stock remained flat at $4.55 during trading on Friday. The company had a trading volume of 965,960 shares, compared to its average volume of 1,246,613. The stock has a fifty day moving average of $4.25 and a 200 day moving average of $4.61. The stock has a market cap of $997.47 million, a PE ratio of -4.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. Paramount Group, Inc. has a 1 year low of $3.75 and a 1 year high of $5.47.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $187.02 million for the quarter, compared to analyst estimates of $180.79 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. Analysts predict that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PGRE. Mizuho decreased their price objective on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley reissued an "underweight" rating and issued a $3.25 price target on shares of Paramount Group in a research note on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Paramount Group from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd.

Paramount Group Profile

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.