Cubist Systematic Strategies LLC Has $1.44 Million Stock Position in Paramount Group, Inc. (NYSE:PGRE)

Cubist Systematic Strategies LLC increased its position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 318.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 291,067 shares of the financial services provider's stock after purchasing an additional 221,540 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.13% of Paramount Group worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC raised its position in shares of Paramount Group by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 5,257 shares during the period. Commerce Bank purchased a new position in Paramount Group in the 4th quarter worth approximately $54,000. Greenleaf Trust purchased a new position in Paramount Group in the 4th quarter worth approximately $63,000. US Bancorp DE boosted its stake in shares of Paramount Group by 33.9% in the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 3,708 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Paramount Group in the 4th quarter valued at $76,000. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Group Trading Up 0.8%

Paramount Group stock opened at $4.59 on Tuesday. The stock has a market cap of $1.01 billion, a P/E ratio of -4.68 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. The firm's 50 day moving average price is $4.26 and its 200-day moving average price is $4.60.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Albert P. Behler acquired 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the purchase, the chief executive officer now directly owns 751,812 shares of the company's stock, valued at $3,120,019.80. This trade represents a 1.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.80% of the stock is owned by corporate insiders.

About Paramount Group

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.

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