Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock Holdings Decreased by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,171 shares of the company's stock after selling 73,462 shares during the quarter. Two Sigma Investments LP owned about 0.18% of Bridge Investment Group worth $1,849,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Bridge Investment Group by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock valued at $29,242,000 after purchasing an additional 208,022 shares in the last quarter. Jennison Associates LLC increased its position in shares of Bridge Investment Group by 0.9% in the fourth quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock worth $28,581,000 after acquiring an additional 31,593 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Bridge Investment Group by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock worth $10,879,000 after acquiring an additional 8,218 shares in the last quarter. Royce & Associates LP increased its position in shares of Bridge Investment Group by 29.3% in the fourth quarter. Royce & Associates LP now owns 999,626 shares of the company's stock worth $8,397,000 after acquiring an additional 226,396 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Bridge Investment Group by 17.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock worth $8,098,000 after acquiring an additional 141,178 shares in the last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on BRDG shares. UBS Group raised their price objective on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.70.

Bridge Investment Group Price Performance

Shares of NYSE BRDG traded down $0.04 during midday trading on Wednesday, reaching $9.20. The company's stock had a trading volume of 366,882 shares, compared to its average volume of 272,863. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $9.20 and a 200 day moving average price of $8.98. Bridge Investment Group Holdings Inc. has a one year low of $6.81 and a one year high of $11.69. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 230.06 and a beta of 1.46.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The firm had revenue of $71.80 million during the quarter, compared to analysts' expectations of $77.60 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. On average, equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.