Charles Schwab Investment Management Inc. Has $1.09 Million Stake in Equity Commonwealth $EQC

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Equity Commonwealth (NYSE: EQC) by 39.9%, owning 678,130 shares valued at approximately $1.09 million after selling 449,627 shares in the 1st quarter.
• Other large investors have modified their holdings, with Alberta Investment Management Corp increasing its position by 9.3% and acquiring an additional 810,133 shares.
• Wall Street Zen initiated coverage for Equity Commonwealth, issuing a "sell" rating, indicating a less favorable outlook for the stock.

Charles Schwab Investment Management Inc. decreased its stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) by 39.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 678,130 shares of the real estate investment trust's stock after selling 449,627 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of Equity Commonwealth worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Alberta Investment Management Corp grew its position in shares of Equity Commonwealth by 9.3% during the 1st quarter. Alberta Investment Management Corp now owns 9,475,676 shares of the real estate investment trust's stock worth $15,256,000 after buying an additional 810,133 shares during the period. Tabor Asset Management LP acquired a new stake in shares of Equity Commonwealth during the 1st quarter worth approximately $1,638,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Equity Commonwealth during the 1st quarter worth approximately $26,000. First Affirmative Financial Network grew its position in shares of Equity Commonwealth by 129.9% during the 1st quarter. First Affirmative Financial Network now owns 57,085 shares of the real estate investment trust's stock worth $92,000 after buying an additional 32,254 shares during the period. Finally, Tiptree Advisors LLC acquired a new stake in shares of Equity Commonwealth during the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 96.00% of the company's stock.

Equity Commonwealth Stock Performance

NYSE EQC opened at $1.58 on Tuesday. The company has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.59. Equity Commonwealth has a 12-month low of $1.40 and a 12-month high of $20.60. The company has a market cap of $169.73 million, a P/E ratio of 4.05 and a beta of 0.57.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of Equity Commonwealth in a research report on Saturday, May 17th. They issued a "sell" rating for the company.

Equity Commonwealth Company Profile

Equity Commonwealth NYSE: EQC is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.

Want to see what other hedge funds are holding EQC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equity Commonwealth (NYSE:EQC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.