Cubist Systematic Strategies LLC Takes Position in Equity Commonwealth $EQC

Key Points

• Cubist Systematic Strategies LLC invested $405,000 in Equity Commonwealth (NYSE: EQC), acquiring 251,557 shares during the first quarter.
• The institutional ownership of Equity Commonwealth is significant, with hedge funds and other investors holding 96% of the stock.
• Equity Commonwealth has faced a challenging market, recently receiving a "sell" rating by Wall Street Zen analysts.

Cubist Systematic Strategies LLC purchased a new stake in shares of Equity Commonwealth (NYSE:EQC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 251,557 shares of the real estate investment trust's stock, valued at approximately $405,000. Cubist Systematic Strategies LLC owned approximately 0.23% of Equity Commonwealth as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Equity Commonwealth during the first quarter valued at about $26,000. Millennium Management LLC bought a new position in shares of Equity Commonwealth during the fourth quarter valued at about $6,182,000. Alberta Investment Management Corp grew its stake in shares of Equity Commonwealth by 9.3% during the first quarter. Alberta Investment Management Corp now owns 9,475,676 shares of the real estate investment trust's stock valued at $15,256,000 after buying an additional 810,133 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Equity Commonwealth during the fourth quarter valued at about $3,245,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Equity Commonwealth during the fourth quarter valued at about $104,000. Hedge funds and other institutional investors own 96.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Equity Commonwealth in a research note on Saturday, May 17th. They set a "sell" rating on the stock.

Equity Commonwealth Stock Performance

Equity Commonwealth stock remained flat at $1.58 during trading hours on Friday. The company has a fifty day moving average of $1.58 and a 200-day moving average of $1.59. The firm has a market cap of $169.73 million, a PE ratio of 4.05 and a beta of 0.57. Equity Commonwealth has a 52 week low of $1.40 and a 52 week high of $20.60.

Equity Commonwealth 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.