Equity Commonwealth $EQC Stock Holdings Lifted by Ursa Fund Management LLC

Key Points

• Ursa Fund Management LLC increased its stake in Equity Commonwealth (NYSE: EQC) by 13.1%, making it the largest holding in their portfolio, now accounting for about 29% of assets.
• Various institutional investors, including Raymond James and Millennium Management, have recently acquired new stakes in Equity Commonwealth, reflecting growing interest among institutional investors.
• Equity Commonwealth has a market cap of approximately $169.73 million and has recently received a "sell" rating from Wall Street analysts.

Ursa Fund Management LLC lifted its position in Equity Commonwealth (NYSE:EQC - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,025,000 shares of the real estate investment trust's stock after acquiring an additional 811,822 shares during the period. Equity Commonwealth accounts for approximately 29.0% of Ursa Fund Management LLC's investment portfolio, making the stock its biggest holding. Ursa Fund Management LLC owned about 6.54% of Equity Commonwealth worth $11,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Equity Commonwealth during the 1st quarter valued at about $26,000. Millennium Management LLC acquired a new stake in shares of Equity Commonwealth during the fourth quarter worth about $6,182,000. Alberta Investment Management Corp boosted its position in Equity Commonwealth by 9.3% in 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. purchased a new stake in Equity Commonwealth in the fourth quarter valued at approximately $3,245,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Equity Commonwealth in the 4th quarter worth approximately $104,000. Hedge funds and other institutional investors own 96.00% of the company's stock.

Equity Commonwealth Stock Performance

Equity Commonwealth stock remained flat at $1.58 during mid-day trading on Friday. The stock has a market cap of $169.73 million, a P/E 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. The business's fifty day moving average price is $1.58 and its 200 day moving average price is $1.59.

Analyst Ratings Changes

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

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.