Two Sigma Advisers LP Sells 37,400 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Two Sigma Advisers LP cut its stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 13.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,900 shares of the company's stock after selling 37,400 shares during the period. Two Sigma Advisers LP owned about 0.20% of Bridge Investment Group worth $1,998,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC purchased a new position in shares of Bridge Investment Group during the 4th quarter valued at $89,000. Aquatic Capital Management LLC acquired a new stake in Bridge Investment Group during the fourth quarter valued at $95,000. EntryPoint Capital LLC purchased a new position in Bridge Investment Group in the fourth quarter valued at about $133,000. Raymond James Financial Inc. purchased a new position in Bridge Investment Group in the fourth quarter valued at about $168,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Bridge Investment Group in the 4th quarter worth about $221,000. Institutional investors and hedge funds own 52.83% of the company's stock.

Analyst Ratings Changes

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

Bridge Investment Group Stock Down 0.2%

NYSE BRDG traded down $0.02 during trading on Monday, hitting $9.19. 335,182 shares of the company traded hands, compared to its average volume of 271,929. Bridge Investment Group Holdings Inc. has a 12 month low of $6.81 and a 12 month high of $11.69. The business has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $8.98. The company has a market capitalization of $1.14 billion, a P/E ratio of 229.68 and a beta of 1.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.08). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. As a group, sell-side analysts predict 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.