Hudson Bay Capital Management LP Has $16.51 Million Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Hudson Bay Capital Management LP grew its position in shares of Equitable Holdings, Inc. (NYSE:EQH - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.11% of Equitable worth $16,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its position in Equitable by 33.2% in the fourth quarter. Assetmark Inc. now owns 799 shares of the company's stock worth $38,000 after acquiring an additional 199 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Equitable by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 6,577 shares of the company's stock worth $310,000 after purchasing an additional 209 shares in the last quarter. Truist Financial Corp increased its position in Equitable by 2.8% during the fourth quarter. Truist Financial Corp now owns 9,554 shares of the company's stock worth $451,000 after buying an additional 257 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Equitable by 10.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,768 shares of the company's stock valued at $131,000 after buying an additional 266 shares in the last quarter. Finally, Colonial Trust Co SC lifted its position in shares of Equitable by 7.0% in the fourth quarter. Colonial Trust Co SC now owns 4,278 shares of the company's stock worth $202,000 after buying an additional 278 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $51.12, for a total value of $255,600.00. Following the completion of the sale, the insider now directly owns 139,073 shares in the company, valued at approximately $7,109,411.76. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey J. Hurd sold 6,666 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now owns 104,298 shares in the company, valued at approximately $5,776,023.24. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,332 shares of company stock worth $4,141,315. Insiders own 1.10% of the company's stock.

Equitable Trading Up 0.3 %

Shares of Equitable stock opened at $51.36 on Friday. The company's fifty day moving average price is $49.85 and its two-hundred day moving average price is $49.70. The firm has a market capitalization of $15.61 billion, a PE ratio of 13.45 and a beta of 1.15. Equitable Holdings, Inc. has a 52-week low of $36.46 and a 52-week high of $56.00. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12.

Equitable (NYSE:EQH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.14). Equitable had a return on equity of 85.70% and a net margin of 10.51%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the business earned $1.43 EPS. Equitable's quarterly revenue was up 105.2% compared to the same quarter last year. On average, analysts expect that Equitable Holdings, Inc. will post 7.33 EPS for the current year.

Equitable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Equitable's payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQH. BMO Capital Markets raised their price objective on Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Evercore ISI decreased their price objective on shares of Equitable from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of Equitable from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on Equitable from $53.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, UBS Group raised Equitable from a "neutral" rating to a "buy" rating and raised their target price for the company from $49.00 to $77.00 in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.08.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.

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