Patria Investments (NYSE:PAX) Price Target Cut to $16.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Patria Investments to $16.00 (from $17.00) and kept a "neutral" rating, a target that implies roughly a 29% upside from the stock's recent price.
• Analyst opinions diverge: Goldman Sachs raised its target to $20.00 with a "buy" rating while Zacks downgraded Patria to "hold," leaving a consensus rating of "Hold" and an average price target around $18.00.
• The shares traded at $12.40 (+0.8%), giving a market cap of about $825 million and a 12-month range of $9.43–$17.80, with very high institutional ownership (≈96%) and recent large stake increases by firms like Pertento Partners and Millennium Management.

Patria Investments (NYSE:PAX - Get Free Report) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $17.00 to $16.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 29.08% from the company's current price.

PAX has been the subject of a number of other research reports. Zacks Research cut Patria Investments from a "strong-buy" rating to a "hold" rating in a research report on Monday. The Goldman Sachs Group boosted their price target on Patria Investments from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.00.

Patria Investments Stock Up 0.8%

Shares of NYSE:PAX traded up $0.10 on Wednesday, reaching $12.40. The company had a trading volume of 885,757 shares, compared to its average volume of 998,483. Patria Investments has a twelve month low of $9.43 and a twelve month high of $17.80. The stock has a 50-day moving average price of $12.90 and a 200 day moving average price of $14.51. The stock has a market capitalization of $824.55 million, a P/E ratio of 24.83, a P/E/G ratio of 1.28 and a beta of 0.73. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Patria Investments

A number of institutional investors have recently made changes to their positions in the business. Pertento Partners LLP increased its stake in shares of Patria Investments by 12.9% in the fourth quarter. Pertento Partners LLP now owns 4,483,299 shares of the company's stock worth $71,240,000 after purchasing an additional 511,327 shares during the period. Samlyn Capital LLC increased its stake in shares of Patria Investments by 3.4% in the third quarter. Samlyn Capital LLC now owns 1,986,266 shares of the company's stock worth $28,999,000 after purchasing an additional 66,161 shares during the period. Mizuho Markets Americas LLC bought a new position in shares of Patria Investments in the third quarter worth about $21,900,000. State Street Corp increased its stake in shares of Patria Investments by 6.4% in the fourth quarter. State Street Corp now owns 1,361,241 shares of the company's stock worth $21,631,000 after purchasing an additional 82,067 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Patria Investments by 56.9% in the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company's stock worth $21,565,000 after purchasing an additional 492,009 shares during the period. 96.27% of the stock is currently owned by institutional investors.

About Patria Investments

Patria Investments Limited NYSE: PAX is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria's investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company's core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.

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