Pershing Square (LON:PSH) Reaches New 12-Month High - Time to Buy?

Key Points

• Pershing Square Holdings reached a new 12-month high, trading at GBX 4,845 ($65.15) during mid-day trading before closing at GBX 4,579.50 ($61.58).
• The company has a market capitalization of £8.16 billion with a significantly high price-to-earnings ratio of 717.16.
• Recent insider activity includes purchases by Rupert Morley and Jean-Baptiste Wautier, indicating increased confidence from company insiders in the stock's performance.

Shares of Pershing Square Holdings (LON:PSH - ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 4,845 ($65.15) and last traded at GBX 4,579.50 ($61.58), with a volume of 280706 shares changing hands. The stock had previously closed at GBX 4,614 ($62.04).

Pershing Square Stock Down 0.8%

The company has a debt-to-equity ratio of 18.59, a quick ratio of 8.65 and a current ratio of 40.41. The company has a market cap of £8.16 billion, a price-to-earnings ratio of 717.16 and a beta of 0.97. The business has a 50-day simple moving average of GBX 4,376.03 and a 200-day simple moving average of GBX 3,982.05.

Insider Activity

In other news, insider Rupert Morley purchased 1,871 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average price of GBX 4,274 per share, for a total transaction of £79,966.54. Also, insider Jean-Baptiste Wautier purchased 23,300 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of GBX 4,274 per share, for a total transaction of £995,842. 1.30% of the stock is currently owned by company insiders.

Pershing Square Company Profile

Pershing Square Holdings (LN:PSHD) is an investment holding company structured as a closed-ended fund that makes concentrated investments in publicly traded, principally North American-domiciled, companies. The investment objective is to maximize long-term compound annual rate of growth in intrinsic value per share.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.