Sei Investments Co. Sells 61,271 Shares of Paramount Group, Inc. (NYSE:PGRE)

Sei Investments Co. decreased its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 77.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,630 shares of the financial services provider's stock after selling 61,271 shares during the period. Sei Investments Co.'s holdings in Paramount Group were worth $87,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PGRE. Greenleaf Trust purchased a new stake in shares of Paramount Group during the 4th quarter worth about $63,000. Quantinno Capital Management LP bought a new stake in Paramount Group in the third quarter worth approximately $64,000. US Bancorp DE raised its holdings in shares of Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 3,708 shares in the last quarter. Inspire Investing LLC bought a new stake in Paramount Group in the fourth quarter worth $76,000. Finally, Cibc World Markets Corp bought a new position in Paramount Group during the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 65.64% of the company's stock.

Insider Activity at Paramount Group

In other Paramount Group news, CEO Albert P. Behler purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the transaction, the chief executive officer now directly owns 751,812 shares in the company, valued at approximately $3,120,019.80. The trade was a 1.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 13.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PGRE has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "underweight" rating and issued a $3.25 price objective on shares of Paramount Group in a research note on Tuesday. Mizuho decreased their price objective on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th.

Paramount Group Stock Performance

Shares of PGRE traded up $0.04 during mid-day trading on Thursday, hitting $4.21. The company's stock had a trading volume of 2,577,606 shares, compared to its average volume of 1,144,084. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $5.47. The stock's 50-day moving average is $4.31 and its two-hundred day moving average is $4.68. The firm has a market capitalization of $921.84 million, a PE ratio of -4.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The company had revenue of $186.27 million for the quarter, compared to the consensus estimate of $180.41 million. As a group, sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 EPS for the current year.

About Paramount Group

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.