Tudor Investment Corp ET AL Lowers Position in Paramount Group, Inc. (NYSE:PGRE)

Tudor Investment Corp ET AL reduced its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 83.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,994 shares of the financial services provider's stock after selling 347,892 shares during the quarter. Tudor Investment Corp ET AL's holdings in Paramount Group were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC increased its stake in Paramount Group by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 5,257 shares during the last quarter. Commerce Bank bought a new position in shares of Paramount Group during the 4th quarter valued at about $54,000. Greenleaf Trust purchased a new position in shares of Paramount Group during the 4th quarter valued at about $63,000. US Bancorp DE boosted its stake in Paramount Group by 33.9% in the fourth quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock worth $72,000 after buying an additional 3,708 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in Paramount Group during the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 65.64% of the company's stock.

Insider Activity at Paramount Group

In related news, CEO Albert P. Behler acquired 10,000 shares of Paramount Group stock in a transaction on Friday, March 21st. The shares were acquired at an average cost of $4.15 per share, with a total value of $41,500.00. Following the transaction, the chief executive officer now owns 751,812 shares in the company, valued at $3,120,019.80. This trade represents a 1.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PGRE. Mizuho cut their price objective on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. StockNews.com cut Paramount Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley reissued an "underweight" rating and issued a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th.

Paramount Group Price Performance

Shares of Paramount Group stock opened at $4.55 on Friday. The firm has a market cap of $997.47 million, a PE ratio of -4.64 and a beta of 1.12. The company's fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $4.62. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a 12-month low of $3.75 and a 12-month high of $5.47.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. The company had revenue of $187.02 million for the quarter, compared to analysts' expectations of $180.79 million. As a group, equities analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current year.

Paramount Group Company Profile

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.

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