Zacks Research Downgrades Patria Investments (NYSE:PAX) to Hold

Key Points

• Zacks Research downgraded Patria Investments (NYSE:PAX) from a strong-buy to a hold in a report released Monday.
• The Goldman Sachs Group raised its price target on PAX to $20 and maintained a buy rating; the stock's consensus rating is a Moderate Buy (one buy, one hold) with a $20 consensus target.
• Shares opened at $12.30 (down about 2.5%), with a market cap of ~$818M, a P/E of 24.6, a 1‑year range of $9.43–$17.80, and roughly 96.3% institutional ownership.

Patria Investments (NYSE:PAX - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group boosted their price objective on Patria Investments from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Patria Investments Trading Down 2.5%

Shares of NYSE PAX opened at $12.30 on Monday. The business's 50 day moving average is $12.90 and its two-hundred day moving average is $14.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Patria Investments has a 1-year low of $9.43 and a 1-year high of $17.80. The stock has a market capitalization of $818.23 million, a P/E ratio of 24.60, a PEG ratio of 1.28 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Patria Investments during the third quarter valued at approximately $38,000. State of Wyoming bought a new position in shares of Patria Investments during the third quarter valued at approximately $63,000. Advisory Services Network LLC bought a new position in shares of Patria Investments during the third quarter valued at approximately $73,000. Kemnay Advisory Services Inc. bought a new position in shares of Patria Investments during the fourth quarter valued at approximately $94,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Patria Investments by 52.9% during the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company's stock valued at $115,000 after buying an additional 2,818 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

Patria Investments Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.