Budros Ruhlin & Roe Inc. increased its stake in Drive Shack Inc. (NYSE:DS) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,700 shares of the real estate investment trust’s stock after buying an additional 6,200 shares during the quarter. Budros Ruhlin & Roe Inc.’s holdings in Drive Shack were worth $76,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Drive Shack by 27.6% in the 1st quarter. BlackRock Inc. now owns 1,888,238 shares of the real estate investment trust’s stock valued at $6,061,000 after buying an additional 408,755 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Drive Shack by 51.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,247,951 shares of the real estate investment trust’s stock valued at $4,003,000 after acquiring an additional 424,305 shares during the period. Royce & Associates LP bought a new stake in Drive Shack in the 1st quarter valued at $2,309,000. Boston Partners raised its stake in Drive Shack by 65.5% in the 1st quarter. Boston Partners now owns 184,939 shares of the real estate investment trust’s stock valued at $594,000 after acquiring an additional 73,185 shares during the period. Finally, Virtu Financial LLC raised its stake in Drive Shack by 187.6% in the 4th quarter. Virtu Financial LLC now owns 156,718 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 102,235 shares during the period. 40.98% of the stock is owned by institutional investors.
DS stock opened at $3.48 on Friday. The company has a market cap of $320.40 million, a PE ratio of -4.41 and a beta of 1.47. The stock’s fifty day moving average price is $3.13. Drive Shack Inc. has a fifty-two week low of $1.07 and a fifty-two week high of $3.94.
Separately, Craig Hallum initiated coverage on Drive Shack in a research note on Friday, March 26th. They issued a “buy” rating and a $5.00 price target on the stock.
Drive Shack Company Profile
Drive Shack Inc owns and operates golf-related leisure and entertainment venue business. It operates through Entertainment Golf Venues and Traditional Golf Properties segments. The Entertainment Golf Venues segment operates entertainment golf venues in Raleigh, North Carolina; Richmond, Virginia; and Orlando and West Palm Beach, Florida.
Recommended Story: Fundamental Analysis
Receive News & Ratings for Drive Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drive Shack and related companies with MarketBeat.com's FREE daily email newsletter.