Quadrature Capital Ltd Has $87,000 Position in Paramount Group, Inc. (NYSE:PGRE)

Quadrature Capital Ltd boosted its holdings in Paramount Group, Inc. (NYSE:PGRE) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,642 shares of the financial services provider’s stock after purchasing an additional 2,864 shares during the quarter. Quadrature Capital Ltd’s holdings in Paramount Group were worth $87,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Long Pond Capital LP lifted its position in shares of Paramount Group by 131.4% during the 2nd quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock worth $34,731,000 after buying an additional 4,259,635 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Paramount Group by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock worth $10,696,000 after buying an additional 15,806 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Paramount Group by 398.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider’s stock worth $6,830,000 after purchasing an additional 1,109,485 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Paramount Group by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock worth $4,829,000 after purchasing an additional 63,789 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Paramount Group by 4,007.2% during the 2nd quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock worth $4,417,000 after purchasing an additional 930,721 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price target on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th.

Paramount Group Price Performance

Paramount Group stock opened at $4.89 on Friday. Paramount Group, Inc. has a 1-year low of $4.21 and a 1-year high of $5.92. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.98 and a beta of 1.23. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $4.89.

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.