Pershing Square (OTCMKTS:PSHZF) Sees Large Volume Increase – Here’s Why

Shares of Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) saw strong trading volume on Friday . 31,579 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 19,838 shares.The stock last traded at $53.10 and had previously closed at $52.68.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PSHZF shares. UBS Group set a $40.00 price target on shares of Pershing Square in a research report on Tuesday, May 26th. Royal Bank Of Canada started coverage on shares of Pershing Square in a research report on Tuesday, May 26th. They issued a “sector perform” rating for the company. Finally, Jefferies Financial Group upgraded shares of Pershing Square to a “hold” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Pershing Square Stock Up 0.0%

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a 50-day moving average price of $51.42 and a 200-day moving average price of $54.13.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF) is a Guernsey-registered closed-ended investment company that offers public investors access to the concentrated investment strategy of Pershing Square Capital Management, L.P. Founded by William “Bill” Ackman, the firm employs a value-oriented, fundamental approach to equity investing, often engaging in activist campaigns to unlock shareholder value. Since its launch in April 2012, Pershing Square Holdings has built a portfolio of high-conviction positions in a select group of publicly traded companies, predominantly in North America and Western Europe.

As a holding company, Pershing Square Holdings does not originate new funds but rather issues ordinary shares to investors seeking exposure to the flagship strategy of Pershing Square Capital.