New York State Common Retirement Fund grew its position in PJT Partners Inc. (NYSE:PJT) by 417.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,683 shares of the financial services provider’s stock after buying an additional 76,382 shares during the quarter. New York State Common Retirement Fund owned 0.51% of PJT Partners worth $3,808,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of PJT Partners by 15.7% during the 2nd quarter. IFP Advisors Inc now owns 2,688 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 365 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of PJT Partners by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 169 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of PJT Partners by 1.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,559 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 59 shares during the last quarter. Strs Ohio lifted its stake in shares of PJT Partners by 6.5% during the 2nd quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 400 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of PJT Partners during the 2nd quarter worth $352,000. Institutional investors and hedge funds own 59.17% of the company’s stock.
PJT Partners Inc. (NYSE PJT) opened at 40.43 on Friday. PJT Partners Inc. has a 12 month low of $26.19 and a 12 month high of $45.38. The firm’s market capitalization is $748.88 million. The company’s 50-day moving average price is $37.31 and its 200 day moving average price is $38.59.
PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.07). The business had revenue of $109.31 million during the quarter. PJT Partners had a negative return on equity of 115.47% and a negative net margin of 0.27%. Analysts predict that PJT Partners Inc. will post $1.54 EPS for the current year.
Several brokerages recently issued reports on PJT. BidaskClub raised PJT Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered PJT Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, JMP Securities began coverage on PJT Partners in a research report on Monday, September 18th. They set an “outperform” rating and a $45.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. PJT Partners currently has a consensus rating of “Hold” and an average price target of $45.67.
In other PJT Partners news, Director Dennis S. Hersch purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $38.45 per share, for a total transaction of $76,900.00. Following the completion of the transaction, the director now owns 18,000 shares in the company, valued at approximately $692,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.
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PJT Partners Company Profile
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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