Kennedy Capital Management Inc. Invests $1.66 Million in PQ Group Holdings (PQG)

Kennedy Capital Management Inc. acquired a new position in shares of PQ Group Holdings (NYSE:PQG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 100,822 shares of the company’s stock, valued at approximately $1,659,000. Kennedy Capital Management Inc. owned 0.07% of PQ Group as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of PQ Group during the fourth quarter worth $138,000. Rhumbline Advisers acquired a new stake in shares of PQ Group during the fourth quarter worth $319,000. American International Group Inc. acquired a new stake in shares of PQ Group during the fourth quarter worth $325,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of PQ Group during the fourth quarter worth $384,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of PQ Group during the fourth quarter worth $402,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

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PQG has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of PQ Group from a “hold” rating to a “sell” rating in a report on Saturday, March 24th. BMO Capital Markets initiated coverage on shares of PQ Group in a report on Tuesday, March 27th. They set an “outperform” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. PQ Group currently has a consensus rating of “Buy” and an average price target of $19.86.

In other PQ Group news, insider David James Taylor bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average price of $14.39 per share, with a total value of $215,850.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kyle D. Vann bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average cost of $14.50 per share, with a total value of $145,000.00. The disclosure for this purchase can be found here.

PQ Group stock opened at $13.80 on Friday. The firm has a market capitalization of $1,915.00 and a P/E ratio of 31.39. PQ Group Holdings has a 1-year low of $12.88 and a 1-year high of $17.65. The company has a quick ratio of 0.99, a current ratio of 1.90 and a debt-to-equity ratio of 1.34.

PQ Group (NYSE:PQG) last released its earnings results on Wednesday, March 21st. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $358.10 million during the quarter, compared to the consensus estimate of $341.30 million. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. research analysts anticipate that PQ Group Holdings will post 0.97 earnings per share for the current year.

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PQ Group Company Profile

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services. The company operates through two segments, Environmental Catalysts and Services: and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels emissions controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

Institutional Ownership by Quarter for PQ Group (NYSE:PQG)

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