Renaissance Technologies LLC trimmed its holdings in PJT Partners Inc (NYSE:PJT) by 90.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 24,900 shares of the financial services provider’s stock after selling 225,850 shares during the quarter. Renaissance Technologies LLC owned 0.10% of PJT Partners worth $1,009,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of PJT Partners in the 2nd quarter worth about $53,000. Bank of Montreal Can grew its position in shares of PJT Partners by 655.7% in the 2nd quarter. Bank of Montreal Can now owns 2,252 shares of the financial services provider’s stock worth $91,000 after buying an additional 1,954 shares during the period. Parallel Advisors LLC boosted its stake in PJT Partners by 38.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,566 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 983 shares in the last quarter. First Bank & Trust boosted its stake in PJT Partners by 35.0% in the 2nd quarter. First Bank & Trust now owns 5,450 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 1,413 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in PJT Partners by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,051 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 64.32% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of PJT Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. ValuEngine upgraded shares of PJT Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Buckingham Research upped their price target on shares of PJT Partners from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Sandler O’Neill raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.00.
PJT Partners stock opened at $41.53 on Friday. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.36. PJT Partners Inc has a 12-month low of $35.28 and a 12-month high of $49.14. The firm has a 50 day moving average of $40.61 and a 200 day moving average of $40.34. The firm has a market capitalization of $997.80 million, a price-to-earnings ratio of 21.70 and a beta of 1.25.
PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $174.23 million during the quarter. PJT Partners had a net margin of 3.13% and a return on equity of 16.20%.
PJT Partners Profile
PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
Read More: Hedge Funds – Risk or Reward?
Receive News & Ratings for PJT Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PJT Partners and related companies with MarketBeat.com’s FREE daily email newsletter.