Quantitative Systematic Strategies LLC Invests $874,000 in PQ Group Holdings Inc (PQG)

Quantitative Systematic Strategies LLC bought a new position in PQ Group Holdings Inc (NYSE:PQG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 53,154 shares of the company’s stock, valued at approximately $874,000.

Separately, Strs Ohio acquired a new stake in shares of PQ Group in the 4th quarter valued at approximately $138,000. 65.33% of the stock is currently owned by institutional investors and hedge funds.

PQG has been the subject of several research reports. Zacks Investment Research raised shares of PQ Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Nomura began coverage on shares of PQ Group in a research report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price objective for the company. Citigroup began coverage on shares of PQ Group in a research report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price objective for the company. Jefferies Group began coverage on shares of PQ Group in a research report on Tuesday, October 24th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Deutsche Bank started coverage on shares of PQ Group in a research report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $19.75.

PQ Group Holdings Inc (PQG) traded up $0.27 during mid-day trading on Friday, reaching $14.44. The company had a trading volume of 208,732 shares, compared to its average volume of 208,870. The firm has a market capitalization of $1,950.00 and a P/E ratio of 722.00. PQ Group Holdings Inc has a fifty-two week low of $14.07 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.04 and a current ratio of 1.84.

PQ Group (NYSE:PQG) last released its earnings results on Monday, November 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The business had revenue of $391.80 million during the quarter, compared to the consensus estimate of $393.86 million. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. analysts anticipate that PQ Group Holdings Inc will post 0.53 EPS for the current fiscal year.

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PQ Group Company Profile

PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.

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

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