Two Sigma Investments LP bought a new position in PQ Group Holdings (NYSE:PQG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,238 shares of the company’s stock, valued at approximately $349,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio bought a new position in PQ Group in the 4th quarter worth approximately $138,000. Rhumbline Advisers bought a new position in PQ Group in the 4th quarter worth approximately $319,000. American International Group Inc. bought a new position in PQ Group in the 4th quarter worth approximately $325,000. Schneider Downs Wealth Management Advisors LP bought a new position in PQ Group in the 4th quarter worth approximately $384,000. Finally, Engineers Gate Manager LP bought a new position in PQ Group in the 4th quarter worth approximately $402,000. 68.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of PQ Group stock opened at $14.57 on Wednesday. The firm has a market cap of $1,902.83 and a price-to-earnings ratio of 31.67. PQ Group Holdings has a 52 week low of $12.88 and a 52 week high of $17.65. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.90 and a quick ratio of 0.99.
PQ Group (NYSE:PQG) last issued its earnings results on Wednesday, March 21st. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $358.10 million for the quarter, compared to the consensus estimate of $341.30 million. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. sell-side analysts forecast that PQ Group Holdings will post 0.97 EPS for the current year.
In other news, Director Kyle D. Vann acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average price of $14.50 per share, for a total transaction of $145,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David James Taylor acquired 15,000 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was purchased at an average price of $14.39 per share, with a total value of $215,850.00. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.
Several research firms recently weighed in on PQG. KeyCorp dropped their price objective on shares of PQ Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 12th. BMO Capital Markets started coverage on shares of PQ Group in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $21.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of PQ Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. PQ Group presently has a consensus rating of “Buy” and a consensus target price of $19.77.
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.
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