Connor Clark & Lunn Investment Management Ltd. Purchases 316,399 Shares of Paramount Group, Inc. (NYSE:PGRE)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 782.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 356,825 shares of the financial services provider's stock after acquiring an additional 316,399 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Paramount Group worth $1,756,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Paramount Group by 7.0% during the second quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider's stock worth $156,000 after purchasing an additional 2,202 shares in the last quarter. ProShare Advisors LLC grew its holdings in Paramount Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider's stock valued at $156,000 after buying an additional 2,617 shares during the last quarter. Bank of Montreal Can raised its holdings in Paramount Group by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider's stock valued at $540,000 after acquiring an additional 2,811 shares during the last quarter. abrdn plc raised its stake in Paramount Group by 10.5% during the third quarter. abrdn plc now owns 36,830 shares of the financial services provider's stock worth $181,000 after purchasing an additional 3,514 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Paramount Group by 8.6% during the 2nd quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider's stock valued at $225,000 after acquiring an additional 3,873 shares in the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their target price on shares of Paramount Group from $3.50 to $4.00 and gave the stock an "underweight" rating in a report on Wednesday, September 11th.

Paramount Group Price Performance

PGRE traded up $0.04 during midday trading on Tuesday, reaching $4.88. 500,832 shares of the company's stock were exchanged, compared to its average volume of 1,099,553. The business has a 50-day simple moving average of $5.01 and a two-hundred day simple moving average of $4.88. Paramount Group, Inc. has a one year low of $4.21 and a one year high of $5.92. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.98 and a beta of 1.25. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group Profile

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.