Empowered Funds LLC Acquires 38,464 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Empowered Funds LLC raised its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 787,582 shares of the company's stock after acquiring an additional 38,464 shares during the quarter. Empowered Funds LLC owned approximately 0.46% of Newmark Group worth $10,089,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Geode Capital Management LLC raised its stake in Newmark Group by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,554,867 shares of the company's stock valued at $55,216,000 after purchasing an additional 190,974 shares during the period. JPMorgan Chase & Co. raised its position in shares of Newmark Group by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 1,223,807 shares of the company's stock valued at $19,006,000 after buying an additional 143,251 shares during the last quarter. Barclays PLC lifted its holdings in shares of Newmark Group by 352.8% in the third quarter. Barclays PLC now owns 227,099 shares of the company's stock worth $3,526,000 after buying an additional 176,947 shares in the last quarter. Algert Global LLC boosted its position in shares of Newmark Group by 64.3% during the third quarter. Algert Global LLC now owns 238,138 shares of the company's stock worth $3,698,000 after acquiring an additional 93,160 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Newmark Group during the third quarter valued at $835,000. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Price Performance

NMRK stock traded up $0.19 during trading on Thursday, hitting $13.82. 1,344,598 shares of the company's stock traded hands, compared to its average volume of 907,984. Newmark Group, Inc. has a 52 week low of $9.44 and a 52 week high of $16.10. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 46.07 and a beta of 1.99. The business has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $14.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wolfe Research cut shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on Newmark Group in a research note on Friday, December 6th. They set a "buy" rating and a $19.00 price target for the company.

Newmark Group Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.