SG Americas Securities LLC Purchases 39,062 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

SG Americas Securities LLC grew its holdings in Newmark Group, Inc. (NASDAQ:NMRK - Free Report) by 540.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,289 shares of the company's stock after acquiring an additional 39,062 shares during the quarter. SG Americas Securities LLC's holdings in Newmark Group were worth $593,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in Newmark Group in the 3rd quarter valued at approximately $93,000. Mackenzie Financial Corp raised its holdings in shares of Newmark Group by 21.0% in the second quarter. Mackenzie Financial Corp now owns 12,389 shares of the company's stock valued at $127,000 after purchasing an additional 2,153 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Newmark Group by 408.2% in the third quarter. Blue Trust Inc. now owns 9,401 shares of the company's stock worth $146,000 after purchasing an additional 7,551 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Newmark Group in the third quarter worth $178,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Newmark Group in the third quarter worth $181,000. Institutional investors and hedge funds own 58.42% of the company's stock.

Newmark Group Stock Performance

NASDAQ NMRK traded down $0.33 on Monday, hitting $13.81. 393,083 shares of the stock were exchanged, compared to its average volume of 906,178. The company has a market capitalization of $2.36 billion, a PE ratio of 46.01 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The business's fifty day moving average is $13.81 and its 200 day moving average is $14.03. Newmark Group, Inc. has a 52 week low of $9.44 and a 52 week high of $16.10.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The company had revenue of $685.90 million for the quarter, compared to analysts' expectations of $682.07 million. During the same period in the prior year, the firm earned $0.27 EPS. Newmark Group's quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Newmark Group, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NMRK has been the topic of several analyst reports. Wolfe Research cut shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, November 25th. The Goldman Sachs Group began coverage on Newmark Group in a research report on Friday, December 6th. They issued a "buy" rating and a $19.00 target price on the stock.

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.