Harbor Capital Advisors Inc. Boosts Stake in Cohen & Steers, Inc. (NYSE:CNS)

Harbor Capital Advisors Inc. raised its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 113.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,108 shares of the asset manager's stock after purchasing an additional 13,872 shares during the quarter. Harbor Capital Advisors Inc. owned 0.05% of Cohen & Steers worth $2,505,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CNS. GAMMA Investing LLC lifted its holdings in shares of Cohen & Steers by 115.1% in the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager's stock valued at $27,000 after purchasing an additional 198 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Cohen & Steers by 19.8% in the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC increased its holdings in Cohen & Steers by 16.9% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after buying an additional 119 shares during the last quarter. nVerses Capital LLC acquired a new stake in Cohen & Steers in the third quarter worth $125,000. Finally, Meeder Asset Management Inc. acquired a new stake in Cohen & Steers in the second quarter worth about $161,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Stock Performance

NYSE CNS traded up $3.22 on Tuesday, hitting $101.18. 348,142 shares of the stock traded hands, compared to its average volume of 225,981. The business's fifty day moving average is $94.74 and its two-hundred day moving average is $82.20. Cohen & Steers, Inc. has a 12 month low of $51.61 and a 12 month high of $110.67. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 37.75 and a beta of 1.53.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The firm had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a net margin of 27.23% and a return on equity of 34.43%. The company's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CNS shares. Evercore ISI lifted their price target on Cohen & Steers from $92.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, October 4th. UBS Group upgraded shares of Cohen & Steers from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.