Patria Investments (NYSE:PAX) PT Lowered to $14.00 at The Goldman Sachs Group

Patria Investments (NYSE:PAX - Free Report) had its price target decreased by The Goldman Sachs Group from $16.00 to $14.00 in a research report report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Patria Investments Stock Performance

Patria Investments stock traded down $0.14 during trading hours on Tuesday, hitting $11.22. 595,215 shares of the stock traded hands, compared to its average volume of 674,373. The firm's 50 day moving average price is $11.36 and its 200-day moving average price is $12.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $670.62 million, a price-to-earnings ratio of 10.24, a P/E/G ratio of 1.47 and a beta of 0.58. Patria Investments has a 1 year low of $10.63 and a 1 year high of $16.16.

Patria Investments (NYSE:PAX - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $69.99 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, equities analysts expect that Patria Investments will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Patria Investments

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of Patria Investments by 19.1% in the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company's stock worth $29,244,000 after buying an additional 389,331 shares during the last quarter. Millennium Management LLC grew its position in Patria Investments by 42.2% during the second quarter. Millennium Management LLC now owns 976,337 shares of the company's stock valued at $11,775,000 after buying an additional 289,830 shares during the period. Capital International Inc. CA increased its holdings in Patria Investments by 6.2% in the first quarter. Capital International Inc. CA now owns 947,997 shares of the company's stock valued at $14,068,000 after buying an additional 55,065 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Patria Investments by 16.2% in the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company's stock worth $6,230,000 after acquiring an additional 58,443 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Patria Investments by 10.3% during the 2nd quarter. National Bank of Canada FI now owns 243,447 shares of the company's stock worth $2,963,000 after acquiring an additional 22,825 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.