Sei Investments Co. Has $87,000 Holdings in Paramount Group, Inc. (NYSE:PGRE)

Sei Investments Co. cut its position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 77.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,630 shares of the financial services provider's stock after selling 61,271 shares during the quarter. Sei Investments Co.'s holdings in Paramount Group were worth $87,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Metis Global Partners LLC grew its stake in shares of Paramount Group by 16.3% during the 4th quarter. Metis Global Partners LLC now owns 20,955 shares of the financial services provider's stock worth $104,000 after acquiring an additional 2,935 shares in the last quarter. US Bancorp DE boosted its holdings in Paramount Group by 33.9% during the fourth quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock worth $72,000 after purchasing an additional 3,708 shares during the last quarter. Xponance Inc. grew its position in Paramount Group by 54.8% in the fourth quarter. Xponance Inc. now owns 18,519 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 6,554 shares in the last quarter. FMR LLC increased its stake in Paramount Group by 42.5% in the 3rd quarter. FMR LLC now owns 22,695 shares of the financial services provider's stock valued at $112,000 after buying an additional 6,768 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Paramount Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 340,672 shares of the financial services provider's stock worth $1,683,000 after buying an additional 7,574 shares in the last quarter. Institutional investors and hedge funds own 65.64% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PGRE shares. Morgan Stanley restated an "underweight" rating and issued a $3.25 price objective on shares of Paramount Group in a report on Tuesday. Mizuho decreased their price target on Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

Insider Transactions at Paramount Group

In other news, CEO Albert P. Behler acquired 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $4.15 per share, with a total value of $41,500.00. Following the acquisition, the chief executive officer now directly owns 751,812 shares in the company, valued at $3,120,019.80. This represents a 1.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 13.50% of the stock is owned by corporate insiders.

Paramount Group Stock Performance

Shares of NYSE:PGRE traded down $0.13 on Tuesday, hitting $4.12. The company had a trading volume of 2,135,410 shares, compared to its average volume of 1,120,010. The stock has a 50 day moving average price of $4.34 and a 200 day moving average price of $4.69. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a market cap of $902.11 million, a price-to-earnings ratio of -4.20 and a beta of 1.10. Paramount Group, Inc. has a 1-year low of $3.75 and a 1-year high of $5.47.

Paramount Group (NYSE:PGRE - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $186.27 million for the quarter, compared to analysts' expectations of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. Analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current year.

About Paramount Group

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.