Whitebox Advisors LLC trimmed its position in Equity Commonwealth (NYSE:EQC - Free Report) by 75.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 264,626 shares of the real estate investment trust's stock after selling 794,374 shares during the quarter. Whitebox Advisors LLC owned approximately 0.25% of Equity Commonwealth worth $5,266,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EQC. Manning & Napier Advisors LLC bought a new position in Equity Commonwealth during the 2nd quarter worth $3,463,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Equity Commonwealth in the third quarter valued at about $626,000. Brandes Investment Partners LP increased its position in Equity Commonwealth by 9.2% during the second quarter. Brandes Investment Partners LP now owns 670,692 shares of the real estate investment trust's stock worth $13,004,000 after acquiring an additional 56,490 shares during the period. Harbor Capital Advisors Inc. raised its stake in Equity Commonwealth by 147.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 161,729 shares of the real estate investment trust's stock worth $3,218,000 after purchasing an additional 96,312 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Equity Commonwealth in the 2nd quarter valued at about $1,712,000. 96.00% of the stock is owned by institutional investors and hedge funds.
Equity Commonwealth Stock Up 0.3 %
Shares of EQC stock traded up $0.06 during trading hours on Friday, reaching $20.39. The company's stock had a trading volume of 14,314,983 shares, compared to its average volume of 3,586,003. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 52.28 and a beta of 0.27. Equity Commonwealth has a fifty-two week low of $17.93 and a fifty-two week high of $21.00. The firm's 50 day simple moving average is $19.96 and its 200-day simple moving average is $19.81.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Equity Commonwealth from a "hold" rating to a "sell" rating in a research report on Friday, October 25th.
View Our Latest Analysis on EQC
Equity Commonwealth Profile
(
Free Report)
Equity Commonwealth NYSE: EQC is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.
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