PJT Partners Inc (NYSE:PJT) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lowered its holdings in PJT Partners Inc (NYSE:PJT) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,840 shares of the financial services provider’s stock after selling 914 shares during the period. Fishman Jay A Ltd. MI owned approximately 0.10% of PJT Partners worth $930,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cutler Group LP boosted its stake in PJT Partners by 36.8% in the third quarter. Cutler Group LP now owns 1,115 shares of the financial services provider’s stock valued at $45,000 after buying an additional 300 shares in the last quarter. Aperio Group LLC purchased a new stake in PJT Partners during the 2nd quarter valued at about $53,000. Grisanti Capital Management LLC boosted its holdings in PJT Partners by 92.1% during the 3rd quarter. Grisanti Capital Management LLC now owns 1,460 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 700 shares during the period. Great West Life Assurance Co. Can boosted its holdings in PJT Partners by 5,476.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,450 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,424 shares during the period. Finally, Bank of Montreal Can boosted its holdings in PJT Partners by 655.7% during the 2nd quarter. Bank of Montreal Can now owns 2,252 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,954 shares during the period. 64.34% of the stock is owned by institutional investors.

Shares of NYSE:PJT traded down $0.29 during trading on Friday, hitting $42.27. The stock had a trading volume of 43,957 shares, compared to its average volume of 126,338. PJT Partners Inc has a 12 month low of $35.28 and a 12 month high of $49.14. The company has a market capitalization of $981.60 million, a PE ratio of 21.60 and a beta of 1.25. The firm’s fifty day moving average is $40.51 and its 200 day moving average is $40.40. The company has a quick ratio of 3.77, a current ratio of 2.85 and a debt-to-equity ratio of 0.33.

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PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The company had revenue of $174.23 million for the quarter. PJT Partners had a return on equity of 15.97% and a net margin of 3.13%.

Several equities research analysts recently weighed in on PJT shares. Zacks Investment Research cut PJT Partners from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Sandler O’Neill raised PJT Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. ValuEngine raised PJT Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Buckingham Research increased their target price on PJT Partners from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.50.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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