Metis Global Partners LLC Buys 5,039 Shares of Paramount Group, Inc. (NYSE:PGRE)

Metis Global Partners LLC lifted its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 38.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,020 shares of the financial services provider’s stock after acquiring an additional 5,039 shares during the period. Metis Global Partners LLC’s holdings in Paramount Group were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PGRE. Long Pond Capital LP grew its stake in Paramount Group by 131.4% in the 2nd quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock valued at $34,731,000 after buying an additional 4,259,635 shares during the last quarter. Millennium Management LLC grew its position in shares of Paramount Group by 4,007.2% in the second quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock valued at $4,417,000 after purchasing an additional 930,721 shares during the last quarter. Swedbank AB bought a new position in shares of Paramount Group in the first quarter worth about $688,000. GSA Capital Partners LLP boosted its stake in Paramount Group by 390.4% during the 3rd quarter. GSA Capital Partners LLP now owns 181,561 shares of the financial services provider’s stock valued at $893,000 after purchasing an additional 144,539 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Paramount Group by 49.7% during the 2nd quarter. Hsbc Holdings PLC now owns 298,932 shares of the financial services provider’s stock valued at $1,372,000 after purchasing an additional 99,220 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Price Performance

Shares of PGRE stock opened at $4.75 on Wednesday. The company has a market capitalization of $1.03 billion, a P/E ratio of -4.84 and a beta of 1.25. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a 12 month low of $4.21 and a 12 month high of $5.92. The stock has a 50 day moving average of $5.03 and a two-hundred day moving average of $4.88.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price target on Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th.

Paramount Group Company Profile

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.