Jane Street Group LLC Has $1.73 Million Holdings in Paramount Group, Inc. (NYSE:PGRE)

Jane Street Group LLC grew its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 94.8% in the 3rd quarter, Holdings Channel reports. The fund owned 350,559 shares of the financial services provider’s stock after buying an additional 170,639 shares during the period. Jane Street Group LLC’s holdings in Paramount Group were worth $1,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Long Pond Capital LP increased its position in Paramount Group by 131.4% during the 2nd quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock worth $34,731,000 after purchasing an additional 4,259,635 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Paramount Group by 398.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider’s stock worth $6,830,000 after buying an additional 1,109,485 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Paramount Group by 4,007.2% in the 2nd quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock valued at $4,417,000 after acquiring an additional 930,721 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Paramount Group by 782.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock valued at $1,756,000 after acquiring an additional 316,399 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position 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 worth $893,000 after acquiring an additional 144,539 shares during the last quarter. Institutional investors own 65.64% of the company’s stock.

Analyst Ratings Changes

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

Paramount Group Price Performance

PGRE stock opened at $4.85 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of -4.95 and a beta of 1.24. The company has a fifty day moving average price of $4.95 and a 200-day moving average price of $4.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. Paramount Group, Inc. has a 52-week low of $4.21 and a 52-week high of $5.47.

Paramount Group 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.