PJT Partners Inc. (NYSE:PJT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “PJT Partners Inc. is a financial advisory firm. The Company offers strategic advisory, restructuring and reorganization, fund placement and funds advisory services to corporations, financial sponsors, institutional investors and governments. PJT Partners Inc. is based in NEW YORK, United States. “

PJT has been the topic of a number of other research reports. BidaskClub downgraded PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Bank of America Corporation upgraded PJT Partners from a “neutral” rating to a “buy” rating and lifted their target price for the company from $39.00 to $45.00 in a research note on Thursday, May 11th.

PJT Partners (PJT) opened at 40.31 on Tuesday. The firm’s market capitalization is $746.42 million. The firm has a 50-day moving average price of $41.57 and a 200-day moving average price of $37.39. PJT Partners has a one year low of $23.52 and a one year high of $45.38.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $109.31 million for the quarter. PJT Partners had a negative return on equity of 264.44% and a negative net margin of 0.27%. Equities analysts anticipate that PJT Partners will post $1.73 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in PJT. First Trust Advisors LP increased its position in shares of PJT Partners by 0.8% in the second quarter. First Trust Advisors LP now owns 13,595 shares of the financial services provider’s stock valued at $547,000 after buying an additional 111 shares during the period. Legal & General Group Plc increased its position in shares of PJT Partners by 4.0% in the second quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock valued at $175,000 after buying an additional 169 shares during the period. IFP Advisors Inc increased its position in shares of PJT Partners by 15.7% in the second quarter. IFP Advisors Inc now owns 2,688 shares of the financial services provider’s stock valued at $108,000 after buying an additional 365 shares during the period. Strs Ohio increased its position in shares of PJT Partners by 6.5% in the second quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock valued at $265,000 after buying an additional 400 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of PJT Partners by 3.7% in the first quarter. Teachers Advisors LLC now owns 30,190 shares of the financial services provider’s stock valued at $1,059,000 after buying an additional 1,079 shares during the period. Institutional investors own 58.03% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

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