Clearline Capital LP acquired a new stake in shares of PQ Group Holdings Inc (NYSE:PQG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 94,856 shares of the company’s stock, valued at approximately $1,560,000. PQ Group comprises approximately 0.8% of Clearline Capital LP’s holdings, making the stock its 29th biggest position. Clearline Capital LP owned 0.07% of PQ Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of PQG. Schneider Downs Wealth Management Advisors LP acquired a new position in shares of PQ Group during the fourth quarter valued at about $384,000. Strs Ohio acquired a new position in shares of PQ Group during the fourth quarter valued at about $138,000. Quantitative Systematic Strategies LLC acquired a new position in shares of PQ Group during the fourth quarter valued at about $874,000. Engineers Gate Manager LP acquired a new position in shares of PQ Group during the fourth quarter valued at about $402,000. Finally, Boston Partners acquired a new position in shares of PQ Group during the fourth quarter valued at about $50,356,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.
PQG has been the subject of a number of analyst reports. Deutsche Bank reduced their price objective on shares of PQ Group from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Zacks Investment Research cut shares of PQ Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. PQ Group currently has an average rating of “Buy” and an average price target of $19.75.
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PQ Group Company Profile
PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.
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