Zimmer Partners LP purchased a new position in PQ Group Holdings Inc (NYSE:PQG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,955,470 shares of the company’s stock, valued at approximately $81,517,000. PQ Group comprises 2.0% of Zimmer Partners LP’s portfolio, making the stock its 18th biggest holding. Zimmer Partners LP owned approximately 3.66% of PQ Group as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of PQG. Schneider Downs Wealth Management Advisors LP acquired a new position in PQ Group during the fourth quarter worth $384,000. Strs Ohio acquired a new position in PQ Group during the fourth quarter worth $138,000. Quantitative Systematic Strategies LLC acquired a new position in PQ Group during the fourth quarter worth $874,000. Engineers Gate Manager LP acquired a new position in PQ Group during the fourth quarter worth $402,000. Finally, Boston Partners acquired a new position in PQ Group during the fourth quarter worth $50,356,000. 68.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of PQ Group Holdings Inc (PQG) opened at $13.65 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.84 and a debt-to-equity ratio of 2.40. PQ Group Holdings Inc has a fifty-two week low of $12.88 and a fifty-two week high of $17.65.
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PQ Group 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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