Monarch Partners Asset Management LLC Purchases New Position in PJT Partners Inc (NYSE:PJT)

Monarch Partners Asset Management LLC purchased a new stake in PJT Partners Inc (NYSE:PJT) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 86,700 shares of the financial services provider’s stock, valued at approximately $3,529,000. Monarch Partners Asset Management LLC owned approximately 0.38% of PJT Partners at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in PJT Partners by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,051 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 254 shares in the last quarter. Cutler Group LP increased its holdings in PJT Partners by 36.8% in the 3rd quarter. Cutler Group LP now owns 1,115 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. First Bank & Trust increased its holdings in PJT Partners by 8.4% in the 3rd quarter. First Bank & Trust now owns 5,907 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 457 shares in the last quarter. BB&T Securities LLC increased its holdings in PJT Partners by 5.8% in the 3rd quarter. BB&T Securities LLC now owns 12,004 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 653 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in PJT Partners by 21.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,700 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 64.34% of the company’s stock.

NYSE:PJT traded down $0.29 on Friday, reaching $42.27. The stock had a trading volume of 44,418 shares, compared to its average volume of 126,338. The company has a current ratio of 2.85, a quick ratio of 3.77 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $40.50 and a 200 day moving average of $40.39. The stock has a market cap of $981.60 million, a P/E ratio of 21.60 and a beta of 1.25. PJT Partners Inc has a 12-month low of $35.28 and a 12-month high of $49.14.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $174.23 million during the quarter. PJT Partners had a net margin of 3.13% and a return on equity of 15.97%.

PJT has been the subject of several recent research reports. Buckingham Research increased their price target on PJT Partners from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. ValuEngine upgraded PJT Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Sandler O’Neill upgraded PJT Partners from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research cut shares of PJT Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. PJT Partners presently has a consensus rating of “Hold” and an average target price of $49.50.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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