58,848 Shares in Paramount Group, Inc. (NYSE:PGRE) Purchased by ClearAlpha Technologies LP

ClearAlpha Technologies LP acquired a new stake in Paramount Group, Inc. (NYSE:PGRE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,848 shares of the financial services provider’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Long Pond Capital LP increased its holdings in shares of Paramount Group by 131.4% in the 2nd quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock valued at $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 Paramount Group by 398.0% in 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 valued at $6,830,000 after buying an additional 1,109,485 shares in the last quarter. Millennium Management LLC lifted its position in shares of Paramount Group by 4,007.2% during 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 period. Connor Clark & Lunn Investment Management Ltd. lifted its position 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 during the period. Finally, Swedbank AB purchased a new stake in shares of Paramount Group during the 1st quarter worth approximately $688,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Trading Down 1.7 %

Shares of PGRE opened at $4.78 on Tuesday. Paramount Group, Inc. has a 12-month low of $4.21 and a 12-month high of $5.92. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The company has a 50-day moving average of $4.99 and a two-hundred day moving average of $4.88.

Analysts Set New Price Targets

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

About Paramount Group

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.