Short Interest in PQ Group Holdings Inc (NYSE:PQG) Increases By 26.1%

PQ Group Holdings Inc (NYSE:PQG) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 283,800 shares, an increase of 26.1% from the May 30th total of 225,000 shares. Based on an average daily volume of 97,300 shares, the short-interest ratio is currently 2.9 days. Approximately 0.8% of the company’s stock are sold short.

Separately, Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.40.

In related news, insider Ray Kolberg sold 12,077 shares of PQ Group stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $15.87, for a total transaction of $191,661.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. Shapiro Capital Management LLC lifted its position in shares of PQ Group by 11.7% in the fourth quarter. Shapiro Capital Management LLC now owns 4,001,646 shares of the company’s stock worth $59,264,000 after buying an additional 417,954 shares during the last quarter. BlackRock Inc. lifted its position in shares of PQ Group by 2.3% in the fourth quarter. BlackRock Inc. now owns 2,491,710 shares of the company’s stock worth $36,903,000 after buying an additional 55,150 shares during the last quarter. Boston Partners lifted its position in shares of PQ Group by 2.3% in the first quarter. Boston Partners now owns 2,186,449 shares of the company’s stock worth $33,168,000 after buying an additional 49,885 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PQ Group by 65.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 656,680 shares of the company’s stock worth $9,726,000 after buying an additional 259,078 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of PQ Group by 1.6% in the fourth quarter. Northern Trust Corp now owns 464,321 shares of the company’s stock worth $6,876,000 after buying an additional 7,316 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Shares of NYSE:PQG traded up $0.27 on Friday, reaching $15.90. The company had a trading volume of 75,351 shares, compared to its average volume of 104,832. PQ Group has a twelve month low of $13.28 and a twelve month high of $18.54. The company has a 50-day moving average of $15.81. The stock has a market cap of $2.16 billion, a PE ratio of 18.28, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 1.28.

PQ Group (NYSE:PQG) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. PQ Group had a return on equity of 6.82% and a net margin of 3.83%. The company had revenue of $359.20 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that PQ Group will post 0.82 EPS for the current year.

PQ Group Company Profile

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

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