Parsons Corp (NYSE:PSN) Shares Bought by Canton Hathaway LLC

Share on StockTwits

Canton Hathaway LLC grew its position in shares of Parsons Corp (NYSE:PSN) by 674.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,740 shares of the company’s stock after acquiring an additional 5,870 shares during the quarter. Canton Hathaway LLC’s holdings in Parsons were worth $222,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio acquired a new stake in Parsons in the second quarter worth about $184,000. JPMorgan Chase & Co. acquired a new stake in Parsons in the second quarter worth about $5,264,000. Wells Fargo & Company MN acquired a new stake in Parsons in the second quarter worth about $35,862,000. Creative Planning acquired a new stake in Parsons in the second quarter worth about $756,000. Finally, Benjamin Edwards Inc. acquired a new stake in Parsons in the second quarter worth about $129,000. 99.43% of the stock is owned by institutional investors and hedge funds.

Parsons stock traded down $0.14 during midday trading on Friday, hitting $32.81. The company’s stock had a trading volume of 246,256 shares, compared to its average volume of 500,083. The business’s 50-day simple moving average is $34.27. Parsons Corp has a 12 month low of $29.03 and a 12 month high of $38.82.

Parsons (NYSE:PSN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.21). The business had revenue of $989.74 million for the quarter, compared to analysts’ expectations of $953.83 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Parsons Corp will post 1.46 EPS for the current fiscal year.

Several research firms recently weighed in on PSN. SunTrust Banks upped their price objective on shares of Parsons from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Zacks Investment Research raised shares of Parsons from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, September 11th. Cowen reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Parsons in a report on Monday, August 26th. Wells Fargo & Co downgraded shares of Parsons from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a report on Wednesday, June 26th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $36.00 price objective on shares of Parsons and gave the stock a “hold” rating in a report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.71.

Parsons Profile

Parsons Corporation provides technology based solutions in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates in two segments, Federal Solutions and Critical Infrastructure. The company offers cybersecurity software and engineering services, hardware prototyping, and other technical services to the U.S.

See Also: Overbought

Want to see what other hedge funds are holding PSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parsons Corp (NYSE:PSN).

Institutional Ownership by Quarter for Parsons (NYSE:PSN)

Receive News & Ratings for Parsons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsons and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.