21,878 Shares in PQ Group Holdings Inc. (NYSE:PQG) Purchased by ExodusPoint Capital Management LP


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ExodusPoint Capital Management LP purchased a new position in PQ Group Holdings Inc. (NYSE:PQG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,878 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in PQ Group by 2.7% in the 4th quarter. BlackRock Inc. now owns 3,015,157 shares of the company’s stock worth $42,996,000 after purchasing an additional 78,337 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in PQ Group by 67.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 406,429 shares of the company’s stock worth $4,170,000 after purchasing an additional 163,190 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in PQ Group by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 255,242 shares of the company’s stock worth $3,640,000 after purchasing an additional 1,475 shares during the period. Russell Investments Group Ltd. raised its holdings in PQ Group by 32.3% in the 4th quarter. Russell Investments Group Ltd. now owns 242,292 shares of the company’s stock worth $3,453,000 after purchasing an additional 59,221 shares during the period. Finally, First Trust Advisors LP raised its holdings in PQ Group by 117.9% in the 4th quarter. First Trust Advisors LP now owns 217,820 shares of the company’s stock worth $3,106,000 after purchasing an additional 117,878 shares during the period. 69.40% of the stock is owned by institutional investors.

NYSE:PQG opened at $16.35 on Thursday. PQ Group Holdings Inc. has a one year low of $8.98 and a one year high of $18.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.70 and a current ratio of 2.76. The stock has a market cap of $2.24 billion, a PE ratio of 51.10 and a beta of 0.90. The stock has a 50 day moving average price of $16.73 and a 200 day moving average price of $14.11.

PQ Group (NYSE:PQG) last posted its quarterly earnings results on Monday, March 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.12 by $0.49. PQ Group had a return on equity of 5.47% and a net margin of 2.94%. The firm had revenue of $281.50 million during the quarter, compared to analysts’ expectations of $323.78 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts predict that PQ Group Holdings Inc. will post 0.6 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research cut PQ Group from a “hold” rating to a “sell” rating in a report on Friday, March 5th. Morgan Stanley increased their target price on PQ Group from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, December 14th. KeyCorp increased their target price on PQ Group from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, March 15th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $19.00 target price on shares of PQ Group in a report on Monday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.79.

About PQ Group

PQ Group Holdings Inc provides specialty catalysts, materials, chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through four segments: Refining Services, Catalysts, Performance Materials, and Performance Chemicals. The Refining Services segment offers sulfuric acid recycling and end-to-end logistics services to produce alkylate; and virgin sulfuric acid for water treatment, mining, and industrial applications.

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Institutional Ownership by Quarter for PQ Group (NYSE:PQG)

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