Short Interest in PJT Partners Inc. (NYSE:PJT) Rises By 26.5%


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PJT Partners Inc. (NYSE:PJT) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 657,600 shares, a growth of 26.5% from the March 31st total of 519,700 shares. Based on an average daily volume of 202,100 shares, the short-interest ratio is currently 3.3 days. Currently, 2.8% of the shares of the company are short sold.

Several research firms have recently weighed in on PJT. Zacks Investment Research raised PJT Partners from a “strong sell” rating to a “hold” rating in a report on Friday. Keefe, Bruyette & Woods assumed coverage on PJT Partners in a research note on Thursday, March 25th. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of PJT Partners in a research note on Wednesday, April 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. PJT Partners currently has a consensus rating of “Buy” and an average target price of $80.80.

NYSE PJT traded down $2.04 on Tuesday, hitting $70.64. 227,737 shares of the company’s stock were exchanged, compared to its average volume of 192,515. The firm’s 50-day moving average price is $70.23 and its two-hundred day moving average price is $71.92. PJT Partners has a fifty-two week low of $44.41 and a fifty-two week high of $81.82. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 20.24 and a beta of 0.90.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, April 27th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.16. PJT Partners had a return on equity of 27.00% and a net margin of 9.01%. As a group, equities analysts expect that PJT Partners will post 4.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Wednesday, June 2nd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Tuesday, June 1st. PJT Partners’s dividend payout ratio is currently 8.30%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC acquired a new stake in shares of PJT Partners in the 4th quarter worth approximately $25,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of PJT Partners by 45.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 468 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 147 shares during the period. Trust Co. of Vermont acquired a new stake in shares of PJT Partners in the 1st quarter worth approximately $37,000. Lazard Asset Management LLC purchased a new stake in PJT Partners in the 4th quarter valued at approximately $43,000. Finally, Penbrook Management LLC purchased a new stake in PJT Partners in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and capital markets advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capabilities, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, and activism defense.

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