Equitable Holdings, Inc. $EQH Stake Lessened by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP reduced its holdings in Equitable Holdings, Inc. (NYSE:EQH) by 85.0% in the 2nd quarter, Holdings Channel reports. The fund owned 85,019 shares of the company’s stock after selling 481,482 shares during the period. Hudson Bay Capital Management LP’s holdings in Equitable were worth $4,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC acquired a new stake in Equitable during the first quarter valued at $27,000. True Wealth Design LLC boosted its holdings in Equitable by 592.6% during the second quarter. True Wealth Design LLC now owns 561 shares of the company’s stock valued at $31,000 after acquiring an additional 480 shares during the period. Orion Capital Management LLC bought a new stake in Equitable during the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its position in Equitable by 92.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 882 shares of the company’s stock worth $46,000 after buying an additional 424 shares during the period. Finally, MAI Capital Management lifted its holdings in shares of Equitable by 64.0% during the second quarter. MAI Capital Management now owns 938 shares of the company’s stock worth $53,000 after buying an additional 366 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Equitable in a report on Monday, December 8th. Wells Fargo & Company reduced their target price on shares of Equitable from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wolfe Research raised Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Evercore ISI upped their price target on Equitable from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Equitable currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.

Insider Buying and Selling

In other Equitable news, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $54.00, for a total transaction of $1,991,952.00. Following the completion of the transaction, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. This represents a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey J. Hurd sold 6,790 shares of Equitable stock in a transaction on Monday, November 17th. The shares were sold at an average price of $43.28, for a total value of $293,871.20. Following the transaction, the chief operating officer directly owned 68,308 shares of the company’s stock, valued at approximately $2,956,370.24. The trade was a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 173,868 shares of company stock valued at $8,599,305. 1.10% of the stock is currently owned by insiders.

Equitable Stock Performance

NYSE EQH opened at $48.33 on Tuesday. Equitable Holdings, Inc. has a twelve month low of $41.39 and a twelve month high of $56.61. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 11.87. The stock has a market cap of $13.85 billion, a P/E ratio of -17.51 and a beta of 1.12. The company’s 50-day simple moving average is $46.95 and its 200 day simple moving average is $50.92.

Equitable (NYSE:EQH) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.11). Equitable had a negative net margin of 5.80% and a positive return on equity of 107.71%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The firm’s revenue for the quarter was down 52.8% compared to the same quarter last year. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.33 earnings per share for the current fiscal year.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 24th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.2%. Equitable’s payout ratio is currently -39.13%.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.