Kornitzer Capital Management Inc. KS Acquires New Shares in PJT Partners Inc. $PJT

Kornitzer Capital Management Inc. KS bought a new stake in PJT Partners Inc. (NYSE:PJT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,225 shares of the financial services provider’s stock, valued at approximately $4,839,000.

Other institutional investors have also bought and sold shares of the company. CWM LLC boosted its stake in PJT Partners by 50.8% during the 3rd quarter. CWM LLC now owns 181 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 61 shares in the last quarter. M&T Bank Corp raised its holdings in shares of PJT Partners by 3.3% in the 2nd quarter. M&T Bank Corp now owns 2,302 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 74 shares in the last quarter. F m Investments LLC lifted its stake in PJT Partners by 0.3% during the second quarter. F m Investments LLC now owns 26,851 shares of the financial services provider’s stock valued at $4,431,000 after purchasing an additional 80 shares during the last quarter. Huntington National Bank boosted its holdings in PJT Partners by 13.8% during the second quarter. Huntington National Bank now owns 710 shares of the financial services provider’s stock worth $117,000 after buying an additional 86 shares in the last quarter. Finally, Intrust Bank NA grew its position in PJT Partners by 2.7% in the second quarter. Intrust Bank NA now owns 3,451 shares of the financial services provider’s stock worth $569,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Trading Down 1.3%

Shares of NYSE:PJT opened at $176.47 on Wednesday. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 27.15 and a beta of 0.84. PJT Partners Inc. has a 1 year low of $119.76 and a 1 year high of $195.62. The business has a fifty day simple moving average of $174.14 and a 200 day simple moving average of $176.43.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.61. The company had revenue of $447.09 million during the quarter, compared to the consensus estimate of $386.76 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%. On average, sell-side analysts forecast that PJT Partners Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

PJT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a research report on Thursday, January 8th. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a report on Wednesday, January 7th. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. BMO Capital Markets started coverage on shares of PJT Partners in a report on Friday, October 3rd. They issued an “outperform” rating and a $205.00 target price for the company. Finally, UBS Group started coverage on shares of PJT Partners in a report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $180.60.

PJT Partners Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.