Westwood Holdings Group (NYSE:WHG) Stock Gets Downgrade from Wall Street Zen

Westwood Holdings Group (NYSE:WHG – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Westwood Holdings Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

View Our Latest Stock Report on WHG

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $18.62 on Friday. The company has a market capitalization of $176.75 million, a price-to-earnings ratio of 16.70 and a beta of 0.57. Westwood Holdings Group has a 52-week low of $14.70 and a 52-week high of $20.97. The company has a 50-day simple moving average of $18.91 and a two-hundred day simple moving average of $17.92.

Westwood Holdings Group (NYSE:WHG – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The asset manager reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $26.57 million during the quarter. Westwood Holdings Group had a net margin of 7.73% and a return on equity of 8.10%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Westwood Holdings Group in the second quarter worth approximately $11,155,000. De Lisle Partners LLP acquired a new stake in shares of Westwood Holdings Group during the 2nd quarter worth approximately $960,000. Bank of America Corp DE bought a new stake in Westwood Holdings Group during the second quarter valued at $887,000. Empowered Funds LLC purchased a new stake in Westwood Holdings Group in the 2nd quarter valued at about $843,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Westwood Holdings Group in the second quarter worth $396,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group News Summary

Here are the key news stories impacting Westwood Holdings Group this week:

Westwood Holdings Group Company Profile

(Get Free Report)

Westwood Holdings Group, Inc is an investment management firm headquartered in Dallas, Texas. Through its subsidiaries, the company provides investment advisory and asset management services to institutional investors, private wealth clients, family offices and investment vehicles.

Westwood manages a range of investment strategies, including equity, income, multi-asset and alternative offerings. Its products and services are designed to address the needs of pension plans, endowments, foundations, corporations, high-net-worth individuals and other investors seeking professionally managed portfolios.

Founded in 1983, Westwood serves clients primarily in the United States and has expanded its capabilities through internal investment teams and strategic acquisitions.

Further Reading

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