LGT Capital Partners LTD. grew its position in PQ Group Holdings Inc (NYSE:PQG) by 86.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,000 shares of the company’s stock after acquiring an additional 73,000 shares during the period. LGT Capital Partners LTD. owned about 0.12% of PQ Group worth $2,382,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in PQG. Legal & General Group Plc grew its holdings in PQ Group by 21.5% during the 4th quarter. Legal & General Group Plc now owns 6,775 shares of the company’s stock worth $100,000 after acquiring an additional 1,201 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PQ Group by 74.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,247 shares of the company’s stock worth $48,000 after acquiring an additional 1,388 shares in the last quarter. Teachers Advisors LLC boosted its stake in PQ Group by 6.5% during the third quarter. Teachers Advisors LLC now owns 67,573 shares of the company’s stock worth $1,181,000 after acquiring an additional 4,132 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in PQ Group during the fourth quarter worth $62,000. Finally, Quantamental Technologies LLC bought a new position in PQ Group during the fourth quarter worth $89,000. 69.10% of the stock is owned by institutional investors and hedge funds.
In related news, Director Jonny Ginns purchased 13,112 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of $15.25 per share, for a total transaction of $199,958.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ineos Investments Partnership sold 32,909,062 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $15.38, for a total transaction of $506,141,373.56. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
Shares of PQG opened at $16.01 on Friday. The company has a market capitalization of $2.15 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.18 and a beta of 0.70. The company has a current ratio of 2.19, a quick ratio of 1.15 and a debt-to-equity ratio of 1.27. PQ Group Holdings Inc has a 1-year low of $13.28 and a 1-year high of $18.69.
PQ Group (NYSE:PQG) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $380.00 million for the quarter, compared to the consensus estimate of $364.71 million. PQ Group had a net margin of 3.63% and a return on equity of 7.06%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts anticipate that PQ Group Holdings Inc will post 0.83 EPS for the current fiscal year.
PQ Group Company Profile
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.
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