WINTON GROUP Ltd Sells 25,727 Shares of PQ Group Holdings Inc (NYSE:PQG)

WINTON GROUP Ltd decreased its position in PQ Group Holdings Inc (NYSE:PQG) by 52.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,926 shares of the company’s stock after selling 25,727 shares during the quarter. WINTON GROUP Ltd’s holdings in PQ Group were worth $363,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of PQ Group by 65.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 656,680 shares of the company’s stock valued at $9,726,000 after buying an additional 259,078 shares in the last quarter. Principal Financial Group Inc. boosted its position in PQ Group by 43.9% during the fourth quarter. Principal Financial Group Inc. now owns 23,323 shares of the company’s stock worth $345,000 after purchasing an additional 7,118 shares during the period. Victory Capital Management Inc. bought a new stake in PQ Group during the first quarter worth approximately $309,000. BNP Paribas Arbitrage SA boosted its position in PQ Group by 262.4% during the first quarter. BNP Paribas Arbitrage SA now owns 8,465 shares of the company’s stock worth $128,000 after purchasing an additional 6,129 shares during the period. Finally, Northern Trust Corp boosted its position in PQ Group by 1.6% during the fourth quarter. Northern Trust Corp now owns 464,321 shares of the company’s stock worth $6,876,000 after purchasing an additional 7,316 shares during the period. 68.86% of the stock is owned by institutional investors and hedge funds.

PQ Group stock traded down $0.19 during trading hours on Friday, reaching $14.77. 498 shares of the company were exchanged, compared to its average volume of 73,042. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $15.91. PQ Group Holdings Inc has a 12 month low of $13.28 and a 12 month high of $18.54.

PQ Group (NYSE:PQG) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. PQ Group had a return on equity of 6.82% and a net margin of 3.83%. The company had revenue of $359.20 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same period in the prior year, the business earned $0.16 earnings per share. PQ Group’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that PQ Group Holdings Inc will post 0.81 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut PQ Group from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.40.

In other news, insider Ray Kolberg sold 12,077 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $15.87, for a total value of $191,661.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.

About PQ Group

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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Institutional Ownership by Quarter for PQ Group (NYSE:PQG)

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