PQ Group Holdings Inc (PQG) Stake Decreased by Emerald Advisers Inc. PA

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Emerald Advisers Inc. PA decreased its position in shares of PQ Group Holdings Inc (NYSE:PQG) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,164,573 shares of the company’s stock after selling 63,630 shares during the period. Emerald Advisers Inc. PA’s holdings in PQ Group were worth $20,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in shares of PQ Group during the first quarter worth approximately $139,000. Voya Investment Management LLC acquired a new stake in shares of PQ Group in the second quarter valued at approximately $197,000. Point72 Asset Management L.P. acquired a new stake in shares of PQ Group in the second quarter valued at approximately $329,000. New York State Common Retirement Fund acquired a new stake in shares of PQ Group in the first quarter valued at approximately $278,000. Finally, Barclays PLC increased its holdings in shares of PQ Group by 439.7% in the first quarter. Barclays PLC now owns 25,087 shares of the company’s stock valued at $350,000 after purchasing an additional 20,439 shares in the last quarter. 69.22% of the stock is owned by institutional investors.

Shares of PQ Group stock opened at $16.05 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.23 and a quick ratio of 1.23. The company has a market capitalization of $2.07 billion and a P/E ratio of 34.89. PQ Group Holdings Inc has a fifty-two week low of $12.88 and a fifty-two week high of $18.69.

PQ Group (NYSE:PQG) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $434.70 million during the quarter, compared to analyst estimates of $420.44 million. PQ Group had a net margin of 5.00% and a return on equity of 5.97%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts predict that PQ Group Holdings Inc will post 0.86 earnings per share for the current fiscal year.

In other PQ Group news, insider Paul Ferrall sold 53,323 shares of PQ Group stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $17.87, for a total transaction of $952,882.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 86,959 shares of company stock valued at $1,553,715 in the last ninety days. Company insiders own 3.30% of the company’s stock.

PQG has been the subject of a number of research reports. Nomura raised their price target on shares of PQ Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, August 10th. Citigroup raised their price target on shares of PQ Group from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. lowered shares of PQ Group from an “overweight” rating to a “neutral” rating in a report on Friday, August 10th. Credit Suisse Group raised their price target on shares of PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Finally, BMO Capital Markets raised their price target on shares of PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $20.43.

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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