D. E. Shaw & Co. Inc. Sells 51,964 Shares of Drive Shack Inc (NYSE:DS)

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D. E. Shaw & Co. Inc. lessened its stake in shares of Drive Shack Inc (NYSE:DS) by 46.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,227 shares of the real estate investment trust’s stock after selling 51,964 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.09% of Drive Shack worth $282,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. WINTON GROUP Ltd boosted its position in shares of Drive Shack by 9.8% during the 2nd quarter. WINTON GROUP Ltd now owns 35,727 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 3,179 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Drive Shack by 95.4% in the 2nd quarter. Bank of Montreal Can now owns 10,523 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 5,138 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Drive Shack in the 1st quarter worth about $50,000. Northern Trust Corp raised its holdings in shares of Drive Shack by 1.6% in the 2nd quarter. Northern Trust Corp now owns 788,328 shares of the real estate investment trust’s stock worth $3,697,000 after acquiring an additional 12,170 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Drive Shack by 17.0% in the 2nd quarter. GSA Capital Partners LLP now owns 91,496 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 13,315 shares during the last quarter. 58.78% of the stock is currently owned by institutional investors.

DS opened at $3.91 on Friday. The company has a debt-to-equity ratio of 7.59, a quick ratio of 1.22 and a current ratio of 1.22. Drive Shack Inc has a fifty-two week low of $3.55 and a fifty-two week high of $6.62. The company’s 50-day moving average is $4.40 and its 200 day moving average is $4.75.

Drive Shack (NYSE:DS) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.15). Drive Shack had a negative return on equity of 62.92% and a negative net margin of 15.99%. The business had revenue of $71.62 million during the quarter, compared to analyst estimates of $56.40 million. As a group, research analysts predict that Drive Shack Inc will post -0.5 EPS for the current year.

A number of research firms recently weighed in on DS. ValuEngine upgraded shares of Drive Shack from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. Zacks Investment Research lowered shares of Drive Shack from a “hold” rating to a “sell” rating in a report on Monday, August 26th.

Drive Shack Profile

Drive Shack Inc owns and operates golf-related leisure and entertainment businesses. Its Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida. This segment also focuses on opening a chain of dining and entertainment golf venues in the United States and internationally, which combine golf, competition, dining, and fun.

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Institutional Ownership by Quarter for Drive Shack (NYSE:DS)

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