Paramount Group (NYSE:PGRE) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Paramount Group, Inc. (NYSE:PGRE) saw unusually-high trading volume on Thursday . Approximately 1,181,420 shares traded hands during trading, an increase of 19% from the previous session’s volume of 994,978 shares.The stock last traded at $4.92 and had previously closed at $4.55.

Paramount Group Price Performance

The company’s 50 day moving average price is $4.78 and its 200-day moving average price is $4.92. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -4.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45.

Institutional Investors Weigh In On Paramount Group

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Paramount Group by 398.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider’s stock valued at $6,830,000 after acquiring an additional 1,109,485 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Paramount Group by 4,007.2% during the 2nd quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock valued at $4,417,000 after acquiring an additional 930,721 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Paramount Group by 21.4% in the third quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider’s stock valued at $12,388,000 after purchasing an additional 443,777 shares in the last quarter. Geode Capital Management LLC increased its position in Paramount Group by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider’s stock worth $23,107,000 after purchasing an additional 345,450 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Paramount Group by 782.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock valued at $1,756,000 after buying an additional 316,399 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Company Profile

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.