Allspring Global Investments Holdings LLC Boosts Holdings in Equity Commonwealth (NYSE:EQC)

Allspring Global Investments Holdings LLC grew its position in shares of Equity Commonwealth (NYSE:EQC) by 435.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,714 shares of the real estate investment trust’s stock after buying an additional 73,766 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Equity Commonwealth worth $1,742,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Equity Commonwealth in the fourth quarter valued at about $34,000. Van ECK Associates Corp purchased a new position in shares of Equity Commonwealth during the 3rd quarter worth approximately $38,000. Signaturefd LLC lifted its holdings in shares of Equity Commonwealth by 89.6% in the 3rd quarter. Signaturefd LLC now owns 2,688 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,270 shares during the period. ORG Partners LLC purchased a new stake in shares of Equity Commonwealth in the third quarter valued at approximately $108,000. Finally, First Affirmative Financial Network acquired a new position in Equity Commonwealth during the fourth quarter worth $196,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Equity Commonwealth Stock Performance

Equity Commonwealth stock opened at $18.61 on Tuesday. Equity Commonwealth has a one year low of $17.93 and a one year high of $21.49. The company has a market cap of $1.99 billion, a P/E ratio of 24.49 and a beta of 0.24. The business has a fifty day moving average of $18.72 and a two-hundred day moving average of $18.94.

Insider Buying and Selling

In other Equity Commonwealth news, CAO Andrew Levy sold 2,409 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $18.71, for a total value of $45,072.39. Following the completion of the transaction, the chief accounting officer now directly owns 2,305 shares of the company’s stock, valued at $43,126.55. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is owned by insiders.

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.