Perella Weinberg Partners (NASDAQ:PWP) Stock Rating Lowered by Wall Street Zen

Perella Weinberg Partners (NASDAQ:PWP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on shares of Perella Weinberg Partners from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Perella Weinberg Partners has a consensus rating of “Hold” and a consensus price target of $22.00.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $17.72 on Friday. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $27.03. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 26.85 and a beta of 1.63. The stock has a fifty day moving average of $18.71 and a 200-day moving average of $19.96.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $164.65 million during the quarter, compared to analyst estimates of $179.83 million. Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.

Institutional Trading of Perella Weinberg Partners

Institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in shares of Perella Weinberg Partners by 57.2% during the 3rd quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company’s stock valued at $76,038,000 after purchasing an additional 1,298,246 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Perella Weinberg Partners by 73.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock worth $60,911,000 after buying an additional 1,328,312 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Perella Weinberg Partners by 128.6% during the 1st quarter. Wellington Management Group LLP now owns 3,009,484 shares of the company’s stock worth $55,375,000 after buying an additional 1,692,922 shares in the last quarter. Channing Capital Management LLC grew its position in shares of Perella Weinberg Partners by 215.2% during the 1st quarter. Channing Capital Management LLC now owns 2,142,888 shares of the company’s stock worth $39,429,000 after buying an additional 1,463,083 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Perella Weinberg Partners by 79.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock valued at $30,588,000 after acquiring an additional 698,021 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.