The most up-to-date Form 13F submitting that Russell Investments Group Ltd made with the Securities and Exchange Commission reveals that through the third quarter, the corporate’s holdings in Cohen & Steers, INC (NYSE: CNS) have been decreased by 26.7%.
After promoting 19,191 shares of the asset supervisor’s inventory through the quarter, the institutional investor now has 52,732 shares.
This brings the overall quantity of shares owned by the investor to a constructive quantity. Russell Investments Group Ltd held Cohen & Steers for a complete of $3,302,000, equal to 0.11% of the agency, as acknowledged in the newest report submitted to the Securities and Exchange Commission.
In current months, hedge funds and different institutional buyers have seen important shifts in technique concerning how they put money into the corporate.
During the second quarter of the fiscal yr, Bridgewater Associates LP elevated the proportion of Cohen & Steers inventory owned by 1,122.5%.
Bridgewater Associates LP elevated its holdings within the asset supervisor’s inventory throughout the newest quarter by buying a further 205,941 shares.
This introduced their complete holdings to 224,288 shares of the corporate’s inventory, which have a price of $14,262,000.
During the second quarter, Victory Capital Management INC introduced the overall quantity of Cohen & Steers inventory it owned to 17.5% larger than earlier than. Victory Capital Management INC owns 1,055,945 shares of the asset supervisor’s inventory, collectively costing $67,147,000.
This is the outcome of a current buy of a further 157,529 shares through the quarter that got here earlier than this one.
During the second quarter, Renaissance Technologies LLC noticed a progress within the proportion of Cohen & Steers that it owned of 605.7% in comparison with the earlier quarter.
Because Renaissance Technologies LLC now owns 102,412 of the asset supervisor’s shares, the enterprise’s present market worth is $6,512,000.
This is a direct outcome of the extra 87,900 shares bought throughout the newest interval.
Eaton Vance Management elevated the quantity of Cohen & Steers inventory owned by 12.9% through the yr’s first three months.
After making a brand new buy of 49,397 shares throughout the newest quarter, Eaton Vance Management now owns 431,022 shares of the asset supervisor’s inventory.
Eaton Vance Management’s present market worth on this inventory is $37,020,000.
In the primary three months of 2018, Vanguard Group INC elevated the quantity of Cohen & Steers inventory owned by 1.7%, bringing us to our final level. Following the acquisition of 42,839 further shares through the related interval, Vanguard Group INC has a complete of 2,553,153 of the asset supervisor’s inventory in its possession.
At the second, the worth of the inventory is set to be $219,291,000.
The mixed holdings of the corporate’s inventory by institutional buyers and hedge funds quantity to 47.37% of the corporate’s complete inventory.
In a separate piece of data, StockNews.com revealed a analysis report on Saturday, December twenty fourth, stating that the “purchase” advice beforehand given to Cohen & Steers has been modified to a “maintain” ranking.
This was an essential growth within the business.
Trading on the NYSE CNS obtained underway on Monday with a value of $76.06 per share.
The firm’s price-to-earnings ratio, which is 21.92, and its beta worth, which is 1.35, are very excessive.
The firm has a market capitalization of $3.70 billion at current. Over the final 50 days, the inventory value has reached a median of $68.36, and during the last 200 days, it has reached a median of $67.93.
During the previous yr, the value of Cohen & Steers, INC has fluctuated between a low of $52.34 and a excessive of $88.11, with a low of $52.34 because the lowest level.
The most up-to-date earnings report for Cohen & Steers (NYSE: CNS) was made public on January twenty fifth of this yr.
The funding supervisor reported a quarterly revenue of $0.79 per share, which fell brief of the $0.81 per share analysts within the related business had predicted the corporate would earn. Cohen & Steers did extraordinarily nicely of their funds, as proven by the excessive internet margin of 30.17% and the 63.55% return on fairness they earned.
The gross sales for the corporate for the quarter got here in at $125.34 million, which is a big enhance in comparison with the $120.45 million that analysts anticipated it might usher in. Compared to the earlier yr’s outcomes for a similar quarter, the corporate’s earnings per share got here in at $1.24.
The firm’s quarterly income decreased by 21.5% when measured in opposition to the identical interval within the yr earlier than the present one.
Cohen & Steers, INC is an funding administration firm that primarily emphasizes actual liquid property reminiscent of actual property securities, listed infrastructure, commodities, pure useful resource shares, most well-liked securities, and different income-generating funding alternatives.
These actual property embody the next: It is in cost of managing all kinds of funding autos, some of which embody institutional accounts, open-end funds, and closed-end funds, amongst others.
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