Altman Advisors Inc. acquired a new stake in shares of Newmark Group Inc (NASDAQ:NMRK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 135,310 shares of the company’s stock, valued at approximately $1,226,000. Altman Advisors Inc. owned approximately 0.08% of Newmark Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NMRK. Balyasny Asset Management LLC acquired a new position in Newmark Group during the second quarter valued at approximately $113,000. DekaBank Deutsche Girozentrale acquired a new position in Newmark Group during the second quarter valued at approximately $109,000. Atria Investments LLC acquired a new position in Newmark Group during the second quarter valued at approximately $2,286,000. JPMorgan Chase & Co. acquired a new position in Newmark Group during the second quarter valued at approximately $7,101,000. Finally, Wintrust Investments LLC acquired a new position in Newmark Group during the second quarter valued at approximately $2,528,000. 57.28% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on NMRK shares. Zacks Investment Research downgraded Newmark Group from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of Newmark Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Compass Point assumed coverage on shares of Newmark Group in a research note on Wednesday, July 10th. They issued a “buy” rating and a $14.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Newmark Group has a consensus rating of “Buy” and a consensus target price of $14.00.

NMRK stock traded up $0.06 during midday trading on Wednesday, hitting $8.90. The stock had a trading volume of 33,380 shares, compared to its average volume of 999,296. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 5.88, a P/E/G ratio of 0.65 and a beta of 1.24. Newmark Group Inc has a 52 week low of $7.02 and a 52 week high of $11.17. The stock has a 50-day simple moving average of $9.08 and a 200 day simple moving average of $8.84. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.63.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $551.50 million during the quarter, compared to analysts’ expectations of $513.63 million. Newmark Group had a return on equity of 40.30% and a net margin of 5.69%. Newmark Group’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Newmark Group Inc will post 1.64 EPS for the current year.

Newmark Group Profile

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.

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Institutional Ownership by Quarter for Newmark Group (NASDAQ:NMRK)

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