Equity Commonwealth (NYSE:EQC) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC cut its stake in shares of Equity Commonwealth (NYSE:EQC) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 353,904 shares of the real estate investment trust’s stock after selling 16,865 shares during the period. GW&K Investment Management LLC’s holdings in Equity Commonwealth were worth $6,795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Equity Commonwealth in the 4th quarter valued at about $34,000. Van ECK Associates Corp purchased a new position in shares of Equity Commonwealth during the third quarter worth approximately $38,000. Signaturefd LLC grew its stake 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 purchasing an additional 1,270 shares during the last quarter. ORG Partners LLC purchased a new position in Equity Commonwealth during the third quarter worth about $108,000. Finally, Graham Capital Wealth Management LLC acquired a new stake in Equity Commonwealth in the fourth quarter valued at $195,000. 96.00% of the stock is owned by institutional investors and hedge funds.

Equity Commonwealth Stock Down 0.3 %

Shares of EQC stock opened at $19.31 on Thursday. Equity Commonwealth has a fifty-two week low of $17.93 and a fifty-two week high of $21.49. The stock has a market cap of $2.07 billion, a P/E ratio of 24.44 and a beta of 0.24. The business has a fifty day simple moving average of $18.90 and a 200-day simple moving average of $19.00.

Insider Activity at Equity Commonwealth

In other news, CAO Andrew Levy sold 2,409 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $18.71, for a total value of $45,072.39. Following the transaction, the chief accounting officer now owns 2,305 shares of the company’s stock, valued at approximately $43,126.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is currently owned by corporate 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.