Central Securities Corporation (NYSEAMERICAN:CET – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $55.99 and last traded at $55.9850, with a volume of 6567 shares traded. The stock had previously closed at $55.50.
Central Securities Stock Performance
The stock’s 50 day moving average is $53.98 and its 200 day moving average is $52.70.
Institutional Investors Weigh In On Central Securities
Several institutional investors have recently made changes to their positions in CET. Williams Jones Wealth Management LLC. grew its position in Central Securities by 4.9% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 4,376 shares of the company’s stock valued at $222,000 after acquiring an additional 204 shares during the last quarter. UBS Group AG lifted its holdings in shares of Central Securities by 0.4% in the 3rd quarter. UBS Group AG now owns 58,725 shares of the company’s stock worth $3,017,000 after acquiring an additional 246 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Central Securities by 4.9% in the 4th quarter. King Luther Capital Management Corp now owns 9,688 shares of the company’s stock valued at $491,000 after purchasing an additional 452 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Central Securities by 4.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,957 shares of the company’s stock valued at $556,000 after purchasing an additional 512 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Central Securities during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 8.68% of the company’s stock.
About Central Securities
Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.
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