Kornitzer Capital Management Inc. KS Invests $4.84 Million in PJT Partners Inc. $PJT

Kornitzer Capital Management Inc. KS acquired a new position in PJT Partners Inc. (NYSE:PJT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,225 shares of the financial services provider’s stock, valued at approximately $4,839,000. Kornitzer Capital Management Inc. KS owned about 0.11% of PJT Partners at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada raised its holdings in PJT Partners by 45.7% in the first quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock worth $1,581,000 after purchasing an additional 3,596 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of PJT Partners by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 2,681 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PJT Partners by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock valued at $1,915,000 after acquiring an additional 620 shares during the last quarter. Millennium Management LLC boosted its stake in PJT Partners by 1,394.5% in the first quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after acquiring an additional 49,046 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in PJT Partners by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock worth $51,090,000 after purchasing an additional 19,806 shares during the last quarter. 89.23% of the stock is currently owned by hedge funds and other institutional investors.

PJT Partners Stock Down 1.3%

Shares of PJT Partners stock opened at $176.47 on Wednesday. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 27.15 and a beta of 0.84. PJT Partners Inc. has a 52-week low of $119.76 and a 52-week high of $195.62. The company’s 50-day simple moving average is $174.14 and its 200-day simple moving average is $176.43.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.61. The firm had revenue of $447.09 million for the quarter, compared to analysts’ expectations of $386.76 million. PJT Partners had a return on equity of 29.66% and a net margin of 10.75%. Equities research analysts anticipate that PJT Partners Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PJT. UBS Group began coverage on PJT Partners in a research report on Thursday, December 11th. They issued a “neutral” rating and a $180.00 price objective for the company. BMO Capital Markets assumed coverage on PJT Partners in a research report on Friday, October 3rd. They set an “outperform” rating and a $205.00 price target for the company. Wall Street Zen upgraded PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods lifted their target price on shares of PJT Partners from $186.00 to $188.00 and gave the company a “market perform” rating in a report on Thursday, January 8th. Finally, Evercore ISI set a $180.00 price target on shares of PJT Partners in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PJT Partners currently has an average rating of “Hold” and an average price target of $180.60.

PJT Partners Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.