Partners Group (OTCMKTS:PGPHF) Shares Gap Down – Here’s What Happened

Partners Group Holding AG (OTCMKTS:PGPHF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $897.4050, but opened at $866.4320. Partners Group shares last traded at $866.4320, with a volume of 73 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PGPHF shares. Citigroup cut shares of Partners Group from a “buy” rating to a “sell” rating in a report on Monday, April 13th. Oddo Bhf cut Partners Group to a “neutral” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Partners Group Stock Down 0.9%

The firm has a market capitalization of $22.27 billion and a PE ratio of 89.62. The company has a 50-day moving average of $1,074.83 and a 200 day moving average of $1,147.97.

Partners Group (OTCMKTS:PGPHF) last released its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $11.20 million during the quarter.

About Partners Group

Partners Group Holding AG (OTCMKTS: PGPHF) is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.