Traders are more bearish on shares of CBRE Group Inc Class A if you put credence in the increase in short interest. The stock saw a rise in short interest of 8.50% as of the latest report on August 15, 2017. Short interest increased from 8,666,921 to 9,403,291 over that timeframe. With short interest at 9,403,291 and short average daily volume at 1,534,962, days to cover is 6.0 and the percentage of shorted shares is 0.03% as of August 15.
Here is the rundown on market activity for CBRE Group Inc Class A (NYSE:CBG). EVP Laurence H. Midler sold 24,246 shares at a price of $35.83 on Thu the 17th. Midler now owns $3,479,308 of stock as reported to the SEC. William F. Concannon, CEO, GWS reported the sale of 20,000 shares of CBG stock. The shares were sold on July 24th for a price of $38.06. Concannon now owns $8,311,391 of the stock according to the SEC filing.
The following firms have also recently changed their position in CBG. As of the end of the quarter Cantab Capital Partners Llp had bought 31,782 shares growing its holdings by 241.6%. The value of the total investment in CBRE Group Inc Class A went from $458,000 to $1,636,000,000 a change of 357,105.2% quarter over quarter. Hosking Partners Llp augmented its position by buying 38,977 shares an increase of 1.6%. Hosking Partners Llp currently owns 2,425,070 shares worth $88,273,000. The total value of its holdings increased 6.3%.
Kovitz Investment Group Partners, LLC added to its investment by buying 35,795 shares an increase of 2.2% as of 06/30/2017. Kovitz Investment Group Partners, LLC claims 1,638,061 shares valued at $59,625,000. The value of the position overall is up by 7.0%. As of quarter end Marlowe Partners Lp had disposed of a total of 6,244 shares trimming its position 2.0%. The value of the investment in CBRE Group Inc Class A increased from $10,741,000 to $11,010,000 a change of $269,000 since the last quarter.
On August 15 Barclays maintained a company rating of “Overweight” but raised the price expectation from $42.00 to $43.00. UBS starting coverage on CBG setting a rating of “Neutral”.
July 18 investment analysts at Barclays left the stock rating at “Overweight” and lowered the price expectation to $42.00 from $45.00.
The company is so far trading up by 0.72 percent from yesterday’s close. Company chares are trading at $36.34 which is slightly below $36.69, the stock’s 50 day moving average and barely above the 200 day moving average of $35.54. The 50 day moving average went down by -0.96% and the 200 day average went up by +2.24%.
CBRE Group Inc Class A currently has a P/E ratio of 17.74 and market capitalization is 12.25B. As of the last earnings report the EPS was $2.05 and is projected to be $2.57 for the current year with 336,975,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.95 with next year’s EPS projected to be $2.69.
CBRE Group, Inc., launched on February 20, 2001, is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Company provides services in the office, retail, industrial, multifamily and hotel sectors of commercial real estate..