Alliancebernstein L.P. raised its position in shares of PJT Partners Inc. (NYSE:PJT) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,500 shares of the financial services provider’s stock after purchasing an additional 2,800 shares during the quarter. Alliancebernstein L.P. owned 0.11% of PJT Partners worth $825,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. raised its stake in PJT Partners by 1.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,559 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 59 shares during the period. First Trust Advisors LP grew its holdings in shares of PJT Partners by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 13,595 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 111 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of PJT Partners by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 169 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of PJT Partners by 15.7% during the 2nd quarter. IFP Advisors Inc now owns 2,688 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 365 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of PJT Partners by 6.5% during the 2nd quarter. Strs Ohio now owns 6,600 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 400 shares in the last quarter. 59.10% of the stock is currently owned by institutional investors.

Several research firms have recently commented on PJT. BidaskClub cut shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of PJT Partners from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Finally, JMP Securities began coverage on shares of PJT Partners in a report on Monday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.67.

In related news, Director Dennis S. Hersch acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $38.45 per share, for a total transaction of $76,900.00. Following the completion of the acquisition, the director now directly owns 18,000 shares in the company, valued at approximately $692,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

PJT Partners Inc. (NYSE:PJT) opened at 39.04 on Tuesday. PJT Partners Inc. has a 12-month low of $26.19 and a 12-month high of $45.38. The stock’s 50 day moving average is $37.59 and its 200 day moving average is $38.77. The stock’s market capitalization is $723.14 million.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). PJT Partners had a negative return on equity of 115.47% and a negative net margin of 0.27%. The company had revenue of $109.31 million for the quarter. Analysts forecast that PJT Partners Inc. will post $1.54 EPS for the current year.

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PJT Partners Profile

PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

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Institutional Ownership by Quarter for PJT Partners (NYSE:PJT)

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