The Goldman Sachs Group Cuts Patria Investments (NYSE:PAX) Price Target to $14.00

Patria Investments (NYSE:PAX) had its price objective reduced by The Goldman Sachs Group from $16.00 to $14.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Patria Investments Price Performance

Patria Investments stock opened at $11.58 on Tuesday. The stock has a market capitalization of $681.63 million, a price-to-earnings ratio of 14.85, a PEG ratio of 1.42 and a beta of 0.58. Patria Investments has a 52-week low of $10.63 and a 52-week high of $16.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50 day moving average price is $11.32 and its two-hundred day moving average price is $12.26.

Patria Investments (NYSE:PAX) last issued its earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The business had revenue of $75.00 million for the quarter, compared to analyst estimates of $69.99 million. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, equities analysts predict that Patria Investments will post 1.11 earnings per share for the current year.

Institutional Trading of Patria Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAX. Naviter Wealth LLC acquired a new stake in Patria Investments in the third quarter valued at approximately $183,000. Mendota Financial Group LLC bought a new position in shares of Patria Investments in the 3rd quarter worth $56,000. SG Americas Securities LLC acquired a new stake in Patria Investments in the 3rd quarter valued at $211,000. Algert Global LLC bought a new stake in Patria Investments during the 2nd quarter valued at $139,000. Finally, Millennium Management LLC increased its stake in Patria Investments by 42.2% during the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after purchasing an additional 289,830 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.