17,874 Shares in Equity Commonwealth (NYSE:EQC) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Equity Commonwealth (NYSE:EQC) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 17,874 shares of the real estate investment trust’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQC. Anson Funds Management LP boosted its holdings in shares of Equity Commonwealth by 317.9% during the 3rd quarter. Anson Funds Management LP now owns 208,939 shares of the real estate investment trust’s stock worth $4,158,000 after purchasing an additional 158,939 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equity Commonwealth by 117.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,954 shares of the real estate investment trust’s stock worth $7,661,000 after buying an additional 208,208 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Equity Commonwealth in the 3rd quarter valued at $626,000. BNP Paribas Financial Markets grew its holdings in shares of Equity Commonwealth by 143.1% in the third quarter. BNP Paribas Financial Markets now owns 172,970 shares of the real estate investment trust’s stock valued at $3,442,000 after purchasing an additional 101,829 shares during the period. Finally, Weiss Asset Management LP purchased a new position in Equity Commonwealth during the third quarter worth about $76,849,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

Equity Commonwealth Stock Down 1.5 %

EQC stock opened at $1.69 on Wednesday. Equity Commonwealth has a 52-week low of $1.40 and a 52-week high of $21.00. The business has a fifty day moving average of $17.42 and a two-hundred day moving average of $18.95. The stock has a market cap of $180.86 million, a price-to-earnings ratio of 4.32 and a beta of 0.27.

Equity Commonwealth Company Profile

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.