Woodson Capital Management LP Has $6.27 Million Position in PJT Partners Inc. (NYSE:PJT)

Woodson Capital Management LP lessened its stake in shares of PJT Partners Inc. (NYSE:PJT) by 44.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 47,000 shares of the financial services provider’s stock after selling 38,000 shares during the quarter. PJT Partners comprises about 1.2% of Woodson Capital Management LP’s portfolio, making the stock its 27th largest holding. Woodson Capital Management LP owned approximately 0.20% of PJT Partners worth $6,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in shares of PJT Partners by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the financial services provider’s stock valued at $1,198,000 after purchasing an additional 100 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of PJT Partners by 0.9% in the third quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 100 shares during the period. American Century Companies Inc. grew its stake in shares of PJT Partners by 0.8% in the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock valued at $1,601,000 after acquiring an additional 120 shares in the last quarter. AQR Capital Management LLC increased its position in PJT Partners by 3.3% during the second quarter. AQR Capital Management LLC now owns 4,207 shares of the financial services provider’s stock worth $454,000 after acquiring an additional 136 shares during the period. Finally, Sei Investments Co. boosted its holdings in PJT Partners by 1.4% in the 2nd quarter. Sei Investments Co. now owns 10,458 shares of the financial services provider’s stock valued at $1,129,000 after purchasing an additional 141 shares during the period. Institutional investors own 89.23% of the company’s stock.

PJT Partners Stock Down 0.4 %

Shares of PJT Partners stock opened at $165.19 on Friday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 41.93 and a beta of 0.61. PJT Partners Inc. has a twelve month low of $85.87 and a twelve month high of $168.92. The company’s fifty day moving average is $146.85 and its 200 day moving average is $125.84.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. During the same quarter in the previous year, the company posted $0.78 EPS. The business’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts anticipate that PJT Partners Inc. will post 4.4 earnings per share for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Wednesday, December 4th. PJT Partners’s dividend payout ratio is presently 25.38%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PJT. UBS Group boosted their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. JMP Securities boosted their price target on PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $123.80.

Insider Activity at PJT Partners

In related news, Director James Costos sold 1,500 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total transaction of $242,115.00. Following the transaction, the director now directly owns 9,360 shares of the company’s stock, valued at $1,510,797.60. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ji-Yeun Lee sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total transaction of $1,188,500.00. Following the transaction, the insider now owns 61,433 shares in the company, valued at $7,301,312.05. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,766 shares of company stock worth $1,951,480 over the last quarter. Company insiders own 11.71% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.