Greenland Capital Management LP Cuts Stake in Newmark Group, Inc. $NMRK

Greenland Capital Management LP lowered its holdings in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 30.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 95,000 shares of the company’s stock after selling 41,052 shares during the quarter. Greenland Capital Management LP’s holdings in Newmark Group were worth $1,772,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Newmark Group in the second quarter worth about $131,000. Brummer Multi Strategy AB bought a new position in Newmark Group during the 3rd quarter worth approximately $3,535,000. Boston Partners increased its stake in Newmark Group by 65.2% in the 2nd quarter. Boston Partners now owns 2,212,910 shares of the company’s stock worth $26,899,000 after purchasing an additional 873,180 shares during the period. Capital Fund Management S.A. purchased a new position in Newmark Group in the 2nd quarter worth approximately $890,000. Finally, SG Americas Securities LLC lifted its position in Newmark Group by 330.3% in the third quarter. SG Americas Securities LLC now owns 118,672 shares of the company’s stock valued at $2,213,000 after purchasing an additional 91,094 shares during the last quarter. 58.42% of the stock is owned by institutional investors.

Newmark Group Stock Performance

Shares of NMRK opened at $14.45 on Tuesday. The company has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $17.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $2.61 billion, a PE ratio of 25.35 and a beta of 1.91. Newmark Group, Inc. has a one year low of $9.65 and a one year high of $19.83.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Finally, Barclays initiated coverage on Newmark Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

Newmark Group Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.