Entropy Technologies LP Takes Position in Carlyle Group Inc. $CG

Entropy Technologies LP purchased a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 96,565 shares of the financial services provider’s stock, valued at approximately $4,673,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Carlyle Group by 937.5% during the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after purchasing an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares during the last quarter. Empowered Funds LLC boosted its holdings in Carlyle Group by 3.4% in the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after purchasing an additional 1,579 shares in the last quarter. Focus Partners Wealth increased its position in Carlyle Group by 27.4% during the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after buying an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

CG opened at $45.40 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The stock’s 50 day moving average price is $44.40 and its two-hundred day moving average price is $50.16. The firm has a market capitalization of $16.34 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 1.59 and a beta of 1.84. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The business had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. On average, equities analysts forecast that Carlyle Group Inc. will post 3.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CG shares. Citizens Jmp decreased their price target on Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a report on Friday, May 8th. Wall Street Zen cut Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Royal Bank Of Canada dropped their price target on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Finally, Evercore set a $56.00 price objective on shares of Carlyle Group in a research note on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.07.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.