Salem Investment Counselors Inc. Takes Position in PQ Group Holdings Inc (PQG)
Salem Investment Counselors Inc. purchased a new position in shares of PQ Group Holdings Inc (NYSE:PQG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $165,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in PQ Group during the fourth quarter worth about $392,000. Element Capital Management LLC purchased a new position in PQ Group during the fourth quarter worth about $1,851,000. Metropolitan Life Insurance Co. NY purchased a new position in PQ Group during the fourth quarter worth about $269,000. Crestline Management LP purchased a new position in PQ Group during the fourth quarter worth about $1,264,000. Finally, Zimmer Partners LP purchased a new position in PQ Group during the fourth quarter worth about $81,517,000. 68.53% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised shares of PQ Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.75.
About PQ Group
PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.
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