Patria Investments (NYSE:PAX) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Patria Investments (NYSE:PAX) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Patria Investments currently has an average rating of “Hold” and an average price target of $17.00.

Patria Investments Stock Performance

PAX opened at $12.92 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average price of $12.39 and a 200 day moving average price of $14.29. Patria Investments has a 1 year low of $10.86 and a 1 year high of $17.80. The stock has a market cap of $859.48 million, a P/E ratio of 25.84, a P/E/G ratio of 1.28 and a beta of 0.77.

Institutional Investors Weigh In On Patria Investments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new stake in shares of Patria Investments in the third quarter valued at about $1,104,000. Mizuho Markets Americas LLC acquired a new stake in shares of Patria Investments in the third quarter valued at about $21,900,000. Pertento Partners LLP raised its position in shares of Patria Investments by 19.7% in the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock valued at $57,991,000 after buying an additional 654,966 shares during the last quarter. Citigroup Inc. raised its position in shares of Patria Investments by 36.4% in the third quarter. Citigroup Inc. now owns 261,438 shares of the company’s stock valued at $3,817,000 after buying an additional 69,761 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Patria Investments by 590.3% in the third quarter. Tudor Investment Corp ET AL now owns 230,682 shares of the company’s stock valued at $3,368,000 after buying an additional 197,265 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.