Partners Group (OTCMKTS:PGPHF) Shares Gap Down – Here’s What Happened

Shares of Partners Group Holding AG (OTCMKTS:PGPHF) gapped down prior to trading on Monday . The stock had previously closed at $911.99, but opened at $877.62. Partners Group shares last traded at $877.62, with a volume of 28 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PGPHF. Oddo Bhf downgraded Partners Group to a “neutral” rating in a research report on Monday, June 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of Partners Group in a report on Monday, June 22nd. Finally, UBS Group lowered Partners Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Partners Group Stock Performance

The business has a 50 day simple moving average of $851.20 and a two-hundred day simple moving average of $1,032.84. The company has a market cap of $23.08 billion and a PE ratio of 22,250.00.

Partners Group (OTCMKTS:PGPHF) last released its earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $11.20 million for the quarter.

About Partners Group

Partners Group Holding AG (OTCMKTS: PGPHF) is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.