Pershing Square (OTCMKTS:PSHZF) Reaches New 1-Year Low – Should You Sell?

Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $47.27 and last traded at $47.27, with a volume of 6977 shares trading hands. The stock had previously closed at $48.50.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Pershing Square to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.00.

Pershing Square Price Performance

The business has a fifty day moving average of $51.21 and a 200-day moving average of $52.73.

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is a closed-end investment holding company that seeks to generate long-term returns by investing in a concentrated portfolio of publicly traded companies. Rather than operating businesses or selling consumer products, the company provides investors with exposure to an actively managed portfolio of equity investments.

The portfolio is managed by Pershing Square Capital Management, L.P., an investment management firm founded by William A. Ackman. Pershing Square typically focuses on high-quality, large-capitalization companies and may take an activist investment approach, working to influence corporate strategy, operations, capital allocation, or governance when it believes doing so can enhance long-term value.

Pershing Square Holdings was established in 2012 and became publicly listed in 2014.