New York State Common Retirement Fund Has $12.88 Million Stake in Newmark Group, Inc. $NMRK

New York State Common Retirement Fund reduced its stake in Newmark Group, Inc. (NASDAQ:NMRK) by 33.7% in the 3rd quarter, Holdings Channel reports. The firm owned 690,745 shares of the company’s stock after selling 351,752 shares during the period. New York State Common Retirement Fund’s holdings in Newmark Group were worth $12,882,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Newmark Group by 16.5% in the first quarter. Royal Bank of Canada now owns 44,977 shares of the company’s stock worth $546,000 after buying an additional 6,375 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Newmark Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,330 shares of the company’s stock worth $953,000 after acquiring an additional 3,430 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Newmark Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after acquiring an additional 55,628 shares during the period. Caxton Associates LLP acquired a new stake in shares of Newmark Group in the first quarter valued at about $276,000. Finally, Jane Street Group LLC increased its stake in shares of Newmark Group by 148.3% in the first quarter. Jane Street Group LLC now owns 390,633 shares of the company’s stock worth $4,754,000 after purchasing an additional 233,330 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NMRK. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Barclays initiated coverage on Newmark Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a research report on Thursday, December 18th. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.43.

Newmark Group Price Performance

Shares of NMRK stock opened at $17.36 on Tuesday. The stock’s fifty day simple moving average is $17.39 and its 200 day simple moving average is $17.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 30.46 and a beta of 1.93. Newmark Group, Inc. has a one year low of $9.65 and a one year high of $19.83.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.