Empowered Funds LLC Purchases 38,464 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Empowered Funds LLC grew its position in Newmark Group, Inc. (NASDAQ:NMRK) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 787,582 shares of the company’s stock after acquiring an additional 38,464 shares during the quarter. Empowered Funds LLC owned 0.46% of Newmark Group worth $10,089,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Creative Planning lifted its holdings in shares of Newmark Group by 3.0% during the 2nd quarter. Creative Planning now owns 39,393 shares of the company’s stock worth $403,000 after acquiring an additional 1,131 shares during the period. SG Americas Securities LLC acquired a new position in Newmark Group in the third quarter worth about $112,000. Handelsbanken Fonder AB lifted its stake in Newmark Group by 15.0% during the third quarter. Handelsbanken Fonder AB now owns 45,917 shares of the company’s stock worth $713,000 after purchasing an additional 6,000 shares during the period. Oliver Luxxe Assets LLC acquired a new stake in Newmark Group during the third quarter valued at approximately $1,528,000. Finally, nVerses Capital LLC bought a new stake in shares of Newmark Group in the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Stock Down 1.4 %

Shares of NMRK opened at $13.72 on Monday. The company has a market capitalization of $2.35 billion, a P/E ratio of 45.73 and a beta of 1.99. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10. The business’s 50 day simple moving average is $13.64 and its 200-day simple moving average is $14.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on shares of Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.