Cohen & Steers, Inc. (NYSE:CNS) Sees Significant Decrease in Short Interest

Cohen & Steers, Inc. (NYSE:CNS) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a decline of 5.4% from the January 15th total of 1,660,000 shares. Based on an average daily trading volume, of 191,600 shares, the days-to-cover ratio is currently 8.2 days. Currently, 5.9% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Evercore ISI boosted their price target on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in shares of Cohen & Steers during the third quarter worth approximately $31,000. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers during the third quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cohen & Steers during the fourth quarter worth approximately $60,000. Signaturefd LLC lifted its holdings in shares of Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after buying an additional 107 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after buying an additional 119 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Performance

CNS opened at $86.50 on Wednesday. The business has a 50 day moving average price of $90.07 and a 200 day moving average price of $93.28. Cohen & Steers has a twelve month low of $64.13 and a twelve month high of $110.67. The firm has a market cap of $4.37 billion, a P/E ratio of 29.12 and a beta of 1.56.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

About Cohen & Steers

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.