Tranquility Partners LLC Sells 3,974 Shares of Newmark Group, Inc. (NASDAQ:NMRK)

Tranquility Partners LLC cut its position in Newmark Group, Inc. (NASDAQ:NMRK) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 134,152 shares of the company’s stock after selling 3,974 shares during the period. Tranquility Partners LLC’s holdings in Newmark Group were worth $1,732,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in Newmark Group in the third quarter valued at about $93,000. SG Americas Securities LLC bought a new position in Newmark Group in the third quarter valued at about $112,000. Blue Trust Inc. raised its position in Newmark Group by 408.2% in the third quarter. Blue Trust Inc. now owns 9,401 shares of the company’s stock valued at $146,000 after purchasing an additional 7,551 shares during the last quarter. Highland Capital Management LLC bought a new position in Newmark Group in the fourth quarter valued at about $135,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Newmark Group in the third quarter valued at about $178,000. 58.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NMRK. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th. The Goldman Sachs Group began coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price target for the company.

Newmark Group Trading Down 1.1 %

NASDAQ NMRK opened at $13.63 on Thursday. The business has a 50 day simple moving average of $13.58 and a 200 day simple moving average of $14.11. The stock has a market capitalization of $2.33 billion, a P/E ratio of 45.43 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group, Inc. has a one year low of $9.44 and a one year high of $16.10.

About Newmark Group

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.