The Goldman Sachs Group Trims Patria Investments (NYSE:PAX) Target Price to $14.00

Patria Investments (NYSE:PAX) had its price objective lowered by The Goldman Sachs Group from $16.00 to $14.00 in a research report released on Tuesday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has a buy rating on the stock.

Patria Investments Price Performance

Shares of Patria Investments stock opened at $11.77 on Tuesday. The company has a market cap of $692.52 million, a PE ratio of 15.08, a P/E/G ratio of 1.42 and a beta of 0.58. The business has a 50 day moving average of $11.33 and a 200 day moving average of $12.28. Patria Investments has a 52 week low of $10.63 and a 52 week high of $16.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15.

Patria Investments (NYSE:PAX) last announced its earnings results on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $69.99 million. During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, equities research analysts forecast that Patria Investments will post 1.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Patria Investments by 19.1% in the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock worth $29,244,000 after purchasing an additional 389,331 shares in the last quarter. Millennium Management LLC increased its stake in shares of Patria Investments by 42.2% in the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock worth $11,775,000 after acquiring an additional 289,830 shares in the last quarter. Capital International Inc. CA lifted its position in Patria Investments by 6.2% during the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after acquiring an additional 55,065 shares during the period. Vanguard Group Inc. lifted its position in Patria Investments by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after acquiring an additional 58,443 shares during the period. Finally, National Bank of Canada FI boosted its stake in Patria Investments by 10.3% during the second quarter. National Bank of Canada FI now owns 243,447 shares of the company’s stock worth $2,963,000 after acquiring an additional 22,825 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.