Patria Investments (NYSE:PAX) PT Lowered to $14.00 at The Goldman Sachs Group

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

Patria Investments Stock Performance

NYSE:PAX opened at $11.58 on Tuesday. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $12.26. Patria Investments has a 1-year low of $10.63 and a 1-year high of $16.16. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $681.63 million, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.42 and a beta of 0.58.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in shares of 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 acquiring an additional 389,331 shares during the period. Millennium Management LLC lifted its position 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 purchasing an additional 289,830 shares during the period. Vanguard Group Inc. lifted its position in shares of Patria Investments by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock worth $6,230,000 after purchasing an additional 58,443 shares during the period. Capital International Inc. CA boosted its stake in shares of Patria Investments by 6.2% in the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after purchasing an additional 55,065 shares during the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of Patria Investments during the second quarter worth $462,000. 96.27% of the stock is owned by institutional investors and hedge funds.

About Patria Investments

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.