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

Tranquility Partners LLC lowered its position in shares of Newmark Group, Inc. (NASDAQ:NMRK) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,152 shares of the company’s stock after selling 3,974 shares during the quarter. Tranquility Partners LLC owned 0.08% of Newmark Group worth $1,732,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Creative Planning boosted its holdings in shares of Newmark Group by 3.0% in the 2nd quarter. Creative Planning now owns 39,393 shares of the company’s stock valued at $403,000 after buying an additional 1,131 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Newmark Group in the 3rd quarter valued at approximately $112,000. nVerses Capital LLC acquired a new stake in shares of Newmark Group in the 3rd quarter valued at approximately $205,000. Harbour Capital Advisors LLC acquired a new stake in shares of Newmark Group in the 3rd quarter valued at approximately $348,000. Finally, Blue Trust Inc. lifted its holdings in Newmark Group by 408.2% during the 3rd 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. Institutional investors and hedge funds own 58.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NMRK. Wolfe Research downgraded Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th. The Goldman Sachs Group began coverage on Newmark Group in a research report on Friday, December 6th. They set a “buy” rating and a $19.00 price objective on the stock.

Newmark Group Stock Down 1.1 %

NMRK stock opened at $13.63 on Thursday. 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 fifty-two week low of $9.44 and a fifty-two week high of $16.10. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 45.43 and a beta of 1.99. The business’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $14.11.

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.