Brummer Multi Strategy AB Takes $3.54 Million Position in Newmark Group, Inc. $NMRK

Brummer Multi Strategy AB purchased a new stake in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 189,519 shares of the company’s stock, valued at approximately $3,535,000. Newmark Group makes up approximately 64.4% of Brummer Multi Strategy AB’s holdings, making the stock its biggest holding. Brummer Multi Strategy AB owned about 0.11% of Newmark Group at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC raised its holdings in Newmark Group by 6.3% during the 3rd quarter. CWM LLC now owns 12,531 shares of the company’s stock valued at $234,000 after acquiring an additional 738 shares during the period. Teacher Retirement System of Texas grew its position in shares of Newmark Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock valued at $264,000 after purchasing an additional 949 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Newmark Group by 8.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock valued at $152,000 after purchasing an additional 968 shares during the period. Arizona State Retirement System lifted its holdings in Newmark Group by 2.8% during the 3rd quarter. Arizona State Retirement System now owns 42,924 shares of the company’s stock worth $801,000 after purchasing an additional 1,151 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Newmark Group by 11.1% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 12,000 shares of the company’s stock worth $224,000 after purchasing an additional 1,200 shares in the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Trading Down 1.0%

Shares of Newmark Group stock opened at $15.10 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.39 and a quick ratio of 0.39. Newmark Group, Inc. has a 1 year low of $9.65 and a 1 year high of $19.83. The firm has a market cap of $2.72 billion, a PE ratio of 26.49 and a beta of 1.91. The company has a 50 day simple moving average of $16.93 and a two-hundred day simple moving average of $17.48.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Barclays initiated coverage on shares of Newmark Group in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.67.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.