American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Purchases 1,863 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,863 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were bought at an average cost of $9.89 per share, for a total transaction of $18,425.07. Following the completion of the acquisition, the insider owned 1,022,230 shares of the company’s stock, valued at approximately $10,109,854.70. This represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 1.6%

NYC opened at $9.79 on Friday. The company has a market cap of $25.75 million, a price-to-earnings ratio of -0.27 and a beta of 0.13. American Strategic Investment Co. has a 52-week low of $7.89 and a 52-week high of $16.30. The firm’s fifty day simple moving average is $11.56 and its two-hundred day simple moving average is $11.45.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Friday, August 8th. The company reported ($16.39) earnings per share for the quarter, missing the consensus estimate of ($1.74) by ($14.65). The business had revenue of $12.22 million during the quarter, compared to analysts’ expectations of $14.08 million. American Strategic Investment had a negative return on equity of 87.51% and a negative net margin of 166.56%.

Hedge Funds Weigh In On American Strategic Investment

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC lifted its holdings in American Strategic Investment Co. (NYSE:NYC) by 3,757.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,436 shares of the company’s stock after buying an additional 16,984 shares during the period. Coppell Advisory Solutions LLC owned approximately 0.66% of American Strategic Investment worth $194,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 48.04% of the company’s stock.

About American Strategic Investment

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.