Knights of Columbus Asset Advisors LLC Buys New Stake in Newmark Group, Inc. $NMRK

Knights of Columbus Asset Advisors LLC bought a new position in shares of Newmark Group, Inc. (NASDAQ:NMRK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 93,700 shares of the company’s stock, valued at approximately $1,748,000. Knights of Columbus Asset Advisors LLC owned 0.05% of Newmark Group as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NMRK. CWM LLC grew its stake in shares of Newmark Group by 6.3% in the 3rd quarter. CWM LLC now owns 12,531 shares of the company’s stock valued at $234,000 after buying an additional 738 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Newmark Group by 4.6% during the second quarter. Teacher Retirement System of Texas now owns 21,743 shares of the company’s stock valued at $264,000 after buying an additional 949 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Newmark Group by 8.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,515 shares of the company’s stock worth $152,000 after buying an additional 968 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of 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 acquiring an additional 1,200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Newmark Group by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,699 shares of the company’s stock valued at $686,000 after acquiring an additional 1,256 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

Newmark Group Price Performance

Newmark Group stock opened at $17.83 on Friday. The stock has a market cap of $3.22 billion, a P/E ratio of 31.28 and a beta of 1.93. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average price is $17.38 and its two-hundred day moving average price is $17.25. Newmark Group, Inc. has a 52 week low of $9.65 and a 52 week high of $19.83.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, October 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $863.46 million during the quarter, compared to the consensus estimate of $767.12 million. Newmark Group had a return on equity of 23.69% and a net margin of 3.26%.The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. On average, equities analysts predict that Newmark Group, Inc. will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on NMRK shares. Barclays assumed coverage on Newmark Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $21.00 price target on the stock. 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 research report on Thursday, December 18th. Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.43.

About Newmark Group

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.