Castle Hook Partners LP Has $219.43 Million Stock Holdings in Unity Software Inc. $U

Castle Hook Partners LP cut its holdings in Unity Software Inc. (NYSE:U) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,967,901 shares of the company’s stock after selling 353,266 shares during the quarter. Unity Software comprises approximately 0.9% of Castle Hook Partners LP’s portfolio, making the stock its 17th largest holding. Castle Hook Partners LP’s holdings in Unity Software were worth $219,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in U. REAP Financial Group LLC acquired a new stake in shares of Unity Software in the fourth quarter valued at $28,000. Larson Financial Group LLC increased its position in Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the period. V Square Quantitative Management LLC acquired a new stake in Unity Software in the fourth quarter worth about $30,000. IFP Advisors Inc acquired a new stake in Unity Software in the third quarter worth about $33,000. Finally, International Assets Investment Management LLC acquired a new stake in Unity Software in the fourth quarter worth about $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citizens Jmp reiterated a “market outperform” rating and issued a $37.00 price objective on shares of Unity Software in a research report on Friday, March 27th. UBS Group lifted their price objective on Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley lifted their price objective on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Wall Street Zen lowered Unity Software from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, BTIG Research lifted their price objective on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Unity Software has an average rating of “Moderate Buy” and an average price target of $37.71.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 13,247 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the completion of the transaction, the chief accounting officer directly owned 370,654 shares in the company, valued at approximately $10,074,375.72. The trade was a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the transaction, the senior vice president owned 309,445 shares of the company’s stock, valued at $8,416,904. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 198,321 shares of company stock worth $5,390,783. 0.77% of the stock is owned by company insiders.

Unity Software Price Performance

Unity Software stock opened at $26.48 on Thursday. The firm has a market capitalization of $11.56 billion, a P/E ratio of -16.87, a PEG ratio of 3.59 and a beta of 2.06. Unity Software Inc. has a 1 year low of $16.78 and a 1 year high of $52.15. The business has a 50-day moving average of $26.64 and a 200-day moving average of $30.36. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.