LM Advisors LLC Takes Position in Pershing Square USA, Ltd. $PSUS

LM Advisors LLC bought a new stake in Pershing Square USA, Ltd. (NYSE:PSUS) during the second quarter, HoldingsChannel.com reports. The fund bought 63,950 shares of the company’s stock, valued at approximately $2,390,000.

Insider Buying and Selling at Pershing Square USA

In other news, insider Lisa Polsky bought 6,177 shares of Pershing Square USA stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $39.45 per share, for a total transaction of $243,682.65. Following the purchase, the insider owned 6,177 shares of the company’s stock, valued at approximately $243,682.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce Herring bought 5,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average cost of $40.25 per share, for a total transaction of $201,250.00. Following the acquisition, the insider owned 15,000 shares in the company, valued at $603,750. The trade was a 50.00% increase in their position. The disclosure for this purchase is available in the SEC filing.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group began coverage on shares of Pershing Square USA in a research note on Monday, May 25th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Pershing Square USA Trading Up 0.4%

Shares of PSUS stock opened at $39.68 on Friday. The company has a fifty day moving average of $38.15. Pershing Square USA, Ltd. has a one year low of $35.71 and a one year high of $44.00.

Pershing Square USA, Inc (NYSE: PSUS) is a publicly traded investment company that provides investors with exposure to the investment strategies of Pershing Square Capital Management L.P., an investment adviser led by William A. Ackman. The company is listed on the New York Stock Exchange and functions as a vehicle through which shareholders can gain access to concentrated public equity investments managed by the Pershing Square team.

The firm’s main business activity is portfolio management: acquiring and holding equity positions in publicly traded companies with the objective of long‑term capital appreciation.