Eagle Asset Management Inc. Decreases Stock Position in Cohen & Steers, Inc. (NYSE:CNS)
Eagle Asset Management Inc. reduced its position in shares of Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). . The company owned 190,668 shares of the money manager after selling 1,629 shares during the period. Eagle Asset Management Inc. owned approximately 0.39% of Cohen & Steers worth $11,941,000 at the end of the most recent period.
A number of other institutional investors have recently added to or reduced their holdings in CNS. Vanguard Group Inc. increased its stake in Cohen & Steers by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,553,153 shares of the money manager worth $219,291,000 after purchasing an additional 42,839 shares last quarter. Clearbridge Investments LLC increased its stake in Cohen & Steers by 0.6% in the first quarter. Clearbridge Investments LLC now owns 1,334,745 shares of the money manager, valued at $114,641,000, after purchasing an additional 7,600 shares last quarter. Victory Capital Management Inc. increased its position in Cohen & Steers shares by 7.5% in the third quarter. Victory Capital Management Inc. now owns 1,134,754 shares of the money manager worth $71,069,000 after purchasing an additional 78,809 shares last quarter. Boston Trust Walden Corp increased its stake in Cohen & Steers by 2.0% in the third quarter. Boston Trust Walden Corp now owns 824,749 shares of the money manager worth $51,654,000 after purchasing an additional 16,316 shares last quarter. Finally, Copeland Capital Management LLC increased its stake in Cohen & Steers by 0.9% in the third quarter. Copeland Capital Management LLC now owns 659,667 shares of the money manager, valued at $41,315,000, after purchasing an additional 5,715 shares last quarter. Institutional investors and hedge funds own 47.37% of the company’s shares.
Cohen & Steers shares up 2.1%
NYSE:CNS opened at $75.02 on Thursday. The company has a market cap of $3.65 billion, a P/E of 21.62 and a beta of 1.35. The company’s 50-day moving average is $67.90 and its 200-day moving average is $67.83. Cohen & Steers, Inc. has a 52-week low of $52.34 and a 52-week high of $88.21.
Cohen & Steers (NYSE:CNS – Get Rating) last released its earnings results on Wednesday, January 25th. The money manager reported earnings per share of $0.79 for the quarter, missing analyst consensus estimates of $0.81 ($0.02). Cohen & Steers had a net margin of 30.17% and a return on equity of 63.55%. The company had revenue of $125.34 million for the quarter, compared to analyst estimates of $120.45 million. In the same quarter last year, the company generated earnings per share of $1.24. The company’s revenue fell 21.5% year over year.
Analysts set new price targets
Separately, StockNews.com downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Saturday, December 24.
About Cohen & Steers
Cohen & Steers, Inc is a holding company that acts as an investment manager specializing in liquid assets that include real estate securities, public infrastructure, commodities, natural resource stocks, preferred securities and other income solutions. She manages investment vehicles such as institutional accounts, open-end funds, and closed-end funds.
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