Zacks Research Downgrades Patria Investments (NYSE:PAX) to Strong Sell

Patria Investments (NYSE:PAX) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. The Goldman Sachs Group restated a “buy” rating and issued a $18.00 price objective on shares of Patria Investments in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Patria Investments has a consensus rating of “Hold” and a consensus price target of $17.00.

Patria Investments Trading Down 0.2%

Shares of PAX opened at $12.92 on Tuesday. The firm has a market cap of $859.48 million, a price-to-earnings ratio of 25.84, a PEG ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Patria Investments has a fifty-two week low of $10.86 and a fifty-two week high of $17.80. The firm has a 50 day moving average price of $12.39 and a 200-day moving average price of $14.29.

Institutional Investors Weigh In On Patria Investments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in Patria Investments during the 3rd quarter valued at $1,104,000. Mizuho Markets Americas LLC bought a new stake in Patria Investments during the 3rd quarter valued at $21,900,000. Pertento Partners LLP raised its holdings in Patria Investments by 19.7% during the 3rd quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock valued at $57,991,000 after buying an additional 654,966 shares during the last quarter. Citigroup Inc. raised its holdings in Patria Investments by 36.4% during the 3rd quarter. Citigroup Inc. now owns 261,438 shares of the company’s stock valued at $3,817,000 after buying an additional 69,761 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in Patria Investments by 590.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 230,682 shares of the company’s stock valued at $3,368,000 after buying an additional 197,265 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.