Short Interest in The Carlyle Group LP (NASDAQ:CG) Declines By 5.8%

The Carlyle Group LP (NASDAQ:CG) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 6,390,000 shares, a decline of 5.8% from the December 15th total of 6,780,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the short-interest ratio is presently 5.3 days. Approximately 6.3% of the shares of the stock are short sold.

A number of research firms have commented on CG. Bank of America boosted their price target on shares of The Carlyle Group from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. BidaskClub downgraded shares of The Carlyle Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 7th. Barclays set a $28.00 target price on shares of The Carlyle Group and gave the stock a “hold” rating in a research note on Friday, November 1st. BMO Capital Markets assumed coverage on shares of The Carlyle Group in a research note on Monday, October 7th. They issued a “market perform” rating and a $23.00 target price for the company. Finally, Sandler O’Neill assumed coverage on shares of The Carlyle Group in a research note on Tuesday, December 10th. They issued a “buy” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.75.

Institutional investors and hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new position in The Carlyle Group during the third quarter worth $243,000. SRS Capital Advisors Inc. boosted its holdings in The Carlyle Group by 30.7% during the third quarter. SRS Capital Advisors Inc. now owns 4,000 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 939 shares during the last quarter. LGT Capital Partners LTD. boosted its holdings in The Carlyle Group by 20.0% during the third quarter. LGT Capital Partners LTD. now owns 510,000 shares of the financial services provider’s stock worth $13,036,000 after purchasing an additional 85,000 shares during the last quarter. California Public Employees Retirement System boosted its holdings in The Carlyle Group by 66.0% during the third quarter. California Public Employees Retirement System now owns 239,404 shares of the financial services provider’s stock worth $6,119,000 after purchasing an additional 95,193 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in The Carlyle Group by 10.9% during the third quarter. Stifel Financial Corp now owns 158,279 shares of the financial services provider’s stock worth $4,049,000 after purchasing an additional 15,494 shares during the last quarter. Institutional investors and hedge funds own 48.38% of the company’s stock.

NASDAQ:CG traded up $0.06 during trading hours on Friday, hitting $33.00. The stock had a trading volume of 19,792 shares, compared to its average volume of 3,237,258. The Carlyle Group has a one year low of $17.33 and a one year high of $32.99. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 12.56 and a beta of 1.74. The business’s 50 day moving average is $30.76 and its 200-day moving average is $26.50.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $527.80 million during the quarter, compared to analysts’ expectations of $514.55 million. The Carlyle Group had a net margin of 16.19% and a return on equity of 4.48%. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, sell-side analysts anticipate that The Carlyle Group will post 1.67 EPS for the current fiscal year.

The Carlyle Group Company Profile

The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

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