New York State Common Retirement Fund Takes $234,000 Position in Drive Shack Inc. (NYSE:DS)

New York State Common Retirement Fund bought a new stake in shares of Drive Shack Inc. (NYSE:DS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 70,700 shares of the real estate investment trust’s stock, valued at approximately $234,000. New York State Common Retirement Fund owned 0.08% of Drive Shack as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its position in shares of Drive Shack by 26.4% during the 2nd quarter. Advisor Group Holdings Inc. now owns 106,830 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 22,280 shares during the period. Wedbush Securities Inc. bought a new stake in shares of Drive Shack during the 2nd quarter valued at $606,000. Salvus Wealth Management LLC lifted its position in shares of Drive Shack by 28.5% during the 2nd quarter. Salvus Wealth Management LLC now owns 50,939 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 11,291 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Drive Shack during the 1st quarter valued at $101,000. Finally, Paloma Partners Management Co lifted its position in shares of Drive Shack by 202.1% during the 1st quarter. Paloma Partners Management Co now owns 99,803 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 66,767 shares during the period. Hedge funds and other institutional investors own 52.63% of the company’s stock.

Shares of DS stock opened at $2.64 on Tuesday. Drive Shack Inc. has a twelve month low of $1.07 and a twelve month high of $4.02. The company has a market cap of $243.10 million, a P/E ratio of -12.00 and a beta of 1.46. The business has a fifty day simple moving average of $2.63 and a 200 day simple moving average of $2.97.

Drive Shack (NYSE:DS) last announced its quarterly earnings data on Monday, August 9th. The real estate investment trust reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. The business had revenue of $73.88 million for the quarter.

Separately, BTIG Research restated a “buy” rating and set a $5.00 price objective on shares of Drive Shack in a research report on Thursday, September 2nd.

Drive Shack Profile

Drive Shack, Inc engages in the management of golf-related leisure and social entertainment venues and courses. It operates through the following segments: Traditional Golf Properties, Entertainment Golf Venues, and Corporate. The Traditional Golf Properties segment manages and owns golf properties. The Entertainment Golf Venues segment plans to open a chain of gold, competition, dining, and fun.

See Also: Fiduciary

Institutional Ownership by Quarter for Drive Shack (NYSE:DS)

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