Public Employees Retirement System of Ohio Boosts Position in Pattern Group Inc. $PTRN

Public Employees Retirement System of Ohio raised its position in Pattern Group Inc. (NASDAQ:PTRNFree Report) by 44.8% during the 1st quarter, Holdings Channel reports. The firm owned 118,097 shares of the company’s stock after acquiring an additional 36,539 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Pattern Group were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC grew its stake in Pattern Group by 222.0% in the 4th quarter. Clearstead Advisors LLC now owns 2,373 shares of the company’s stock valued at $27,000 after acquiring an additional 1,636 shares during the last quarter. Roxbury Financial LLC acquired a new position in Pattern Group during the first quarter worth about $40,000. Barclays PLC raised its position in Pattern Group by 25.2% during the fourth quarter. Barclays PLC now owns 16,652 shares of the company’s stock worth $192,000 after acquiring an additional 3,352 shares during the last quarter. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Pattern Group in the fourth quarter valued at about $58,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Pattern Group in the third quarter valued at approximately $137,000.

Insider Buying and Selling at Pattern Group

In other news, Director Ann Mather sold 5,301 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $16.51, for a total transaction of $87,519.51. Following the sale, the director owned 31,509 shares in the company, valued at $520,213.59. This trade represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 70.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PTRN. Weiss Ratings restated a “sell (d)” rating on shares of Pattern Group in a research report on Thursday, June 18th. Jefferies Financial Group cut Pattern Group from a “buy” rating to a “hold” rating and increased their target price for the company from $21.00 to $30.00 in a report on Tuesday, July 14th. The Goldman Sachs Group reissued a “buy” rating and set a $27.00 price target on shares of Pattern Group in a research report on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on Pattern Group from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Pattern Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Pattern Group presently has an average rating of “Moderate Buy” and an average price target of $22.89.

Check Out Our Latest Stock Report on PTRN

Pattern Group Price Performance

NASDAQ:PTRN opened at $23.02 on Monday. The firm has a 50 day simple moving average of $23.25 and a 200-day simple moving average of $16.65. The firm has a market cap of $3.57 billion and a PE ratio of -12.31. Pattern Group Inc. has a 1-year low of $8.92 and a 1-year high of $29.80.

Pattern Group (NASDAQ:PTRNGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $773.73 million for the quarter, compared to analyst estimates of $715.90 million. During the same quarter last year, the business posted $0.17 EPS. The firm’s revenue was up 43.2% compared to the same quarter last year. As a group, sell-side analysts expect that Pattern Group Inc. will post 0.56 earnings per share for the current fiscal year.

Pattern Group Profile

(Free Report)

At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service.

Featured Stories

Want to see what other hedge funds are holding PTRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pattern Group Inc. (NASDAQ:PTRNFree Report).

Institutional Ownership by Quarter for Pattern Group (NASDAQ:PTRN)

Receive News & Ratings for Pattern Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pattern Group and related companies with MarketBeat.com's FREE daily email newsletter.