Cohen & Steers, Inc. (NYSE:CNS) Sees Significant Decrease in Short Interest

Cohen & Steers, Inc. (NYSE:CNS) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a drop of 5.4% from the January 15th total of 1,660,000 shares. Based on an average daily trading volume, of 191,600 shares, the short-interest ratio is currently 8.2 days. Approximately 5.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their target price on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Taylor Hoffman Capital Management LLC raised its stake in Cohen & Steers by 0.9% during the 4th quarter. Taylor Hoffman Capital Management LLC now owns 60,190 shares of the asset manager’s stock valued at $5,558,000 after purchasing an additional 513 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cohen & Steers by 16.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,587 shares of the asset manager’s stock valued at $6,518,000 after acquiring an additional 9,879 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Cohen & Steers in the 4th quarter valued at about $4,923,000. Squarepoint Ops LLC lifted its position in shares of Cohen & Steers by 88.3% in the fourth quarter. Squarepoint Ops LLC now owns 17,866 shares of the asset manager’s stock worth $1,650,000 after purchasing an additional 8,376 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Cohen & Steers by 32.3% during the fourth quarter. State of Wyoming now owns 2,138 shares of the asset manager’s stock worth $197,000 after purchasing an additional 522 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of CNS opened at $86.50 on Wednesday. The firm’s 50 day moving average is $90.07 and its 200-day moving average is $93.28. The stock has a market capitalization of $4.37 billion, a P/E ratio of 29.12 and a beta of 1.56. Cohen & Steers has a 12-month low of $64.13 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

About Cohen & Steers

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.