Overview of Recent Transaction by WASATCH ADVISORS LP (Trades, Portfolio)
On September 30, 2024, WASATCH ADVISORS LP (Trades, Portfolio) executed a significant transaction involving the shares of Cohen & Steers Inc (CNS, Financial), a renowned asset management firm. The firm reduced its holdings by 82,469 shares, priced at $95.95 each. Following this transaction, WASATCH ADVISORS LP (Trades, Portfolio) now holds a total of 3,031,839 shares in Cohen & Steers Inc, reflecting a 1.56% position in their portfolio and accounting for 6.00% of the company's available stock.
Profile of WASATCH ADVISORS LP (Trades, Portfolio)
WASATCH ADVISORS LP (Trades, Portfolio), based in Salt Lake City, Utah, is a prominent investment firm known for its detailed and growth-oriented investment approach. The firm manages a diverse portfolio with a strong emphasis on technology and industrials sectors. Among its top holdings are Ensign Group Inc (ENSG, Financial), HealthEquity Inc (HQY, Financial), Nova Ltd (NVMI, Financial), RBC Bearings Inc (RBC, Financial), and Globant SA (GLOB, Financial), showcasing a strategic focus on high-growth potential companies. WASATCH ADVISORS LP (Trades, Portfolio) oversees assets totaling approximately $18.7 billion.
Introduction to Cohen & Steers Inc
Cohen & Steers Inc specializes in real estate securities and is a leader in asset management, focusing primarily on real estate investment trusts. The company manages assets worth $79.3 billion as of January 2024, with a diversified client base across institutional accounts, open-end, and closed-end funds. Cohen & Steers Inc is headquartered in the USA and has been publicly traded since its IPO on August 13, 2004.
Financial and Market Analysis of Cohen & Steers Inc
Currently, Cohen & Steers Inc has a market capitalization of $5.07 billion and a stock price of $100.24. The stock is considered significantly overvalued with a GF Value of $62.99, indicating a price to GF Value ratio of 1.59. The company's PE Ratio stands at 37.40, reflecting its earnings relative to its share price. Despite these metrics, the stock has shown a robust year-to-date increase of 31.5% in its price.
Impact of the Trade on WASATCH ADVISORS LP (Trades, Portfolio)’s Portfolio
The recent reduction in Cohen & Steers Inc shares by WASATCH ADVISORS LP (Trades, Portfolio) has a minor impact of -0.04% on its portfolio. This adjustment might reflect a strategic shift or a reallocation based on the firm's assessment of the stock's future performance potential and its current market valuation.
Sector and Market Context
This transaction occurs within a broader market where asset management firms are continuously adjusting to global economic shifts and regulatory changes. Cohen & Steers Inc competes with other significant players in the asset management industry, where firms like Baron Funds hold a substantial share.
Performance and Future Outlook of Cohen & Steers Inc
Cohen & Steers Inc has demonstrated strong financial health with a Profitability Rank of 9/10 and a Growth Rank of 9/10. The company's future outlook remains positive based on its historical performance and strategic positioning within the high-yield and real estate investment sectors.
Involvement of Other Significant Investors
Notable investors like Mario Gabelli (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) also maintain stakes in Cohen & Steers Inc, indicating the firm's strong reputation and potential within the investment community. Baron Funds emerges as the largest shareholder, further underscoring the confidence in Cohen & Steers Inc's market strategy and financial robustness.
The strategic reduction by WASATCH ADVISORS LP (Trades, Portfolio) in Cohen & Steers Inc reflects a nuanced approach to portfolio management, aligning with broader market movements and individual stock assessments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
