The stock of Westwood Holdings Group, Inc. (NYSE:WHG) hit a new 52-week high and has $75.46 target or 23.00% above today’s $61.35 share price. The 6 months bullish chart indicates low risk for the $546.41M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $75.46 price target is reached, the company will be worth $125.67 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 16,937 shares traded hands. Westwood Holdings Group, Inc. (NYSE:WHG) has risen 1.03% since April 19, 2016 and is uptrending. It has underperformed by 2.83% the S&P500.
According to Zacks Investment Research, “Westwood is a well-established investment management company that has built a strong reputation of providing superior investment results with the highest level of client service.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.16, from 1.29 in 2016Q1. The ratio increased, as 6 funds sold all Westwood Holdings Group, Inc. shares owned while 25 reduced positions. 11 funds bought stakes while 29 increased positions. They now own 5.27 million shares or 3.38% less from 5.46 million shares in 2016Q1.
Tompkins Fincl holds 0% or 55 shares in its portfolio. Alliancebernstein Lp holds 0% or 4,161 shares in its portfolio. Blackrock Institutional Tru Na has invested 0% of its portfolio in Westwood Holdings Group, Inc. (NYSE:WHG). Moreover, Swiss Bank & Trust has 0% invested in Westwood Holdings Group, Inc. (NYSE:WHG) for 11,293 shares. Envestnet Asset Management accumulated 1,504 shares or 0% of the stock. Blackrock holds 710 shares or 0% of its portfolio. Brown Advisory Inc has invested 0% of its portfolio in Westwood Holdings Group, Inc. (NYSE:WHG). Blackrock Grp Ltd accumulated 1,937 shares or 0% of the stock. Parametric Lc, a Washington-based fund reported 12,210 shares. Grp last reported 4,596 shares in the company. Schroder Mgmt Gp owns 18,500 shares or 0% of their US portfolio. Greenwich Management reported 45,795 shares or 2.53% of all its holdings. Teacher Retirement Of Texas owns 1,033 shares or 0% of their US portfolio. Blackrock Fund Advsr has 207,251 shares for 0% of their US portfolio. Goldman Sachs Gru has invested 0% of its portfolio in Westwood Holdings Group, Inc. (NYSE:WHG).
Insider Transactions: Since November 18, 2016, the stock had 0 insider purchases, and 1 insider sale for $120,026 net activity. Root Randall L. also sold $120,026 worth of Westwood Holdings Group, Inc. (NYSE:WHG) shares.
More recent Westwood Holdings Group, Inc. (NYSE:WHG) news were published by: Globenewswire.com which released: “Westwood Holdings Group and Aviva Investors Announce Extension of Strategic …” on September 26, 2016. Also Reuters.com published the news titled: “BRIEF-Westwood Holdings Group, Inc. Reports second quarter 2016 results” on July 27, 2016. Globenewswire.com‘s news article titled: “Westwood Holdings Group, Inc. Reports Third Quarter 2016 Results” with publication date: October 26, 2016 was also an interesting one.
WHG Company Profile
Westwood Holdings Group, Inc. (Westwood), incorporated on December 12, 2001, is a holding company. Through its subsidiaries, the Company manages investment assets and provides services. The Firm operates through its subsidiaries, which include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc. (Westwood International) and Westwood Trust. The Firm operates through two divisions: Advisory and Trust.
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