Short Interest in Cohen & Steers, Inc. (NYSE:CNS) Decreases By 12.7%

Cohen & Steers, Inc. (NYSE:CNS) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,650,000 shares, a drop of 12.7% from the November 15th total of 1,890,000 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average trading volume of 209,500 shares, the short-interest ratio is currently 7.9 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Cohen & Steers during the third quarter valued at $31,000. Westside Investment Management Inc. bought a new position in Cohen & Steers during the 3rd quarter valued at about $32,000. GAMMA Investing LLC lifted its holdings in Cohen & Steers by 64.9% during the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock valued at $59,000 after purchasing an additional 240 shares during the last quarter. Signaturefd LLC grew its stake in Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after buying an additional 107 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after buying an additional 119 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

CNS traded down $1.28 during midday trading on Tuesday, hitting $97.15. 317,549 shares of the company’s stock traded hands, compared to its average volume of 220,301. The company has a market cap of $4.91 billion, a PE ratio of 36.73 and a beta of 1.52. Cohen & Steers has a one year low of $64.13 and a one year high of $110.67. The stock’s fifty day simple moving average is $100.83 and its 200-day simple moving average is $88.71.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, November 18th. Cohen & Steers’s dividend payout ratio is currently 88.06%.

Wall Street Analyst Weigh In

CNS has been the subject of several recent analyst reports. Evercore ISI raised their price objective 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. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.