Equity Commonwealth (NYSE: EQC) is 3.39% higher on its value in year-to-date trading and has touched a low of $1.22 and a high of $1.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQC stock was last observed hovering at around $1.81 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.83, the stock is 8.84% and 22.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 1.10% at the moment leaves the stock 33.62% off its SMA200. EQC registered 39.02% gain for a year compared to 6-month gain of 40.18%. The firm has a 50-day simple moving average (SMA 50) of $13.4436 and a 200-day simple moving average (SMA200) of $17.9815.
The stock witnessed a 33.09% loss in the last 1 month and extending the period to 3 months gives it a 36.27%, and is 3.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 4.06% over the month.
Equity Commonwealth (EQC) has around 22 employees, a market worth around $198.59M and $58.43M in sales. Current P/E ratio is 4.75. Profit margin for the company is 71.75%. Distance from 52-week low is 49.72% and 0.00% from its 52-week high. The company has generated returns on investments over the last 12 months (1.74%).
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Equity Commonwealth (EQC) Top Institutional Holders
355.0 institutions hold shares in Equity Commonwealth (EQC), with institutional investors hold 108.50% of the company’s shares. The shares outstanding are 107.33M, and float is at 101.09M with Short Float at 5.95%. Institutions hold 106.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.14 million shares valued at $313.19 million. The investor’s holdings represent 15.0572% of the EQC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.14 million shares valued at $216.15 million to account for 10.3919 of the shares outstanding. The other top investors are SEGALL BRYANT & HAMILL, LLC which holds 3.79 million shares representing 3.5369% and valued at over $73.57 million, while BURGUNDY ASSET MANAGEMENT LTD. holds 3.4601 of the shares totaling 3.71 million with a market value of $71.97 million.
Equity Commonwealth (EQC) Insider Activity
The most recent transaction is an insider sale by Levy Andrew, the company’s SVP & Chief Accounting Officer. SEC filings show that Levy Andrew sold 2,409 shares of the company’s common stock on Mar 06 ’24 at a price of $18.71 per share for a total of $45072.0. Following the sale, the insider now owns 2305.0 shares.
