Cohen & Steers (NYSE:CNS) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Cohen & Steers (NYSE:CNS – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the asset manager’s stock.

Cohen & Steers Stock Performance

CNS opened at $63.82 on Thursday. The firm has a market cap of $3.13 billion, a P/E ratio of 18.39 and a beta of 1.36. Cohen & Steers has a 52-week low of $52.34 and a 52-week high of $88.21. The business’s fifty day moving average is $71.93 and its 200-day moving average is $67.43.

Cohen & Steers (NYSE:CNS – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.02). The business had revenue of $125.34 million during the quarter, compared to analyst estimates of $120.45 million. Cohen & Steers had a net margin of 30.17% and a return on equity of 60.65%. The business’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share.

Institutional Trading of Cohen & Steers

Several large investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Cohen & Steers by 25.1% in the fourth quarter. Assetmark Inc. now owns 747 shares of the asset manager’s stock valued at $48,000 after buying an additional 150 shares in the last quarter. Van ECK Associates Corp raised its position in Cohen & Steers by 67.0% in the third quarter. Van ECK Associates Corp now owns 481 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 193 shares during the last quarter. MetLife Investment Management LLC raised its position in Cohen & Steers by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 13,334 shares of the asset manager’s stock valued at $861,000 after purchasing an additional 198 shares during the last quarter. Eagle Bay Advisors LLC raised its position in Cohen & Steers by 24.9% in the third quarter. Eagle Bay Advisors LLC now owns 1,084 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 216 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Cohen & Steers by 3.8% in the fourth quarter. Arizona State Retirement System now owns 7,557 shares of the asset manager’s stock valued at $488,000 after purchasing an additional 280 shares during the last quarter. 47.37% of the stock is owned by institutional investors and hedge funds.

About Cohen & Steers

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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.