Key Points
- Major shareholder Nicholas Schorsch bought 5,000 shares of American Strategic Investment on June 29 at an average price of $9.27 per share, totaling $46,350.
- After the purchase, Schorsch’s stake rose to 1,081,620 shares, valued at about $10.0 million, a 0.46% increase in his position.
- American Strategic Investment continues to face weak fundamentals, including a negative EPS of $3.04 last quarter and a consensus analyst rating of “Sell.”
American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas Schorsch purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average cost of $9.27 per share, with a total value of $46,350.00. Following the acquisition, the insider owned 1,081,620 shares in the company, valued at $10,026,617.40. This represents a 0.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
American Strategic Investment Stock Performance
NYC opened at $9.80 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. The company has a market cap of $26.36 million, a price-to-earnings ratio of -1.16 and a beta of 0.23. American Strategic Investment Co. has a 52-week low of $7.00 and a 52-week high of $16.30. The firm's fifty day simple moving average is $8.60 and its two-hundred day simple moving average is $8.68.
American Strategic Investment (NYSE:NYC - Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share (EPS) for the quarter. The company had revenue of $7.35 million during the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of American Strategic Investment in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, American Strategic Investment presently has a consensus rating of "Sell".
Get Our Latest Research Report on American Strategic Investment
About American Strategic Investment
(
Get Free Report)
American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
