Entropy Technologies LP Grows Holdings in Equity Commonwealth (NYSE:EQC)

Entropy Technologies LP raised its position in Equity Commonwealth (NYSE:EQC) by 11.9% in the third quarter, Holdings Channel reports. The institutional investor owned 31,904 shares of the real estate investment trust’s stock after purchasing an additional 3,402 shares during the period. Entropy Technologies LP’s holdings in Equity Commonwealth were worth $635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Equity Commonwealth in the third quarter valued at $529,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Equity Commonwealth by 1.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,622,655 shares of the real estate investment trust’s stock worth $32,291,000 after purchasing an additional 18,393 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Equity Commonwealth by 25.6% during the third quarter. Van ECK Associates Corp now owns 3,103 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 632 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Equity Commonwealth by 147.2% during the third quarter. Harbor Capital Advisors Inc. now owns 161,729 shares of the real estate investment trust’s stock worth $3,218,000 after purchasing an additional 96,312 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Equity Commonwealth by 35.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,165 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,084 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Equity Commonwealth Price Performance

NYSE:EQC opened at $19.75 on Friday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 50.64 and a beta of 0.27. The company’s 50-day moving average is $19.93 and its two-hundred day moving average is $19.69. Equity Commonwealth has a 1-year low of $17.93 and a 1-year high of $21.00.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Equity Commonwealth from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

Equity Commonwealth Profile

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. EQC's portfolio is comprised of four properties totaling 1.5 million square feet.