The Manufacturers Life Insurance Company trimmed its stake in Cousins Properties Incorporated ( NYSE:CUZ – Free Report ) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,078 shares of the real estate investment trust’s stock after selling 4,642 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Cousins Properties were worth $3,628,000 at the end of the most recent reporting period. Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Cousins Properties by 130.8% in the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 858 shares in the last quarter. Larson Financial Group LLC raised its position in Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 438 shares in the last quarter. Signaturefd LLC lifted its stake in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cousins Properties in the 2nd quarter valued at about $115,000. Finally, CWM LLC increased its stake in shares of Cousins Properties by 74.6% during the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 1,836 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock. Analysts Set New Price Targets CUZ has been the subject of several recent analyst reports. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Barclays lifted their target price on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price target on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Truist Financial lifted their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Robert W. Baird increased their price objective on shares of Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and an average price target of $31.57. Cousins Properties Stock Up 0.3 % CUZ stock opened at $30.67 on Friday. The business’s fifty day moving average price is $30.77 and its two-hundred day moving average price is $27.45. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 92.94, a PEG ratio of 4.10 and a beta of 1.29. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. Cousins Properties ( NYSE:CUZ – Get Free Report ) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). The business had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. Cousins Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. On average, equities analysts anticipate that Cousins Properties Incorporated will post 2.68 earnings per share for the current year. Cousins Properties Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%. About Cousins Properties ( Free Report ) Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets. See Also Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated ( NYSE:CUZ – Free Report ). Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter .
LAS VEGAS (AP) — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." AP auto racing: https://apnews.com/hub/auto-racing
Find Recent Car Accident News and Access Police Crash ReportsThe upcoming clash against Paris Saint-Germain presents a golden opportunity for Manchester City to assert their European credentials and bounce back from their early-season woes. With the return of key players from injury and a renewed focus on their attacking prowess, the Citizens will be looking to make a statement against the French giants and set the tone for the rest of their campaign.
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Dr. Johnson highlighted the importance of enhancing intelligence-sharing, border security, and counterterrorism cooperation among countries to combat the spread of extremism and disrupt terrorist networks. "Preventing the radicalization of individuals, countering terrorist financing, and promoting deradicalization and rehabilitation programs are essential components of a holistic approach to addressing the terrorism threat emanating from the Syrian crisis," she suggested.
NEW YORK , Nov. 22, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Zeta Global Holdings Corp. (NYSE: ZETA) resulting from allegations that Zeta Global may have issued materially misleading business information to the investing public. So What: If you purchased Zeta Global securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31333 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On November 13, 2024 , Culper Research published a report entitled "Zeta Global Holdings Corp ZETA: Shams, Scams, and Spam." (the "Report"). The Report raised concerns about the company's reported financials. In addition, Culper Research announced that it believed that "Zeta has quietly spun up its own network of consent farms i.e., sham websites that hoodwink millions of consumers each month into handing their data over to Zeta under false pretenses, baited by job applications, stimulus money, or other rewards that simply do not exist." On this news, Zeta Global's stock price fell 37.1% on November 13, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-law-firm-encourages-zeta-global-holdings-corp-investors-to-inquire-about-securities-class-action-investigation--zeta-302314487.html SOURCE THE ROSEN LAW FIRM, P. A.