PJT Partners (PJT) Quarterly Results Surpassed Expectations

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In Q3 2023, small-cap stocks posted negative returns after a mostly positive first-half performance. Russell 2000 Growth Index declined 7.32%, significantly underperforming the Russell 2000 Value Index (down 2.97%). In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Carillon Eagle Small Cap Growth Fund highlighted stocks like PJT Partners Inc. (NYSE:PJT) in the third quarter 2023 investor letter. Headquartered in New York, New York, PJT Partners Inc. (NYSE:PJT) is an investment bank. On October 26, 2023, PJT Partners Inc. (NYSE:PJT) stock closed at $72.11 per share. One-month return of PJT Partners Inc. (NYSE:PJT) was -9.23%, and its shares lost 0.78% of their value over the last 52 weeks. PJT Partners Inc. (NYSE:PJT) has a market capitalization of $2.806 billion.

Carillon Eagle Small Cap Growth Fund made the following comment about PJT Partners Inc. (NYSE:PJT) in its Q3 2023 investor letter:

“PJT Partners Inc. (NYSE:PJT) is a global advisory-focused boutique investment bank. The stock performed well as quarterly results meaningfully surpassed expectations. The restructuring piece of the company’s business drove much of the upside. This area has benefited from a higher interest rate environment, which drives demand for PJT’s services.”

An investment banker monitoring the performance of the Brazilian stock index, emphasizing the importance of the company in the economy. Editorial photo for a financial news article. 8k. –ar 16:9

PJT Partners Inc. (NYSE:PJT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held PJT Partners Inc. (NYSE:PJT) at the end of second quarter which was 16 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.