Nicholas Schorsch Increases Stake in NYC with Recent Buy
Nicholas Schorsch purchased 1,500 shares of NYC, enhancing his position in the company.
Key Points
- Nicholas Schorsch bought 1,500 shares of NYC on June 22, 2026, at an average price of $7.85, totaling $11,775.
- NYC shares traded around $8.06 on Thursday, with recent insider activities reflecting multiple purchases in June.
- Institutional activity includes Vanguard Capital Management opening a new position with 20,785 shares worth $177,088.
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Nicholas Schorsch made a significant move by purchasing 1,500 shares of NYC on June 22, 2026. The shares were bought at an average price of $7.85, amounting to a total value of $11,775. This transaction is part of a series of insider buys by Schorsch in recent months.
Insider Buying and Selling at American Strategic Investment Co.
Nicholas Schorsch has been actively buying shares of NYC. On June 24, 2026, he bought another 1,000 shares at $8.26 each. A day earlier, on June 23, he acquired the same number of shares at $8.30 per share. Earlier in the month, on June 15, Schorsch purchased 1,500 shares at $8.29. These transactions are not under a pre-planned trading plan, indicating a direct increase in his stake.
Other Institutional Activity in NYC
Vanguard Capital Management LLC opened a new position in NYC, acquiring 20,785 shares valued at approximately $177,088. Geode Capital Management, LLC increased its holdings by 2,450 shares, bringing its total to 19,452 shares worth about $165,774, marking a 14.4% increase. Meanwhile, Vanguard Fiduciary Trust Co also initiated a new position with 11,666 shares valued at $99,394. Osaic Holdings, Inc. reduced its stake by 167 shares, ending with 1,701 shares valued at $14,486. Tower Research Capital LLC (TRC) trimmed its holdings by 67 shares, now holding 500 shares worth $4,260.
American Strategic Investment Co. Stock Up 28.7%
Shares of NYC traded near $8.06 on Thursday. The stock's recent activity reflects a series of insider buys, suggesting confidence from Nicholas Schorsch. The broader institutional interest also indicates varying levels of engagement among major funds.
$NYC stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analysts at B.Riley Financial maintained a 'hold' rating on NYC, with a price target of $8.00 as of August 18, 2023. Earlier in the year, on March 17, they set a higher target of $15.00, maintaining the same 'hold' rating.
Bottom Line
Nicholas Schorsch's recent purchases of NYC shares highlight his growing investment in the company. These insider transactions, combined with new institutional positions, reflect a dynamic interest in NYC. Investors often track such activities for insights into potential future performance, though it's important to remember that insider buys don't guarantee stock performance. As always, these reports are backward-looking and may not reflect current holdings.
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