Terraform Pwr Cla Cm (NASDAQ:TERP).
Appaloosa Lp reports that it decreased its stake in Terraform Pwr Cla Cm by 156,226 shares in the last quarter. Its stake stood at $113,064,000 an increase of $8,560,000 as of quarter end.
Here are a few institutional investors who have updated their positions. As of the end of the quarter Ubs Asset Management Americas Inc had bought a total of 95 shares growing its holdings by 197.9%. The value of the investment in (TERP) went from $576,000 to $1,890,000 a change of 228.1% for the reporting period. Alliancebernstein L.P. bolstered its ownership by buying 123,217 shares an increase of 111.3% in the quarter. Alliancebernstein L.P. controls 233,917 shares valued at $3,092,000. The value of the position overall is up by 132.8%.
As of quarter end Baird Financial Group, Inc. had disposed of 11,255 shares trimming its stake by 14.2%. The value of the total investment in Terraform Pwr Cla Cm decreased from $949,000 to $896,000 a change of $53,000 quarter to quarter.
On October 24 analysts at Bank of America Corporation issued a report on TERP with an initial rating of “Underperform”.
October 19 investment analysts at J P Morgan Chase & Co kept the stock rating at “Neutral” targeting a price of $13.00. On October 13 Robert W. Baird made no change to the company rating of “Hold” projecting a price of $13.00.
On September 3 Robert W. Baird held the company rating at “Hold” with a current price target of $13.00.
The company is so far trading up from yesterday’s close of 12.17. The P/E ratio is N/A and the market cap is 1.87B. In the latest earnings report the EPS was $-1.57 with 148.22M shares outstanding.
Investors are more bullish on Terraform Pwr Cla Cm of late as shown by the downtick in short interest. The firm experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -29.32%. Short shares fell from 6,408,036 to 4,529,381 over that timeframe. Days to cover decreased from 17.0 to 6.0 and the percentage of shorted shares was 0.03% on October 13.