Bank of Montreal Can decreased its stake in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 36.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,491 shares of the energy company’s stock after selling 16,005 shares during the period. Bank of Montreal Can’s holdings in TerraForm Global were worth $144,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of GLBL. Teachers Advisors LLC lifted its position in shares of TerraForm Global by 8.3% during the fourth quarter. Teachers Advisors LLC now owns 156,890 shares of the energy company’s stock worth $620,000 after purchasing an additional 12,000 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in TerraForm Global in the first quarter worth about $128,000. Bank of New York Mellon Corp lifted its holdings in TerraForm Global by 20.0% in the first quarter. Bank of New York Mellon Corp now owns 451,281 shares of the energy company’s stock worth $2,166,000 after acquiring an additional 75,076 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in TerraForm Global by 101.9% in the first quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock worth $200,000 after acquiring an additional 21,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in TerraForm Global in the first quarter worth about $502,000. 76.82% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on GLBL shares. Zacks Investment Research raised shares of TerraForm Global from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, ValuEngine cut shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.38.
Shares of TerraForm Global, Inc. (NASDAQ:GLBL) traded down 0.510% during midday trading on Friday, hitting $4.875. 485,405 shares of the company’s stock traded hands. TerraForm Global, Inc. has a 1-year low of $3.38 and a 1-year high of $5.10. The company has a 50 day moving average price of $4.91 and a 200 day moving average price of $4.58. The firm’s market capitalization is $550.73 million.
TerraForm Global (NASDAQ:GLBL) last issued its earnings results on Wednesday, August 9th. The energy company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $62.50 million for the quarter, compared to analyst estimates of $66.33 million. TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. During the same quarter last year, the firm posted $0.01 earnings per share. Equities analysts anticipate that TerraForm Global, Inc. will post ($0.16) earnings per share for the current year.
TerraForm Global Company Profile
TerraForm Global, Inc is a holding company. The Company is a diversified renewable energy company that owns contracted solar and wind power plants. The Company operates through two segments: Solar Energy and Wind Energy. The segments include the Company’s entire portfolio of power plants. The Company’s portfolio consisted of solar and wind power plants located in Brazil, China, India, Malaysia, South Africa, Thailand and Uruguay with an aggregate net capacity of 916.4 megawatts (MW) as of October 31, 2016.
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