TerraForm Global, Inc. (GLBL) Position Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 62.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 373,079 shares of the energy company’s stock after selling 608,813 shares during the period. JPMorgan Chase & Co. owned 0.33% of TerraForm Global worth $1,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of TerraForm Global by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock worth $1,163,000 after buying an additional 969 shares during the period. Global X Management Co. LLC boosted its holdings in TerraForm Global by 4.2% in the 1st quarter. Global X Management Co. LLC now owns 43,646 shares of the energy company’s stock valued at $210,000 after purchasing an additional 1,761 shares during the period. Paloma Partners Management Co boosted its holdings in TerraForm Global by 6.9% in the 1st quarter. Paloma Partners Management Co now owns 49,600 shares of the energy company’s stock valued at $238,000 after purchasing an additional 3,185 shares during the period. American International Group Inc. boosted its holdings in TerraForm Global by 7.1% in the 1st quarter. American International Group Inc. now owns 56,267 shares of the energy company’s stock valued at $270,000 after purchasing an additional 3,715 shares during the period. Finally, Rhumbline Advisers boosted its holdings in TerraForm Global by 12.6% in the 2nd quarter. Rhumbline Advisers now owns 95,918 shares of the energy company’s stock valued at $484,000 after purchasing an additional 10,715 shares during the period. 49.78% of the stock is owned by institutional investors and hedge funds.

Shares of TerraForm Global, Inc. (GLBL) opened at 4.875 on Monday. The company’s market capitalization is $550.73 million. The firm has a 50-day moving average of $4.84 and a 200-day moving average of $4.84. TerraForm Global, Inc. has a one year low of $3.40 and a one year high of $5.10.

TerraForm Global (NASDAQ:GLBL) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. The company had revenue of $62.50 million for the quarter, compared to the consensus estimate of $66.33 million. During the same period last year, the firm earned $0.01 earnings per share. Equities research analysts expect that TerraForm Global, Inc. will post ($0.16) EPS for the current fiscal year.

A number of analysts have weighed in on the stock. ValuEngine downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research downgraded shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.13.

WARNING: “TerraForm Global, Inc. (GLBL) Position Lessened b

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of TerraForm Global by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock worth $1,163,000 after buying an additional 969 shares during the period. Global X Management Co. LLC boosted its holdings in TerraForm Global by 4.2% in the 1st quarter. Global X Management Co. LLC now owns 43,646 shares of the energy company’s stock valued at $210,000 after purchasing an additional 1,761 shares during the period. Paloma Partners Management Co boosted its holdings in TerraForm Global by 6.9% in the 1st quarter. Paloma Partners Management Co now owns 49,600 shares of the energy company’s stock valued at $238,000 after purchasing an additional 3,185 shares during the period. American International Group Inc. boosted its holdings in TerraForm Global by 7.1% in the 1st quarter. American International Group Inc. now owns 56,267 shares of the energy company’s stock valued at $270,000 after purchasing an additional 3,715 shares during the period. Finally, Rhumbline Advisers boosted its holdings in TerraForm Global by 12.6% in the 2nd quarter. Rhumbline Advisers now owns 95,918 shares of the energy company’s stock valued at $484,000 after purchasing an additional 10,715 shares during the period. 49.78% of the stock is owned by institutional investors and hedge funds.

Shares of TerraForm Global, Inc. (GLBL) opened at 4.875 on Monday. The company’s market capitalization is $550.73 million. The firm has a 50-day moving average of $4.84 and a 200-day moving average of $4.84. TerraForm Global, Inc. has a one year low of $3.40 and a one year high of $5.10.

TerraForm Global (NASDAQ:GLBL) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). TerraForm Global had a negative return on equity of 6.15% and a negative net margin of 26.87%. The company had revenue of $62.50 million for the quarter, compared to the consensus estimate of $66.33 million. During the same period last year, the firm earned $0.01 earnings per share. Equities research analysts expect that TerraForm Global, Inc. will post ($0.16) EPS for the current fiscal year.

A number of analysts have weighed in on the stock. ValuEngine downgraded shares of TerraForm Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research downgraded shares of TerraForm Global from a “buy” rating to a “hold” rating in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.13.

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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.

Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)

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