US Geothermal Inc (AMEX:HTM) Stake Lowered by Granite Investment Partners LLC

Granite Investment Partners LLC reduced its position in US Geothermal Inc (AMEX:HTM) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 334,554 shares of the energy company’s stock after selling 16,203 shares during the period. Granite Investment Partners LLC owned 1.76% of US Geothermal worth $1,536,000 as of its most recent SEC filing.

Receive News & Ratings for US Geothermal Inc Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Geothermal Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Separately, Private Management Group Inc. increased its stake in shares of US Geothermal by 2.7% in the first quarter. Private Management Group Inc. now owns 1,635,282 shares of the energy company’s stock worth $6,688,000 after buying an additional 43,435 shares during the period.

Shares of US Geothermal Inc (AMEX:HTM) opened at 4.29 on Friday. US Geothermal Inc has a 52-week low of $0.62 and a 52-week high of $4.94. The firm’s 50-day moving average price is $4.40 and its 200-day moving average price is $4.22. The stock has a market cap of $81.68 million, a P/E ratio of 214.50 and a beta of 0.51.

US Geothermal (AMEX:HTM) last announced its earnings results on Thursday, August 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $6.31 million for the quarter, compared to analysts’ expectations of $6.16 million. US Geothermal had a net margin of 13.32% and a return on equity of 0.99%. Equities analysts predict that US Geothermal Inc will post $0.04 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “[[title]]” was originally reported by [[site]] and is the property of of [[site]]. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at [[permalink]].

A number of equities research analysts recently issued reports on the company. Cowen and Company set a $6.00 price objective on US Geothermal and gave the stock a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded US Geothermal from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine downgraded US Geothermal from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Roth Capital set a $5.00 price target on US Geothermal and gave the company a “buy” rating in a research report on Saturday, May 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. US Geothermal currently has a consensus rating of “Buy” and a consensus target price of $5.19.

US Geothermal Company Profile

U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.