SG Americas Securities LLC boosted its stake in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 35.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838,595 shares of the energy company’s stock after buying an additional 220,876 shares during the period. SG Americas Securities LLC owned about 0.74% of TerraForm Global worth $4,235,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC purchased a new stake in TerraForm Global during the first quarter valued at $128,000. AQR Capital Management LLC purchased a new stake in TerraForm Global during the fourth quarter valued at $124,000. TFS Capital LLC purchased a new stake in TerraForm Global during the first quarter valued at $179,000. Two Sigma Securities LLC raised its stake in TerraForm Global by 122.7% in the first quarter. Two Sigma Securities LLC now owns 38,656 shares of the energy company’s stock valued at $186,000 after buying an additional 21,295 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake 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 valued at $200,000 after buying an additional 21,000 shares in the last quarter. Institutional investors own 60.01% of the company’s stock.
Shares of TerraForm Global, Inc. (NASDAQ:GLBL) opened at 5.05 on Friday. The company’s market capitalization is $570.50 million. TerraForm Global, Inc. has a 12-month low of $3.25 and a 12-month high of $5.10. The firm has a 50-day moving average price of $5.03 and a 200 day moving average price of $4.83.
TerraForm Global (NASDAQ:GLBL) last announced its quarterly earnings results on Wednesday, August 9th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01. TerraForm Global had a negative net margin of 26.87% and a negative return on equity of 6.15%. The company had revenue of $62.50 million during the quarter, compared to analysts’ expectations of $66.33 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, equities research analysts predict that TerraForm Global, Inc. will post ($0.16) earnings per share for the current year.
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Several equities research analysts recently weighed in on the company. BidaskClub lowered TerraForm Global from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded TerraForm Global from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. TerraForm Global has a consensus rating of “Hold” and an average price target of $7.00.
About TerraForm Global
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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