ClariVest Asset Management LLC increased its position in shares of Atlantic Power Corp. (NYSE:AT) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,000 shares of the company’s stock after buying an additional 6,700 shares during the period. ClariVest Asset Management LLC’s holdings in Atlantic Power Corp. were worth $312,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Atlantic Power Corp. by 155.7% in the second quarter. Strs Ohio now owns 265,200 shares of the company’s stock worth $657,000 after buying an additional 161,500 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Atlantic Power Corp. by 0.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 87,055 shares of the company’s stock worth $215,000 after buying an additional 609 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Atlantic Power Corp. during the first quarter worth about $121,000. Oskie Capital Management LLC boosted its stake in Atlantic Power Corp. by 18.7% in the first quarter. Oskie Capital Management LLC now owns 2,511,726 shares of the company’s stock worth $6,179,000 after buying an additional 395,756 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Atlantic Power Corp. by 76.1% in the first quarter. Goldman Sachs Group Inc. now owns 285,190 shares of the company’s stock worth $702,000 after buying an additional 123,240 shares in the last quarter. 43.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Atlantic Power Corp. (NYSE:AT) traded down 0.41% on Tuesday, reaching $2.42. The company’s stock had a trading volume of 170,878 shares. The company has a 50 day moving average of $2.50 and a 200 day moving average of $2.47. Atlantic Power Corp. has a 1-year low of $1.57 and a 1-year high of $2.75. The stock’s market capitalization is $291.63 million.
Separately, TD Securities reissued a “hold” rating and issued a $2.75 price target on shares of Atlantic Power Corp. in a research note on Saturday, August 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $2.67.
About Atlantic Power Corp.
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate.
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