Quentec Asset Management LLC Trims Stake in Sky Solar Holdings, Ltd. (SKYS)

Quentec Asset Management LLC reduced its stake in shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 671,151 shares of the solar energy provider’s stock after selling 29,812 shares during the quarter. Sky Solar comprises about 0.1% of Quentec Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Quentec Asset Management LLC owned 0.17% of Sky Solar worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Shares of Sky Solar Holdings, Ltd. (NASDAQ:SKYS) opened at $1.50 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.46 and a quick ratio of 2.37. Sky Solar Holdings, Ltd. has a 52 week low of $1.00 and a 52 week high of $3.62.

Several equities research analysts have weighed in on SKYS shares. Zacks Investment Research raised Sky Solar from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research note on Thursday, October 26th. ValuEngine raised Sky Solar from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Roth Capital raised Sky Solar from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $1.30 to $5.00 in a research note on Wednesday, October 11th. BidaskClub raised Sky Solar from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Oppenheimer reissued a “buy” rating and set a $5.00 price objective on shares of Sky Solar in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Sky Solar has an average rating of “Buy” and a consensus target price of $3.92.

WARNING: “Quentec Asset Management LLC Trims Stake in Sky Solar Holdings, Ltd. (SKYS)” was published by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3079070/quentec-asset-management-llc-trims-stake-in-sky-solar-holdings-ltd-skys.html.

About Sky Solar

Sky Solar Holdings, Ltd. is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company focuses on the downstream solar market and develops projects primarily in Asia, South America, Europe and North America. Its subsidiaries are engaged in activities, such as selling electricity generated from solar parks owned by the Company as IPP; pipeline (including obtaining permits required for solar power projects and sourcing of solar modules), and providing engineering, procurement and construction (EPC) services ; providing operating and maintenance (O&M) services for solar parks; sales of solar modules, and building and transferring of solar parks (BT).

Want to see what other hedge funds are holding SKYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sky Solar Holdings, Ltd. (NASDAQ:SKYS).

Receive News & Ratings for Sky Solar Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Solar Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.