Levin Capital Strategies L.P. Sells 44,054 Shares of Altaba Inc (AABA)

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Levin Capital Strategies L.P. trimmed its holdings in shares of Altaba Inc (NASDAQ:AABA) by 55.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,249 shares of the company’s stock after selling 44,054 shares during the period. Levin Capital Strategies L.P.’s holdings in Altaba were worth $2,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AABA. First Command Bank acquired a new position in Altaba during the fourth quarter valued at approximately $25,000. First Command Financial Services Inc. acquired a new position in Altaba during the fourth quarter valued at approximately $25,000. Watermark Asset Management Inc. lifted its position in Altaba by 720.0% during the fourth quarter. Watermark Asset Management Inc. now owns 615 shares of the company’s stock valued at $36,000 after buying an additional 540 shares in the last quarter. We Are One Seven LLC acquired a new position in Altaba during the fourth quarter valued at approximately $45,000. Finally, Intercontinental Wealth Advisors LLC acquired a new position in Altaba during the fourth quarter valued at approximately $46,000. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on AABA. JPMorgan Chase & Co. reduced their price target on shares of Altaba to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 5th. BidaskClub raised shares of Altaba from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $93.42.

AABA opened at $68.50 on Tuesday. Altaba Inc has a 52-week low of $54.75 and a 52-week high of $82.45.

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About Altaba

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

Further Reading: Convertible Shares

Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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