Numeric Investors LLC Increases Holding in TerraForm Global Inc (GLBL)

Numeric Investors LLC Increases Holding in TerraForm Global Inc (GLBL)

Numeric Investors LLC boosted its position in TerraForm Global Inc (NASDAQ:GLBL) by 686.0% during the fourth quarter, Holdings Channel reports. The fund owned 106,900 shares of the company’s stock after buying an additional 93,300 shares during the period. Numeric Investors LLC owned about 0.09% of TerraForm Global worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of TerraForm Global during the fourth quarter valued at about $124,000. Wells Fargo & Company MN increased its stake in shares of TerraForm Global by 122.5% in the third quarter. Wells Fargo & Company MN now owns 45,408 shares of the company’s stock valued at $187,000 after buying an additional 25,004 shares during the period. Airain ltd bought a new stake in shares of TerraForm Global during the third quarter valued at about $251,000. Engineers Gate Manager LP bought a new stake in shares of TerraForm Global during the third quarter valued at about $441,000. Finally, TCW Group Inc. bought a new stake in shares of TerraForm Global during the fourth quarter valued at about $1,212,000. 53.43% of the stock is currently owned by institutional investors.

Shares of TerraForm Global Inc (NASDAQ:GLBL) opened at 4.90 on Tuesday. The company’s 50-day moving average price is $4.58 and its 200 day moving average price is $4.07. TerraForm Global Inc has a one year low of $1.92 and a one year high of $4.95. The company’s market cap is $554.82 million.

Several brokerages recently issued reports on GLBL. Zacks Investment Research downgraded TerraForm Global from a “hold” rating to a “sell” rating in a report on Wednesday, March 15th. Avondale Partners upgraded TerraForm Global from a “market perform” rating to an “outperform” rating in a report on Thursday, February 2nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TerraForm Global in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. TerraForm Global has an average rating of “Hold” and an average price target of $5.33.

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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