Northern Trust Corp grew its stake in shares of TerraForm Global, Inc. (NASDAQ:GLBL) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 887,360 shares of the energy company’s stock after buying an additional 8,279 shares during the period. Northern Trust Corp owned 0.79% of TerraForm Global worth $4,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in shares of TerraForm Global by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock valued at $1,163,000 after buying an additional 969 shares during the period. Wells Fargo & Company MN grew its stake in shares of TerraForm Global by 1.6% during the 2nd quarter. Wells Fargo & Company MN now owns 67,542 shares of the energy company’s stock valued at $341,000 after buying an additional 1,041 shares during the period. Paloma Partners Management Co grew its stake in shares of TerraForm Global by 6.9% during the 1st quarter. Paloma Partners Management Co now owns 49,600 shares of the energy company’s stock valued at $238,000 after buying an additional 3,185 shares during the period. American International Group Inc. grew its stake in shares of TerraForm Global by 7.1% during the 1st quarter. American International Group Inc. now owns 56,267 shares of the energy company’s stock valued at $270,000 after buying an additional 3,715 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of TerraForm Global by 12.6% during the 2nd quarter. Rhumbline Advisers now owns 95,918 shares of the energy company’s stock valued at $484,000 after buying an additional 10,715 shares during the period. 49.71% of the stock is owned by institutional investors.

Shares of TerraForm Global, Inc. (NASDAQ GLBL) opened at $4.80 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.74 and a quick ratio of 1.74. TerraForm Global, Inc. has a 12-month low of $3.40 and a 12-month high of $5.10.

Several brokerages have recently issued reports on GLBL. Zacks Investment Research raised shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Monday, September 11th. BidaskClub raised shares of TerraForm Global from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, ValuEngine cut shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.13.

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TerraForm Global Company Profile

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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Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)

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