Granite Investment Partners LLC lowered its stake in US Geothermal Inc (NYSEAMERICAN:HTM) by 34.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,228 shares of the energy company’s stock after selling 114,326 shares during the quarter. Granite Investment Partners LLC owned about 1.14% of US Geothermal worth $878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northern Trust Corp lifted its stake in US Geothermal by 1.2% in the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after buying an additional 392 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of US Geothermal by 72.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock valued at $119,000 after purchasing an additional 10,864 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of US Geothermal by 69.4% in the second quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock valued at $161,000 after purchasing an additional 14,411 shares during the last quarter. Finally, Private Management Group Inc. raised its holdings in shares of US Geothermal by 10.8% in the second quarter. Private Management Group Inc. now owns 1,812,458 shares of the energy company’s stock valued at $8,319,000 after purchasing an additional 177,176 shares during the last quarter.

A number of analysts have recently issued reports on HTM shares. Roth Capital set a $5.00 price objective on shares of US Geothermal and gave the company a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of US Geothermal from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine upgraded shares of US Geothermal from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Northland Securities set a $6.00 price objective on shares of US Geothermal and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Cowen and Company set a $6.00 price objective on shares of US Geothermal and gave the company a “buy” rating in a report on Friday, August 18th. 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 company. US Geothermal presently has an average rating of “Hold” and a consensus price target of $5.67.

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US Geothermal Inc (HTM) traded down $0.05 during trading hours on Thursday, hitting $3.68. 22,800 shares of the company’s stock traded hands, compared to its average volume of 39,240. US Geothermal Inc has a 12-month low of $3.59 and a 12-month high of $4.94.

US Geothermal Profile

U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.

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Institutional Ownership by Quarter for US Geothermal (NYSEAMERICAN:HTM)

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