JPMorgan Chase & Co. lessened its holdings in TerraForm Global Inc (NASDAQ:GLBL) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,214 shares of the energy company’s stock after selling 40,865 shares during the quarter. JPMorgan Chase & Co.’s holdings in TerraForm Global were worth $1,578,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its position in shares of TerraForm Global by 87.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 27,240 shares of the energy company’s stock worth $129,000 after purchasing an additional 12,670 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of TerraForm Global in the second quarter worth $151,000. Voya Investment Management LLC lifted its position in shares of TerraForm Global by 13.5% in the second quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock worth $242,000 after purchasing an additional 5,705 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of TerraForm Global in the second quarter worth $253,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of TerraForm Global in the second quarter worth $261,000. 49.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of TerraForm Global Inc (GLBL) opened at $5.07 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.71. The company has a market cap of $880.23 and a price-to-earnings ratio of -8.59. TerraForm Global Inc has a 1 year low of $3.90 and a 1 year high of $5.10.

GLBL has been the topic of a number of research reports. BidaskClub raised shares of TerraForm Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Tuesday, November 14th. Finally, ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.25.

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TerraForm Global 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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