O Shaughnessy Asset Management LLC lessened its position in Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) by 19.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 327,480 shares of the technology company’s stock after selling 77,304 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Ballard Power Systems were worth $1,390,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Global X Management Co LLC acquired a new stake in shares of Ballard Power Systems in the 2nd quarter worth $231,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Ballard Power Systems by 49.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 92,640 shares of the technology company’s stock valued at $264,000 after purchasing an additional 30,694 shares during the period. Alps Advisors Inc. lifted its stake in shares of Ballard Power Systems by 377.6% in the third quarter. Alps Advisors Inc. now owns 72,775 shares of the technology company’s stock valued at $313,000 after purchasing an additional 57,537 shares during the period. Royal Bank of Canada lifted its stake in shares of Ballard Power Systems by 38.8% in the first quarter. Royal Bank of Canada now owns 140,805 shares of the technology company’s stock valued at $500,000 after purchasing an additional 39,370 shares during the period. Finally, Herald Investment Management Ltd lifted its stake in shares of Ballard Power Systems by 102.5% in the second quarter. Herald Investment Management Ltd now owns 640,000 shares of the technology company’s stock valued at $1,817,000 after purchasing an additional 324,000 shares during the period. Institutional investors own 3.77% of the company’s stock.

Shares of NASDAQ BLDP opened at $2.97 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.52 and a debt-to-equity ratio of 0.05. Ballard Power Systems Inc has a 52 week low of $2.57 and a 52 week high of $5.34. The stock has a market capitalization of $507.48 million, a P/E ratio of -99.00 and a beta of 1.89.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Wednesday, October 31st. The technology company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Ballard Power Systems had a negative net margin of 17.29% and a negative return on equity of 14.64%. The company had revenue of $21.57 million during the quarter, compared to analyst estimates of $31.27 million. As a group, research analysts anticipate that Ballard Power Systems Inc will post -0.11 EPS for the current fiscal year.

Several analysts recently commented on the stock. BidaskClub cut shares of Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. HC Wainwright set a $5.00 price objective on shares of Ballard Power Systems and gave the company a “buy” rating in a research note on Friday, November 2nd. B. Riley set a $5.00 price objective on shares of Ballard Power Systems and gave the company a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Wednesday, August 8th. Finally, TheStreet cut shares of Ballard Power Systems from a “c-” rating to a “d+” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.70.

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Ballard Power Systems Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.

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Institutional Ownership by Quarter for Ballard Power Systems (NASDAQ:BLDP)

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