Atria Investments LLC bought a new stake in shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 11,614 shares of the energy company’s stock, valued at approximately $141,000.

A number of other large investors have also made changes to their positions in the stock. Mizuho Securities USA LLC bought a new stake in 8Point3 Energy Partners during the 1st quarter valued at approximately $699,000. Summit Securities Group LLC bought a new stake in 8Point3 Energy Partners during the 1st quarter valued at approximately $136,000. Verition Fund Management LLC bought a new stake in 8Point3 Energy Partners during the 4th quarter valued at approximately $517,000. Cushing Asset Management LP boosted its stake in 8Point3 Energy Partners by 415.9% during the 4th quarter. Cushing Asset Management LP now owns 263,500 shares of the energy company’s stock valued at $4,008,000 after purchasing an additional 212,422 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in 8Point3 Energy Partners by 509.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 142,263 shares of the energy company’s stock valued at $2,163,000 after purchasing an additional 118,906 shares during the period. Hedge funds and other institutional investors own 14.85% of the company’s stock.

8Point3 Energy Partners stock opened at $12.11 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.20 and a current ratio of 5.20. 8Point3 Energy Partners LP has a 12 month low of $12.14 and a 12 month high of $12.16.

8Point3 Energy Partners (NASDAQ:CAFD) last posted its quarterly earnings results on Wednesday, March 28th. The energy company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.08 by $0.27. 8Point3 Energy Partners had a return on equity of 1.96% and a net margin of 28.84%. The firm had revenue of $10.87 million during the quarter, compared to analysts’ expectations of $11.17 million. sell-side analysts predict that 8Point3 Energy Partners LP will post 0.58 EPS for the current fiscal year.

CAFD has been the subject of several recent analyst reports. Robert W. Baird downgraded 8Point3 Energy Partners from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Monday, January 22nd. Zacks Investment Research cut 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Roth Capital reaffirmed a “hold” rating and issued a $12.00 price target on shares of 8Point3 Energy Partners in a report on Tuesday, February 6th. Oppenheimer reaffirmed a “hold” rating on shares of 8Point3 Energy Partners in a report on Monday, February 5th. Finally, Raymond James reaffirmed a “market perform” rating on shares of 8Point3 Energy Partners in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. 8Point3 Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $13.27.

8Point3 Energy Partners Company Profile

8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. It owns interests in 10 utility-scale solar energy projects; and 4 commercial and industrial solar energy projects, as well as a portfolio of residential DG solar assets.

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Institutional Ownership by Quarter for 8Point3 Energy Partners (NASDAQ:CAFD)

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