Avista Corp (AVA) Shares Sold by LSV Asset Management
LSV Asset Management trimmed its position in Avista Corp (NYSE:AVA) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 523,668 shares of the utilities provider’s stock after selling 7,300 shares during the quarter. LSV Asset Management’s holdings in Avista were worth $26,963,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Avista by 1.0% in the second quarter. Vanguard Group Inc. now owns 6,314,947 shares of the utilities provider’s stock worth $268,133,000 after purchasing an additional 60,649 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Avista in the third quarter worth about $142,309,000. State Street Corp raised its stake in shares of Avista by 3.7% in the second quarter. State Street Corp now owns 1,813,385 shares of the utilities provider’s stock worth $76,993,000 after purchasing an additional 65,314 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Avista by 136.9% in the third quarter. JPMorgan Chase & Co. now owns 1,605,798 shares of the utilities provider’s stock worth $82,891,000 after purchasing an additional 928,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Avista by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,340,414 shares of the utilities provider’s stock worth $56,914,000 after purchasing an additional 43,280 shares during the last quarter. Hedge funds and other institutional investors own 77.99% of the company’s stock.
Avista Corp (AVA) opened at $50.26 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $3,257.48, a P/E ratio of 24.55 and a beta of 0.32. Avista Corp has a 12-month low of $38.35 and a 12-month high of $52.83.
Several research analysts have recently issued reports on AVA shares. ValuEngine cut Avista from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. KeyCorp restated a “hold” rating on shares of Avista in a research note on Friday, October 20th. Finally, Zacks Investment Research upgraded Avista from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Avista currently has an average rating of “Hold” and a consensus price target of $47.75.
In related news, insider Jason R. Thackston sold 1,500 shares of Avista stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $51.58, for a total transaction of $77,370.00. Following the completion of the transaction, the insider now directly owns 22,974 shares in the company, valued at $1,184,998.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R John Taylor sold 932 shares of Avista stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $51.94, for a total value of $48,408.08. Following the transaction, the director now owns 655 shares of the company’s stock, valued at $34,020.70. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.
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