GMT Capital Corp Invests $191,000 in Capstone Turbine Co. (CPST) Stock
GMT Capital Corp bought a new position in shares of Capstone Turbine Co. (NASDAQ:CPST) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned 0.59% of Capstone Turbine as of its most recent SEC filing.
Separately, Wedbush Securities Inc. lifted its holdings in Capstone Turbine by 15.8% during the second quarter. Wedbush Securities Inc. now owns 205,714 shares of the industrial products company’s stock worth $140,000 after buying an additional 28,050 shares during the period. 9.49% of the stock is owned by institutional investors.
CPST has been the subject of several analyst reports. Roth Capital upgraded Capstone Turbine from a “neutral” rating to a “buy” rating and increased their price objective for the company from $0.65 to $2.00 in a report on Monday, September 18th. HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the company a “buy” rating in a report on Thursday, August 10th. CIBC upgraded Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Oppenheimer Holdings, Inc. upgraded Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Capstone Turbine presently has a consensus rating of “Buy” and a consensus price target of $1.58.
Capstone Turbine Co. (NASDAQ:CPST) opened at $0.86 on Friday. Capstone Turbine Co. has a 52 week low of $0.58 and a 52 week high of $1.35.
Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The firm had revenue of $19.80 million during the quarter, compared to analysts’ expectations of $20.23 million. Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The business’s revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) EPS. research analysts predict that Capstone Turbine Co. will post -0.25 EPS for the current fiscal year.
About Capstone Turbine
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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