GMT Capital Corp Invests $506,000 in Yingli Green Energy Holding Co Ltd (YGE) Stock
GMT Capital Corp bought a new position in shares of Yingli Green Energy Holding Co Ltd (NYSE:YGE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 222,726 shares of the solar energy provider’s stock, valued at approximately $506,000. GMT Capital Corp owned approximately 1.23% of Yingli Green Energy at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. California Public Employees Retirement System raised its stake in Yingli Green Energy by 34.4% during the first quarter. California Public Employees Retirement System now owns 208,349 shares of the solar energy provider’s stock worth $519,000 after acquiring an additional 53,330 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in Yingli Green Energy by 8.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 157,500 shares of the solar energy provider’s stock worth $358,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in Yingli Green Energy by 5.2% during the second quarter. Profund Advisors LLC now owns 52,326 shares of the solar energy provider’s stock worth $119,000 after acquiring an additional 2,565 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Axiom Securities reissued a “sell” rating on shares of Yingli Green Energy in a research note on Thursday, August 10th. Zacks Investment Research raised Yingli Green Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.
Shares of Yingli Green Energy Holding Co Ltd (NYSE YGE) traded up $0.04 during midday trading on Friday, reaching $2.18. The company’s stock had a trading volume of 30,477 shares, compared to its average volume of 93,791. The company has a debt-to-equity ratio of -0.33, a current ratio of 0.46 and a quick ratio of 0.39. Yingli Green Energy Holding Co Ltd has a 12-month low of $1.79 and a 12-month high of $3.51.
Yingli Green Energy (NYSE:YGE) last released its quarterly earnings results on Tuesday, September 19th. The solar energy provider reported ($2.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.05) by ($0.35). The firm had revenue of $468.00 million during the quarter, compared to the consensus estimate of $415.00 million. During the same quarter in the prior year, the business posted $0.09 EPS. sell-side analysts predict that Yingli Green Energy Holding Co Ltd will post -8.91 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/gmt-capital-corp-invests-506000-in-yingli-green-energy-holding-co-ltd-yge-stock/1727725.html.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs.
Receive News & Ratings for Yingli Green Energy Holding Co Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yingli Green Energy Holding Co Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.