Granite Investment Partners LLC lowered its stake in shares of US Geothermal Inc (AMEX:HTM) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 334,554 shares of the energy company’s stock after selling 16,203 shares during the period. Granite Investment Partners LLC’s holdings in US Geothermal were worth $1,536,000 at the end of the most recent reporting period.

Separately, Private Management Group Inc. boosted its stake in shares of US Geothermal by 2.7% in the first quarter. Private Management Group Inc. now owns 1,635,282 shares of the energy company’s stock valued at $6,688,000 after buying an additional 43,435 shares in the last quarter.

Shares of US Geothermal Inc (AMEX:HTM) opened at 4.29 on Friday. The company has a 50-day moving average of $4.40 and a 200-day moving average of $4.22. US Geothermal Inc has a 52-week low of $0.62 and a 52-week high of $4.94. The stock has a market capitalization of $81.68 million, a price-to-earnings ratio of 214.50 and a beta of 0.51.

US Geothermal (AMEX:HTM) last released its quarterly earnings results on Thursday, August 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $6.31 million for the quarter, compared to the consensus estimate of $6.16 million. US Geothermal had a net margin of 13.32% and a return on equity of 0.99%. Equities research analysts anticipate that US Geothermal Inc will post $0.04 EPS for the current year.

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A number of analysts recently weighed in on HTM shares. Roth Capital set a $5.00 price objective on shares of US Geothermal and gave the stock a “buy” rating in a research report on Saturday, May 13th. ValuEngine lowered shares of US Geothermal from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Cowen and Company set a $6.00 price objective on shares of US Geothermal and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised shares of US Geothermal from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One 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’s stock. The company has an average rating of “Buy” and an average target price of $5.19.

About US Geothermal

U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.

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Institutional Ownership by Quarter for US Geothermal (AMEX:HTM)

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