Investment House LLC cut its stake in Altaba Inc (NASDAQ:AABA) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,225 shares of the company’s stock after selling 300 shares during the quarter. Investment House LLC’s holdings in Altaba were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in Altaba by 3.8% during the first quarter. Commonwealth Equity Services LLC now owns 45,521 shares of the company’s stock worth $3,374,000 after buying an additional 1,657 shares during the last quarter. Wells Fargo & Company MN increased its position in Altaba by 41.9% during the first quarter. Wells Fargo & Company MN now owns 2,175,387 shares of the company’s stock worth $161,240,000 after buying an additional 642,417 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Altaba by 60.9% during the first quarter. Rehmann Capital Advisory Group now owns 925 shares of the company’s stock worth $69,000 after buying an additional 350 shares during the last quarter. Osborn Williams & Donohoe LLC acquired a new position in Altaba during the first quarter worth $1,073,000. Finally, Water Island Capital LLC grew its position in shares of Altaba by 35.7% in the first quarter. Water Island Capital LLC now owns 245,697 shares of the company’s stock valued at $18,211,000 after purchasing an additional 64,646 shares during the last quarter. 79.75% of the stock is currently owned by institutional investors and hedge funds.

AABA has been the topic of several research analyst reports. Zacks Investment Research raised Altaba from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 4th. ValuEngine downgraded Altaba from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, BidaskClub downgraded Altaba from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st.

Shares of NASDAQ:AABA traded up $0.04 during midday trading on Wednesday, hitting $69.61. The company’s stock had a trading volume of 86,262 shares, compared to its average volume of 3,625,784. The stock’s 50 day simple moving average is $70.21 and its 200 day simple moving average is $70.51. Altaba Inc has a fifty-two week low of $54.75 and a fifty-two week high of $79.18.

About Altaba

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

Further Reading: Call Option Volume

Want to see what other hedge funds are holding AABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altaba Inc (NASDAQ:AABA).

Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.