California State Teachers Retirement System lowered its position in shares of TerraForm Global Inc (NASDAQ:GLBL) by 12.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,129 shares of the energy company’s stock after selling 21,900 shares during the quarter. California State Teachers Retirement System owned 0.14% of TerraForm Global worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of GLBL. BlueCrest Capital Management Ltd purchased a new stake in shares of TerraForm Global during the 2nd quarter worth approximately $151,000. UBS Asset Management Americas Inc. increased its stake in shares of TerraForm Global by 101.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 41,600 shares of the energy company’s stock worth $200,000 after purchasing an additional 21,000 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of TerraForm Global by 13.5% during the 2nd quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock worth $242,000 after purchasing an additional 5,705 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of TerraForm Global during the 2nd quarter worth approximately $253,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of TerraForm Global during the 2nd quarter worth approximately $261,000. 49.47% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on GLBL shares. BidaskClub lowered shares of TerraForm Global from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research note on Monday, September 11th. Finally, ValuEngine lowered shares of TerraForm Global from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. TerraForm Global has a consensus rating of “Hold” and a consensus target price of $5.13.

TerraForm Global Inc (NASDAQ GLBL) opened at $4.75 on Thursday. TerraForm Global Inc has a one year low of $3.40 and a one year high of $5.10. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.71.

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TerraForm Global Company Profile

TerraForm Global, Inc is a holding company. The Company is a diversified renewable energy company that owns contracted solar and wind power plants. The Company operates through two segments: Solar Energy and Wind Energy. The segments include the Company’s entire portfolio of power plants. The Company’s portfolio consisted of solar and wind power plants located in Brazil, China, India, Malaysia, South Africa, Thailand and Uruguay with an aggregate net capacity of 916.4 megawatts (MW) as of October 31, 2016.

Institutional Ownership by Quarter for TerraForm Global (NASDAQ:GLBL)

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