November 23, 2016 - By Louis Casey · 0 Comments
The stock of Atlantic Power Corporation (NYSE:AT) registered an increase of 13.37% in short interest. AT’s total short interest was 1.76 million shares in November as published by FINRA. Its up 13.37% from 1.55 million shares, reported previously. With 217,500 shares average volume, it will take short sellers 8 days to cover their AT’s short positions. The short interest to Atlantic Power Corporation’s float is 1.7%. The stock decreased 1.82% or $0.05 during the last trading session, hitting $2.7. Atlantic Power Corp (NYSE:AT) has risen 6.72% since April 21, 2016 and is uptrending. It has outperformed by 1.39% the S&P500.
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company has a market cap of $330.62 million. The Company’s power generation projects sell electricity to utilities and other commercial clients primarily under long-term power purchase agreements (PPAs). It currently has negative earnings. Atlantic Power operates through four divisions: East U.S., West U.S., Canada and Un-Allocated Corporate.
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.19, from 0.85 in 2016Q1. The ratio increased, as 10 funds sold all Atlantic Power Corp shares owned while 38 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 52.40 million shares or 0.44% more from 52.17 million shares in 2016Q1.
Malaga Cove Limited Co has 0.02% invested in the company for 11,000 shares. Schwab Charles Management has 0% invested in the company for 634,949 shares. Rmb Capital Mngmt Ltd Company reported 500,000 shares or 0.06% of all its holdings. Teachers Advsrs Inc reported 195,147 shares or 0% of all its holdings. Moreover, Manufacturers Life Ins Co The has 0% invested in Atlantic Power Corp (NYSE:AT) for 90,732 shares. Nelson Van Denburg Campbell Wealth Management Grp Ltd Liability Corporation holds 3,000 shares or 0% of its portfolio. 12 West Cap Mgmt Limited Partnership has 2.93% invested in the company for 7.32M shares. Highland Cap Mngmt Lp accumulated 161,280 shares or 0.02% of the stock. Investors Advisory reported 16,675 shares or 0.01% of all its holdings. Deutsche Commercial Bank Ag accumulated 236,848 shares or 0% of the stock. Ladenburg Thalmann Svcs Incorporated accumulated 11,590 shares or 0% of the stock. Millennium Mngmt Ltd holds 0% of its portfolio in Atlantic Power Corp (NYSE:AT) for 97,822 shares. Moreover, Blackrock Invest Mgmt has 0% invested in Atlantic Power Corp (NYSE:AT) for 543,454 shares. Tiaa Cref Invest Mngmt Lc holds 0% of its portfolio in Atlantic Power Corp (NYSE:AT) for 391,362 shares. Spot Trading Lc has invested 0% of its portfolio in Atlantic Power Corp (NYSE:AT).
Out of 6 analysts covering AT&T (NYSE:AT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $38 is the highest target while $2.25 is the lowest. The $28.06 average target is 939.26% above today’s ($2.7) stock price. AT&T has been the topic of 7 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, September 2 by Citigroup. On Thursday, December 24 the stock rating was upgraded by National Bank Canada to “Sector Perform”. The rating was maintained by Canaccord Genuity on Monday, July 27 with “Hold”. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, March 9. FBR Capital maintained Atlantic Power Corp (NYSE:AT) on Friday, July 24 with “Mkt Perform” rating. The rating was reinitiated by Goldman Sachs on Monday, July 27 with “Neutral”.
More notable recent Atlantic Power Corp (NYSE:AT) news were published by: Reuters.com which released: “BRIEF-Atlantic Power Corp reports qtrly loss per share of $0.69” on November 07, 2016, also Prnewswire.com with their article: “Atlantic Power Corporation Announces Substantial Issuer Bid” published on June 17, 2016, Prnewswire.com published: “Atlantic Power Corporation Announces Changes to Capital Allocation Strategy” on February 10, 2016. More interesting news about Atlantic Power Corp (NYSE:AT) were released by: Fool.com and their article: “Why Shares of Atlantic Power Corporation Popped 38% in March” published on April 07, 2016 as well as Prnewswire.com‘s news article titled: “Atlantic Power Corporation Announces Launch of Syndication of New Senior …” with publication date: March 21, 2016.
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By Louis Casey