California State Teachers Retirement System trimmed its position in TerraForm Global Inc (NASDAQ:GLBL) by 10.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 141,985 shares of the energy company’s stock after selling 16,144 shares during the quarter. California State Teachers Retirement System’s holdings in TerraForm Global were worth $674,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in TerraForm Global by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 76,166 shares of the energy company’s stock valued at $384,000 after purchasing an additional 219 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in TerraForm Global by 0.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,197 shares of the energy company’s stock valued at $1,163,000 after purchasing an additional 969 shares during the period. Wells Fargo & Company MN boosted its holdings in TerraForm Global by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 67,542 shares of the energy company’s stock valued at $341,000 after purchasing an additional 1,041 shares during the period. Voya Investment Management LLC boosted its holdings in TerraForm Global by 13.5% in the 2nd quarter. Voya Investment Management LLC now owns 47,874 shares of the energy company’s stock valued at $242,000 after purchasing an additional 5,705 shares during the period. Finally, Northern Trust Corp boosted its holdings in TerraForm Global by 0.9% in the 2nd quarter. Northern Trust Corp now owns 887,360 shares of the energy company’s stock valued at $4,482,000 after purchasing an additional 8,279 shares during the period. 49.34% of the stock is owned by hedge funds and other institutional investors.

Shares of TerraForm Global Inc (NASDAQ GLBL) opened at $5.07 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.71. The firm has a market cap of $880.23 and a price-to-earnings ratio of -8.59. TerraForm Global Inc has a 52-week low of $3.90 and a 52-week high of $5.10.

TerraForm Global (NASDAQ:GLBL) last posted its quarterly earnings data on Wednesday, November 8th. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.10). The company had revenue of $67.43 million for the quarter, compared to analysts’ expectations of $63.83 million. TerraForm Global had a negative net margin of 54.45% and a negative return on equity of 13.98%. sell-side analysts expect that TerraForm Global Inc will post -0.6 earnings per share for the current year.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of TerraForm Global from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Tuesday, November 14th. BidaskClub upgraded shares of TerraForm Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th.

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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.

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

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