Fondren Management LP Buys 128,798 Shares of US Geothermal Inc (HTM)
Fondren Management LP lifted its stake in shares of US Geothermal Inc (NYSEAMERICAN:HTM) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,831,875 shares of the energy company’s stock after buying an additional 128,798 shares during the quarter. US Geothermal makes up approximately 4.4% of Fondren Management LP’s investment portfolio, making the stock its 6th biggest holding. Fondren Management LP owned 0.09% of US Geothermal worth $6,320,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Private Management Group Inc. increased its position in shares of US Geothermal by 0.5% during the fourth quarter. Private Management Group Inc. now owns 1,818,042 shares of the energy company’s stock worth $6,272,000 after acquiring an additional 9,872 shares during the period. Kennedy Capital Management Inc. increased its holdings in US Geothermal by 53.9% during the fourth quarter. Kennedy Capital Management Inc. now owns 115,534 shares of the energy company’s stock valued at $399,000 after buying an additional 40,475 shares during the period. B. Riley Financial Inc. purchased a new position in US Geothermal during the fourth quarter valued at approximately $345,000. Dimensional Fund Advisors LP increased its holdings in US Geothermal by 175.1% during the third quarter. Dimensional Fund Advisors LP now owns 71,160 shares of the energy company’s stock valued at $284,000 after buying an additional 45,289 shares during the period. Finally, Northern Trust Corp increased its holdings in US Geothermal by 1.2% during the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after buying an additional 392 shares during the period.
Several equities analysts recently issued reports on HTM shares. Roth Capital set a $5.00 price objective on shares of US Geothermal and gave the company a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research lowered shares of US Geothermal from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. TheStreet lowered shares of US Geothermal from a “c-” rating to a “d” rating in a report on Wednesday, December 13th. Finally, Cowen lowered shares of US Geothermal from an “outperform” rating to a “hold” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.67.
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US Geothermal Company Profile
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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