Water Island Capital LLC reduced its position in shares of Altaba Inc (NASDAQ:AABA) by 28.9% in the third quarter, HoldingsChannel reports. The firm owned 368,619 shares of the company’s stock after selling 150,000 shares during the period. Altaba comprises about 1.4% of Water Island Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Water Island Capital LLC’s holdings in Altaba were worth $25,110,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AABA. LMR Partners LLP boosted its stake in shares of Altaba by 387.3% during the 2nd quarter. LMR Partners LLP now owns 7,729,900 shares of the company’s stock worth $565,906,000 after acquiring an additional 6,143,500 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Altaba during the 2nd quarter worth $209,414,000. FIL Ltd boosted its stake in shares of Altaba by 85.0% during the 3rd quarter. FIL Ltd now owns 2,036,808 shares of the company’s stock worth $138,747,000 after acquiring an additional 935,768 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in shares of Altaba by 565.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 753,454 shares of the company’s stock worth $55,161,000 after acquiring an additional 640,303 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of Altaba by 651.0% during the 2nd quarter. TD Asset Management Inc. now owns 610,600 shares of the company’s stock worth $44,702,000 after acquiring an additional 529,300 shares in the last quarter.
Shares of NASDAQ:AABA opened at $63.89 on Monday. Altaba Inc has a 1 year low of $55.76 and a 1 year high of $82.45.
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Altaba Company Profile
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.
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