Water Island Capital LLC boosted its stake in Altaba Inc (NASDAQ:AABA) by 35.7% in the first quarter, HoldingsChannel.com reports. The firm owned 245,697 shares of the company’s stock after buying an additional 64,646 shares during the period. Water Island Capital LLC’s holdings in Altaba were worth $18,211,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AABA. First Command Bank acquired a new stake in Altaba in the fourth quarter worth $25,000. First Command Financial Services Inc. acquired a new stake in Altaba in the fourth quarter worth $25,000. FTB Advisors Inc. acquired a new stake in Altaba in the first quarter worth $26,000. Cullen Frost Bankers Inc. acquired a new stake in Altaba in the first quarter worth $26,000. Finally, Larson Financial Group LLC grew its holdings in Altaba by 76.3% in the first quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 71.41% of the company’s stock.
A number of equities research analysts have commented on AABA shares. BidaskClub cut shares of Altaba from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. JPMorgan Chase & Co. cut shares of Altaba from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $84.00 to $78.00 in a report on Thursday, April 4th. ValuEngine upgraded shares of Altaba from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut shares of Altaba from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Altaba presently has a consensus rating of “Hold” and a consensus price target of $91.67.
ILLEGAL ACTIVITY WARNING: “Water Island Capital LLC Boosts Holdings in Altaba Inc (AABA)” was originally reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.wkrb13.com/2019/05/15/water-island-capital-llc-boosts-holdings-in-altaba-inc-aaba.html.
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.
Further Reading: Trading Strategy Methods and Types
Want to see what other hedge funds are holding AABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altaba Inc (NASDAQ:AABA).
Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.