32,512 Shares in 8point3 Energy Partners LP (NASDAQ:CAFD) Acquired by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC acquired a new stake in shares of 8point3 Energy Partners LP (NASDAQ:CAFD) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 32,512 shares of the energy company’s stock, valued at approximately $441,000. Parametric Portfolio Associates LLC owned approximately 0.12% of 8point3 Energy Partners at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its position in 8point3 Energy Partners by 3.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,176 shares of the energy company’s stock valued at $111,000 after buying an additional 269 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of 8point3 Energy Partners during the fourth quarter worth about $287,000. Renaissance Technologies LLC raised its position in shares of 8point3 Energy Partners by 131.5% in the fourth quarter. Renaissance Technologies LLC now owns 161,916 shares of the energy company’s stock worth $2,102,000 after buying an additional 91,971 shares during the period. Trillium Asset Management LLC raised its position in shares of 8point3 Energy Partners by 3.5% in the first quarter. Trillium Asset Management LLC now owns 352,947 shares of the energy company’s stock worth $4,789,000 after buying an additional 12,043 shares during the period. Finally, Icon Advisers Inc. Co. raised its position in shares of 8point3 Energy Partners by 54.7% in the first quarter. Icon Advisers Inc. Co. now owns 687,564 shares of the energy company’s stock worth $9,330,000 after buying an additional 243,200 shares during the period. 54.67% of the stock is owned by hedge funds and other institutional investors.

8point3 Energy Partners LP (CAFD) opened at 14.35 on Friday. 8point3 Energy Partners LP has a 52-week low of $11.51 and a 52-week high of $15.99.

8point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings data on Thursday, June 29th. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.03. The firm had revenue of $16.68 million for the quarter, compared to analyst estimates of $15.52 million. 8point3 Energy Partners had a return on equity of 1.94% and a net margin of 23.87%. On average, analysts expect that 8point3 Energy Partners LP will post $0.85 EPS for the current year.

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A number of equities analysts recently issued reports on the company. Guggenheim lowered 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Wednesday, June 14th. Roth Capital set a $15.00 price objective on 8point3 Energy Partners and gave the stock a “hold” rating in a report on Saturday, July 1st. FBR & Co reissued a “hold” rating on shares of 8point3 Energy Partners in a report on Saturday, July 1st. Janney Montgomery Scott cut their target price on 8point3 Energy Partners from $20.00 to $13.50 and set a “hold” rating for the company in a research report on Tuesday, July 4th. Finally, TheStreet upgraded 8point3 Energy Partners from a “d” rating to a “b-” rating in a research report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.20.

About 8point3 Energy Partners

8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt (MW) of solar energy projects. The Company is developing projects under utility, commercial and industrial (C&I) and residential categories.

Institutional Ownership by Quarter for 8point3 Energy Partners (NASDAQ:CAFD)

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