Picton Mahoney Asset Management Purchases 38,831 Shares of Avista Corporation (NYSE:AVA)

Picton Mahoney Asset Management lifted its position in shares of Avista Corporation (NYSE:AVA - Free Report) by 129,436.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,861 shares of the utilities provider's stock after buying an additional 38,831 shares during the period. Picton Mahoney Asset Management's holdings in Avista were worth $1,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AVA. Xponance Inc. boosted its position in Avista by 5.5% during the first quarter. Xponance Inc. now owns 5,934 shares of the utilities provider's stock valued at $248,000 after purchasing an additional 307 shares during the last quarter. Barclays PLC boosted its position in Avista by 0.3% during the fourth quarter. Barclays PLC now owns 137,767 shares of the utilities provider's stock valued at $5,046,000 after purchasing an additional 359 shares during the last quarter. Trust Co. of Vermont boosted its position in Avista by 7.9% during the first quarter. Trust Co. of Vermont now owns 5,494 shares of the utilities provider's stock valued at $230,000 after purchasing an additional 400 shares during the last quarter. Cetera Investment Advisers boosted its position in Avista by 1.5% during the fourth quarter. Cetera Investment Advisers now owns 28,722 shares of the utilities provider's stock valued at $1,052,000 after purchasing an additional 415 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its position in Avista by 1.9% during the first quarter. Naples Global Advisors LLC now owns 24,148 shares of the utilities provider's stock valued at $1,011,000 after purchasing an additional 450 shares during the last quarter. 85.24% of the stock is owned by institutional investors and hedge funds.

Avista Stock Performance

NYSE:AVA traded up $0.19 on Friday, hitting $37.49. The company's stock had a trading volume of 533,613 shares, compared to its average volume of 644,697. The company has a current ratio of 0.93, a quick ratio of 0.64 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average of $37.77 and a two-hundred day moving average of $38.69. The firm has a market capitalization of $3.02 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. Avista Corporation has a one year low of $34.80 and a one year high of $43.09.

Avista (NYSE:AVA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.07). The business had revenue of $603.00 million during the quarter, compared to the consensus estimate of $636.30 million. Avista had a net margin of 9.63% and a return on equity of 7.28%. Avista's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Research analysts predict that Avista Corporation will post 2.3 earnings per share for the current year.

Insider Transactions at Avista

In other Avista news, VP Scott J. Kinney sold 1,024 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $37.82, for a total value of $38,727.68. Following the sale, the vice president owned 11,515 shares in the company, valued at $435,497.30. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Avista Profile

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.