XTX Topco Ltd Has $220,000 Holdings in Ballard Power Systems, Inc. (NASDAQ:BLDP)

Key Points

• XTX Topco Ltd reduced its stake in Ballard Power Systems by 61.9%, selling 324,128 shares and now holding 199,813 shares valued at $220,000 as of its latest SEC filing.
• Several other investors, including Banque Cantonale Vaudoise and Mirae Asset Global Investments, made notable adjustments to their holdings in Ballard Power Systems during the first quarter.
• Ballard Power Systems reported an earnings per share of ($0.08), exceeding analysts' expectations and had quarterly revenues of $17.98 million, slightly above the anticipated figures.

XTX Topco Ltd trimmed its position in shares of Ballard Power Systems, Inc. (NASDAQ:BLDP - Free Report) TSE: BLD by 61.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,813 shares of the technology company's stock after selling 324,128 shares during the period. XTX Topco Ltd owned about 0.07% of Ballard Power Systems worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BLDP. Raymond James Financial Inc. purchased a new position in Ballard Power Systems in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. increased its stake in Ballard Power Systems by 44.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 49,511 shares of the technology company's stock valued at $82,000 after purchasing an additional 15,160 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Ballard Power Systems in the fourth quarter valued at approximately $101,000. Toronto Dominion Bank increased its stake in Ballard Power Systems by 181.5% in the fourth quarter. Toronto Dominion Bank now owns 78,628 shares of the technology company's stock valued at $131,000 after purchasing an additional 50,695 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Ballard Power Systems by 8.5% in the first quarter. Mackenzie Financial Corp now owns 122,914 shares of the technology company's stock valued at $136,000 after purchasing an additional 9,626 shares during the last quarter. 28.02% of the stock is currently owned by hedge funds and other institutional investors.

Ballard Power Systems Trading Down 2.1%

Shares of NASDAQ BLDP traded down $0.04 during midday trading on Thursday, hitting $1.83. The stock had a trading volume of 2,762,702 shares, compared to its average volume of 5,848,879. The company's 50-day simple moving average is $1.76 and its 200 day simple moving average is $1.45. The firm has a market cap of $548.76 million, a P/E ratio of -1.85 and a beta of 1.76. Ballard Power Systems, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.31 and a quick ratio of 8.13.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its earnings results on Monday, August 11th. The technology company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company had revenue of $17.98 million during the quarter, compared to analysts' expectations of $17.94 million. Ballard Power Systems had a negative return on equity of 21.52% and a negative net margin of 409.35%. Research analysts anticipate that Ballard Power Systems, Inc. will post -0.54 EPS for the current year.

Analyst Upgrades and Downgrades

BLDP has been the subject of several recent research reports. BMO Capital Markets increased their price target on Ballard Power Systems from $1.00 to $1.10 and gave the stock an "underperform" rating in a report on Tuesday. Susquehanna lifted their price target on Ballard Power Systems from $1.30 to $2.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Citigroup reiterated a "sell" rating and set a $1.00 target price (down previously from $1.50) on shares of Ballard Power Systems in a report on Thursday, April 17th. Roth Capital reaffirmed a "neutral" rating and issued a $1.80 target price (up from $1.25) on shares of Ballard Power Systems in a research report on Monday. Finally, Wall Street Zen upgraded Ballard Power Systems to a "sell" rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company's stock. Based on data from MarketBeat, Ballard Power Systems currently has an average rating of "Hold" and a consensus target price of $1.51.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.