Barclays PLC Sells 382,550 Shares of Ballard Power Systems Inc. (NASDAQ:BLDP)

Barclays PLC lessened its stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,097,850 shares of the technology company’s stock after selling 382,550 shares during the period. Barclays PLC owned approximately 0.37% of Ballard Power Systems worth $1,976,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of Ballard Power Systems by 137.6% in the 3rd quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company’s stock worth $2,008,000 after acquiring an additional 646,219 shares during the last quarter. XTX Topco Ltd raised its position in Ballard Power Systems by 29.0% in the 3rd quarter. XTX Topco Ltd now owns 88,212 shares of the technology company’s stock worth $159,000 after purchasing an additional 19,856 shares during the period. Van ECK Associates Corp boosted its position in shares of Ballard Power Systems by 8.8% during the second quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock valued at $5,224,000 after buying an additional 186,833 shares during the period. Decade Renewable Partners LP purchased a new position in shares of Ballard Power Systems during the second quarter valued at approximately $450,000. Finally, TD Asset Management Inc raised its holdings in shares of Ballard Power Systems by 1.2% in the second quarter. TD Asset Management Inc now owns 707,953 shares of the technology company’s stock worth $1,599,000 after buying an additional 8,154 shares during the period. 28.02% of the stock is currently owned by institutional investors.

Ballard Power Systems Stock Performance

Shares of Ballard Power Systems stock opened at $1.70 on Friday. The company has a market capitalization of $509.02 million, a PE ratio of -1.55 and a beta of 1.72. The company has a 50-day simple moving average of $1.52 and a two-hundred day simple moving average of $1.87. Ballard Power Systems Inc. has a one year low of $1.23 and a one year high of $3.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BLDP shares. Citigroup cut their price objective on Ballard Power Systems from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, September 30th. StockNews.com upgraded shares of Ballard Power Systems to a “sell” rating in a report on Friday, November 1st. Susquehanna decreased their price objective on shares of Ballard Power Systems from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Cormark restated a “market perform” rating on shares of Ballard Power Systems in a research note on Monday, September 16th. Finally, CIBC decreased their price target on shares of Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Ballard Power Systems currently has an average rating of “Hold” and a consensus price target of $2.77.

Ballard Power Systems Profile

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.