Ausdal Financial Partners Inc. increased its stake in Avista Corp. (NYSE:AVA) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 8,960 shares of the company’s stock after buying an additional 202 shares during the period. Ausdal Financial Partners Inc.’s holdings in Avista Corp. were worth $401,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Avista Corp. by 6.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,692,007 shares of the company’s stock valued at $69,000,000 after buying an additional 95,891 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Avista Corp. by 82.2% in the first quarter. Goldman Sachs Group Inc. now owns 145,900 shares of the company’s stock valued at $5,949,000 after buying an additional 65,843 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Avista Corp. by 6.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,001 shares of the company’s stock valued at $693,000 after buying an additional 995 shares during the last quarter. North Point Portfolio Managers Corp OH bought a new stake in Avista Corp. during the second quarter valued at about $206,000. Finally, Trillium Asset Management LLC raised its stake in Avista Corp. by 1.2% in the second quarter. Trillium Asset Management LLC now owns 35,904 shares of the company’s stock valued at $1,608,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 68.04% of the company’s stock.
Shares of Avista Corp. (NYSE:AVA) traded up 0.58% during trading on Monday, reaching $39.93. The company’s stock had a trading volume of 48,129 shares. The stock’s 50 day moving average price is $41.14 and its 200-day moving average price is $41.58. The firm has a market cap of $2.54 billion, a PE ratio of 18.38 and a beta of 0.40. Avista Corp. has a 12 month low of $32.61 and a 12 month high of $45.22.
Avista Corp. (NYSE:AVA) last issued its earnings results on Wednesday, August 3rd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm earned $234.79 million during the quarter, compared to analyst estimates of $316.24 million. Avista Corp. had a net margin of 9.38% and a return on equity of 8.32%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities analysts predict that Avista Corp. will post $2.08 EPS for the current year.
Several analysts recently issued reports on AVA shares. Zacks Investment Research upgraded Avista Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, October 4th. Williams Capital boosted their price target on Avista Corp. from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 22nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $42.00 price target on shares of Avista Corp. in a research report on Wednesday, June 22nd.
In other news, SVP Jason R. Thackston sold 950 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $40.90, for a total value of $38,855.00. Following the completion of the sale, the senior vice president now directly owns 17,232 shares in the company, valued at approximately $704,788.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marian M. Durkin sold 3,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $42.56, for a total value of $148,960.00. Following the completion of the sale, the insider now owns 67,245 shares of the company’s stock, valued at $2,861,947.20. The disclosure for this sale can be found here. 1.07% of the stock is owned by insiders.
Avista Corp. Company Profile
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon.