Altaba Inc (AABA) Stake Increased by Hanson McClain Inc.

Hanson McClain Inc. lifted its stake in shares of Altaba Inc (NASDAQ:AABA) by 118.8% in the 1st quarter, HoldingsChannel reports. The fund owned 875 shares of the company’s stock after acquiring an additional 475 shares during the period. Hanson McClain Inc.’s holdings in Altaba were worth $65,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Actinver Wealth Management Inc. bought a new stake in shares of Altaba during the 4th quarter worth about $484,000. Huntington National Bank boosted its stake in Altaba by 224.2% during the 4th quarter. Huntington National Bank now owns 1,446 shares of the company’s stock valued at $84,000 after purchasing an additional 1,000 shares during the period. Norges Bank bought a new stake in Altaba during the 4th quarter valued at approximately $255,165,000. CWM LLC boosted its stake in Altaba by 69.2% during the 4th quarter. CWM LLC now owns 1,535 shares of the company’s stock valued at $89,000 after purchasing an additional 628 shares during the period. Finally, Samlyn Capital LLC bought a new stake in Altaba during the 4th quarter valued at approximately $78,636,000. Institutional investors own 71.41% of the company’s stock.

Several analysts recently weighed in on AABA shares. JPMorgan Chase & Co. downgraded Altaba from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $84.00 to $78.00 in a research note on Thursday, April 4th. BidaskClub downgraded Altaba from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded Altaba from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th. Finally, ValuEngine upgraded Altaba from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $91.67.

Shares of NASDAQ:AABA opened at $68.57 on Friday. Altaba Inc has a twelve month low of $54.75 and a twelve month high of $82.45.

TRADEMARK VIOLATION NOTICE: This article was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/05/17/altaba-inc-aaba-stake-increased-by-hanson-mcclain-inc.html.

About Altaba

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

Recommended Story: 52-Week High/Low Prices For Stock Selection

Want to see what other hedge funds are holding AABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altaba Inc (NASDAQ:AABA).

Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.