Coronation Fund Managers Ltd. grew its holdings in Altaba Inc (NASDAQ:AABA) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210,318 shares of the company’s stock after purchasing an additional 14,668 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Altaba were worth $14,590,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. CIBC World Markets Inc. raised its stake in shares of Altaba by 18,750.8% in the first quarter. CIBC World Markets Inc. now owns 2,621,208 shares of the company’s stock valued at $194,284,000 after acquiring an additional 2,607,303 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Altaba in the 2nd quarter worth $125,371,000. Swedbank acquired a new position in Altaba in the 2nd quarter worth $112,518,000. FMR LLC boosted its stake in Altaba by 34.7% in the 4th quarter. FMR LLC now owns 2,531,212 shares of the company’s stock worth $146,658,000 after purchasing an additional 652,283 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Altaba by 41.9% in the 1st quarter. Wells Fargo & Company MN now owns 2,175,387 shares of the company’s stock worth $161,240,000 after purchasing an additional 642,417 shares during the period. 78.93% of the stock is currently owned by institutional investors.
Altaba stock traded down $0.32 during mid-day trading on Monday, reaching $69.64. The company had a trading volume of 22,001 shares, compared to its average volume of 2,691,775. Altaba Inc has a fifty-two week low of $54.75 and a fifty-two week high of $79.18. The company has a fifty day moving average of $69.72.
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.
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