Bruni J V & Co. Co. Sells 384,026 Shares of Ballard Power Systems, Inc. $BLDP

Bruni J V & Co. Co. decreased its stake in Ballard Power Systems, Inc. (NASDAQ:BLDP) (TSE:BLD) by 65.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,767 shares of the technology company’s stock after selling 384,026 shares during the period. Bruni J V & Co. Co. owned 0.07% of Ballard Power Systems worth $552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its position in Ballard Power Systems by 104.2% during the second quarter. Legal & General Group Plc now owns 13,133,224 shares of the technology company’s stock valued at $20,977,000 after purchasing an additional 6,701,756 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ballard Power Systems by 20.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company’s stock valued at $5,408,000 after buying an additional 829,012 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Ballard Power Systems by 117.1% in the second quarter. CANADA LIFE ASSURANCE Co now owns 2,720,883 shares of the technology company’s stock valued at $4,327,000 after buying an additional 1,467,547 shares in the last quarter. Jane Street Group LLC increased its holdings in Ballard Power Systems by 56.2% during the first quarter. Jane Street Group LLC now owns 1,485,948 shares of the technology company’s stock worth $1,635,000 after buying an additional 534,834 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Ballard Power Systems by 23.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,240,381 shares of the technology company’s stock worth $1,972,000 after buying an additional 237,606 shares during the last quarter. Institutional investors own 28.02% of the company’s stock.

Ballard Power Systems Stock Down 0.5%

Ballard Power Systems stock opened at $2.11 on Friday. Ballard Power Systems, Inc. has a twelve month low of $1.00 and a twelve month high of $4.10. The stock has a market cap of $634.67 million, a P/E ratio of -5.27 and a beta of 1.75. The company’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.67. The company has a quick ratio of 7.53, a current ratio of 8.33 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

A number of analysts have commented on BLDP shares. KeyCorp reiterated a “sector weight” rating on shares of Ballard Power Systems in a research note on Friday, November 14th. Zacks Research cut Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. TD Cowen raised Ballard Power Systems from a “sell” rating to a “hold” rating in a research report on Friday, January 9th. Roth Mkm reaffirmed a “neutral” rating and issued a $3.00 price objective on shares of Ballard Power Systems in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ballard Power Systems in a research note on Wednesday, January 21st. Eleven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Ballard Power Systems currently has an average rating of “Reduce” and an average target price of $2.33.

Ballard Power Systems Profile

Ballard Power Systems (NASDAQ:BLDP) is a Canadian technology company specializing in the development and manufacture of proton exchange membrane (PEM) fuel cell products. Headquartered in Vancouver, British Columbia, Ballard designs and sells fuel cell stacks and modules that enable zero-emission power generation for a variety of applications, including heavy-duty motive systems, backup power, material handling equipment, and portable power solutions.

Since its founding in 1979, Ballard has built a strong intellectual property portfolio and a track record of innovation in PEM fuel cell technology.