Apollo Management Holdings Exits Position in Calpine Corporation (CPN)

Calpine Corporation (CPN) : Apollo Management Holdings has sold out all of its stake in Calpine Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 200,000 shares of Calpine Corporation which is valued at $2,546,000.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd added CPN to its portfolio by purchasing 29,783 company shares during the most recent quarter which is valued at $379,138. Calpine Corporation makes up approx 0.69% of Point72 Asia (hong Kong) Ltd’s portfolio. Clinton Group Inc added CPN to its portfolio by purchasing 176,038 company shares during the most recent quarter which is valued at $2,240,964. Calpine Corporation makes up approx 0.09% of Clinton Group Inc’s portfolio.Columbia Partners L L C Investment Management reduced its stake in CPN by selling 616 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 61,368 shares of CPN which is valued at $781,215. Calpine Corporation makes up approx 0.06% of Columbia Partners L L C Investment Management’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in CPN by selling 768,146 shares or 64.21% in the most recent quarter. The Hedge Fund company now holds 428,147 shares of CPN which is valued at $6,319,450. Calpine Corporation makes up approx 0.11% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Calpine Corporation closed down -0.35 points or -2.80% at $12.13 with 33,51,165 shares getting traded on Thursday. Post opening the session at $12.54, the shares hit an intraday low of $12.07 and an intraday high of $12.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Calpine Corporation reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.03. The company had revenue of $1164.00 million for the quarter, compared to analysts expectations of $1274.90 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Calpine Corporation (Calpine) is a wholesale power generator. The Company owns and operates natural gas-fired and geothermal power plants in North America. It sells wholesale power steam capacity renewable energy credits and ancillary services to its customers which include utilities independent electric system operators industrial and agricultural companies retail power providers municipalities power marketers and others. Its segments are West (including geothermal) Texas and East (including Canada). The Company’s portfolio consists of two types of power generation technologies: natural gas-fired combustion turbines which are primarily combined-cycle plants and renewable geothermal conventional steam turbines. It is also an owner and operator of industrial gas turbines as well as cogeneration power plants. It owns 88 power plants including one under construction plant with an aggregate generation capacity of 26548 megawatt (MW) and 309 MW under construction.

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