Mangrove Partners Lowers stake in Atlantic Power Corp (AT)

Atlantic Power Corp (AT) : Mangrove Partners reduced its stake in Atlantic Power Corp by 8.85% during the most recent quarter end. The investment management company now holds a total of 6,340,613 shares of Atlantic Power Corp which is valued at $15,851,533 after selling 615,645 shares in Atlantic Power Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Atlantic Power Corp makes up approximately 3.93% of Mangrove Partners’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in AT by selling 927 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 88,376 shares of AT which is valued at $220,940.Acrospire Investment Management boosted its stake in AT in the latest quarter, The investment management firm added 457 additional shares and now holds a total of 16,109 shares of Atlantic Power Corp which is valued at $40,273. Atlantic Power Corp makes up approx 0.03% of Acrospire Investment Management’s portfolio.Janney Montgomery Scott reduced its stake in AT by selling 1,000 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 53,700 shares of AT which is valued at $135,324.Neuberger Berman Group boosted its stake in AT in the latest quarter, The investment management firm added 1,227,116 additional shares and now holds a total of 4,838,393 shares of Atlantic Power Corp which is valued at $12,192,750. Atlantic Power Corp makes up approx 0.02% of Neuberger Berman Group’s portfolio.

Atlantic Power Corp (AT) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.55 and reached the intraday high at $2.59. The bulls started the profit booking and pushed the shares to intraday low of $2.52. The trading session was marked by a volume range of 2,57,520 shares exchanging hands. The 52-week high of the shares is $2.75 and the 52-week low is $1.57. The market cap of the company stands at $311 M and there are 12,05,08,716 shares in public circulation.

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East West Wind and Un-allocated Corporate. The East segment includes the Company’s projects in the eastern United States. The West Segment includes its power generation operations in the western United States. The Wind segment involved Atlantic Power’s wind power generation operations. The Un-allocated Corporate segment includes activities that support the Company’s executive and administrative offices capital structure costs of being a public registrant costs to develop projects and intercompany eliminations. Atlantic Power’s power generation projects have an aggregate gross electric generation capacity of approximately 2945 megawatts.

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