Richard C. Young Ltd. Lowers stake in Avista Corp (AVA)

Avista Corp (AVA) : Richard C. Young Ltd. reduced its stake in Avista Corp by 1.31% during the most recent quarter end. The investment management company now holds a total of 214,336 shares of Avista Corp which is valued at $9,064,269 after selling 2,839 shares in Avista Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Avista Corp makes up approximately 1.96% of Richard C. Young Ltd.’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in AVA by selling 22,091 shares or 8.99% in the most recent quarter. The Hedge Fund company now holds 223,620 shares of AVA which is valued at $9,456,890. Avista Corp makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Ajo Lp reduced its stake in AVA by selling 27,268 shares or 8.13% in the most recent quarter. The Hedge Fund company now holds 308,254 shares of AVA which is valued at $12,999,071. Avista Corp makes up approx 0.06% of Ajo Lp’s portfolio. Gsa Capital Partners Llp added AVA to its portfolio by purchasing 24,298 company shares during the most recent quarter which is valued at $1,031,936. Avista Corp makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio.Nordea Investment Management Ab boosted its stake in AVA in the latest quarter, The investment management firm added 11,382 additional shares and now holds a total of 14,782 shares of Avista Corp which is valued at $638,878.North Star Investment Management Corp. boosted its stake in AVA in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 12,358 shares of Avista Corp which is valued at $543,752. Avista Corp makes up approx 0.10% of North Star Investment Management Corp.’s portfolio.

Avista Corp closed down -0.24 points or -0.57% at $41.63 with 1,56,485 shares getting traded on Tuesday. Post opening the session at $41.98, the shares hit an intraday low of $41.615 and an intraday high of $42.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Avista Corp reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.44. The company had revenue of $318.80 million for the quarter, compared to analysts expectations of $316.24 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Avista Corporation is primarily an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities and Alaska Electric Light and Power Company (AEL&P). Avista Utilities provides electric distribution and transmission as well as natural gas distribution services in parts of eastern Washington and northern Idaho. It also provides natural gas distribution service in parts of northeastern and southwestern Oregon. AEL&P owns and operates electric generation transmission and distribution facilities located in Juneau. The Company operates other businesses including sheet metal fabrication venture fund investments and real estate investments.

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