Zurcher Kantonalbank Zurich Cantonalbank Sells 82,256 Shares of Ballard Power Systems Inc. (BLDP)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,496 shares of the technology company’s stock after selling 82,256 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.15% of Ballard Power Systems worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in Ballard Power Systems by 26.2% during the fourth quarter. Bank of Montreal Can now owns 61,968 shares of the technology company’s stock valued at $273,000 after purchasing an additional 12,857 shares in the last quarter. Jane Street Group LLC purchased a new stake in Ballard Power Systems during the third quarter valued at $141,000. PEAK6 Investments L.P. raised its stake in Ballard Power Systems by 556.3% during the third quarter. PEAK6 Investments L.P. now owns 216,984 shares of the technology company’s stock valued at $1,015,000 after purchasing an additional 183,921 shares in the last quarter. Bluestein R H & Co. raised its stake in Ballard Power Systems by 11.2% during the third quarter. Bluestein R H & Co. now owns 233,000 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 23,500 shares in the last quarter. Finally, First Manhattan Co. purchased a new stake in Ballard Power Systems during the third quarter valued at $126,000. 3.02% of the stock is currently owned by institutional investors.

Ballard Power Systems Inc. (NASDAQ BLDP) opened at $3.20 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.17 and a current ratio of 2.70. Ballard Power Systems Inc. has a 1 year low of $1.90 and a 1 year high of $5.93. The firm has a market cap of $579.25, a price-to-earnings ratio of -64.00 and a beta of 2.24.

A number of research firms recently issued reports on BLDP. Cowen reaffirmed a “hold” rating and set a $4.50 price target on shares of Ballard Power Systems in a research note on Tuesday, October 17th. B. Riley set a $6.00 price target on shares of Ballard Power Systems and gave the company a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Ballard Power Systems from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Thursday, February 1st. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Ballard Power Systems in a research report on Friday, November 3rd. Finally, Roth Capital set a $5.00 price objective on shares of Ballard Power Systems and gave the company a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.29.

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Ballard Power Systems Company Profile

Ballard Power Systems Inc is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications.

Institutional Ownership by Quarter for Ballard Power Systems (NASDAQ:BLDP)

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