31,408 Shares in Ballard Power Systems Inc. (NASDAQ:BLDP) Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) in the fourth quarter, Holdings Channel reports. The firm acquired 31,408 shares of the technology company’s stock, valued at approximately $52,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in shares of Ballard Power Systems by 137.6% during the third quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company’s stock valued at $2,008,000 after acquiring an additional 646,219 shares in the last quarter. Van ECK Associates Corp grew its position in Ballard Power Systems by 35.4% during the 4th quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company’s stock valued at $4,094,000 after purchasing an additional 644,861 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ballard Power Systems by 71.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,020,801 shares of the technology company’s stock valued at $1,695,000 after purchasing an additional 425,374 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Ballard Power Systems by 79.7% in the third quarter. BNP Paribas Financial Markets now owns 436,689 shares of the technology company’s stock worth $786,000 after buying an additional 193,658 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Ballard Power Systems in the fourth quarter worth approximately $310,000. Hedge funds and other institutional investors own 28.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James reduced their price target on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company set a $1.00 price target on Ballard Power Systems in a research note on Thursday, March 13th. HSBC dropped their price objective on Ballard Power Systems from $1.90 to $1.40 and set a “hold” rating on the stock in a research report on Friday, March 14th. TD Cowen upgraded shares of Ballard Power Systems to a “strong sell” rating in a research note on Monday, January 13th. Finally, Roth Mkm dropped their price target on shares of Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating on the stock in a report on Friday, March 14th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.13.

Ballard Power Systems Stock Up 1.9 %

BLDP opened at $1.10 on Tuesday. The firm’s 50 day simple moving average is $1.30 and its two-hundred day simple moving average is $1.49. The company has a market capitalization of $329.38 million, a PE ratio of -1.00 and a beta of 1.84. Ballard Power Systems Inc. has a 1-year low of $1.01 and a 1-year high of $3.38. The company has a current ratio of 9.01, a quick ratio of 8.19 and a debt-to-equity ratio of 0.03.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.