Yale University Exits Position in Avista Corp (AVA)

Avista Corp (AVA) : Yale University has sold out all of its stake in Avista Corp during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 42,055 shares of Avista Corp which is valued at $1,778,506.

Other Hedge Funds, Including , Analytic Investors reduced its stake in AVA by selling 1,545 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 37,168 shares of AVA which is valued at $1,571,835. Avista Corp makes up approx 0.02% of Analytic Investors’s portfolio.Coldstream Capital Management Inc boosted its stake in AVA in the latest quarter, The investment management firm added 10,479 additional shares and now holds a total of 25,978 shares of Avista Corp which is valued at $1,101,467. Avista Corp makes up approx 0.19% of Coldstream Capital Management Inc’s portfolio.Assetmark Inc boosted its stake in AVA in the latest quarter, The investment management firm added 936 additional shares and now holds a total of 1,013 shares of Avista Corp which is valued at $42,951.Public Employees Retirement Association Of Colorado reduced its stake in AVA by selling 4,359 shares or 20.98% in the most recent quarter. The Hedge Fund company now holds 16,417 shares of AVA which is valued at $714,140. Avista Corp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’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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