Traders are more bullish on shares of the company lately as evidenced by the downtick in short interest. The firm realized a fall in short interest of -22.06% as of September 29, 2017 from the last reporting period. Short shares decreased from 11,010,562 to 8,581,513 over that timeframe. Days to cover decreased 0.0 to 1.0 and the percentage of shorted shares was 0.02% on September 29.
There has been some selling insider activity on Calpine Corporation (NYSE:CPN) recently. Director Jack A. Fusco sold 949,525 shares at a price of $14.72 on Thu the 24th. That brings the Director’s holdings to $123,795 as reported to the SEC.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Bluecrest Capital Management Ltd had bought 125,389 shares growing its position 162.3%. The value of the company’s investment in Calpine Corporation went from $854,000 to $2,742,000 increasing 221.1% quarter to quarter. As of quarter end Squarepoint Ops LLC had acquired a total of 412,295 shares growing its stake by 2,714.6%. The value of the investment in (CPN) increased from $168,000 to $5,784,000 a change of $5,616,000 since the last quarter.
As of the end of the quarter AHL Partners LLP had acquired a total of 244,670 shares growing its holdings by 64.5%. The value in dollars increased from $4,190,000 to $8,440,000 a change of 101.4% for the reporting period. Sailingstone Capital Partners LLC bolstered its holdings by buying 4,119,718 shares an increase of 10.6% from 03/31/2017 to 06/30/2017. Sailingstone Capital Partners LLC controls 42,813,656 shares valued at $579,269,000. The total value of its holdings increased 35.5%.
On August 21 the company was downgraded to “Sector Perform” from “Outperform” in a statement from RBC Capital. On September 8 the company was rated “Neutral” in a report from Citigroup which is down from the previous “Buy” rating.
In the market the company is trading down from yesterday’s close of 14.86. The stock is trading at $14.81 slightly over $14.72, the 50 day moving average and much higher than the 200 day moving average of $13.17. The 50 day moving average went up by +0.587% whereas the 200 day average was up by +12.441%.
The company’s P/E ratio is 111.316 and the market cap of the company is 5.34B. In the last earnings report the EPS was $0.13 and is estimated to be $0.43 for the current year with 360,670,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.03 with next year’s EPS projected to be $0.82.
Calpine Corporation, launched on June 27, 1996, is a power generation company. The Company is involved in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Business’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil. As of December 31, 2016, the Company, through its power generation portfolio and retail sales platforms, served customers in 25 states in the United States, and in Canada and Mexico..