A newly-amended 13D filing with the Securities and Exchange Commission revealed that Nathaniel August‘s Mangrove Partners owns 7.68 million common shares of Atlantic Power Corp (NYSE:AT), which represent 6.4% of the company’s outstanding stock. This shows an increase in the fund’s stake, as it previously held 6.34 million shares according to its 13F filing for the reporting period of June 30.
Atlantic Power is a power generation company with plenty of assets across the U.S. and Canada. Since the beginning of the year, the company’s stock has gained 26.4%. In its financial report for the second quarter of 2016, Atlantic Power reported a loss per share of $0.15 and a net loss of $18.5 million, compared to a loss per share of $0.18, and net income of $14.7 million for the same quarter of the previous year. Recently, TD Securities reiterated its ‘Hold” rating on Atlantic Power’s stock and has a price target of $2.75 on it, 0.23 above the stock’s current price.
At the end of June there were several investors in our database that were bullish on Atlantic Power (NYSE:AT), including David M. Markowitz’s Oskie Capital Management, which held a position valued at $5.36 million, and James Dondero’s Highland Capital Management, with a $400,000 position. While Ken Griffin’s Citadel Investment Group initiated a new position in the company during the quarter valued at $222,000 on June 30, Jim Simons’ Renaissance Technologies decided to dump Atlantic Power (NYSE:AT), selling off its position which had been valued at $121,000 at the end of March.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| THE MANGROVE PARTNERS MASTER FUND, LTD | 7,679,214 | 7,679,214 | 7,679,214 | 6.4% | ||
| THE MANGROVE PARTNERS FUND | 7,679,214 | 7,679,214 | 7,679,214 | 6.4% | ||
| MANGROVE PARTNERS FUND (CAYMAN), LTD | 7,679,214 | 7,679,214 | 7,679,214 | 6.4% | ||
| MANGROVE PARTNERS | 7,679,214 | 7,679,214 | 7,679,214 | 6.4% | ||
| MANGROVE CAPITAL | 7,679,214 | 7,679,214 | 7,679,214 | 6.4% | ||
| NATHANIEL AUGUST | 7,679,214 | 7,679,214 | 7,679,214 | 6.4% |
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Page 1 of 12 – SEC Filing
(Name, Address and Telephone Number of Person
