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York Capital Management Global Advisors LLC Has $289.12 Million Stake in Altaba Inc (AABA)

York Capital Management Global Advisors LLC lowered its position in Altaba Inc (NASDAQ:AABA) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,244,309 shares of the company’s stock after selling 322,481 shares during the quarter. Altaba accounts for approximately 9.1% of York Capital Management Global Advisors LLC’s investment portfolio, making the stock its 3rd largest position. York Capital Management Global Advisors LLC owned approximately 0.70% of Altaba worth $289,122,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Canyon Capital Advisors LLC increased its stake in shares of Altaba by 0.8% in the second quarter. Canyon Capital Advisors LLC now owns 43,603,522 shares of the company’s stock valued at $3,192,214,000 after buying an additional 325,000 shares during the period. Baupost Group LLC MA acquired a new position in shares of Altaba in the third quarter valued at approximately $191,470,000. FIL Ltd increased its stake in shares of Altaba by 85.0% in the third quarter. FIL Ltd now owns 2,036,808 shares of the company’s stock valued at $138,747,000 after buying an additional 935,768 shares during the period. Morgan Stanley increased its stake in shares of Altaba by 31.5% in the second quarter. Morgan Stanley now owns 2,029,711 shares of the company’s stock valued at $148,595,000 after buying an additional 486,035 shares during the period. Finally, FMR LLC increased its stake in shares of Altaba by 5.9% in the third quarter. FMR LLC now owns 1,878,929 shares of the company’s stock valued at $127,993,000 after buying an additional 103,880 shares during the period. 71.87% of the stock is owned by institutional investors.

Get Altaba alerts: AABA has been the subject of a number of recent analyst reports. BidaskClub raised shares of Altaba from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. ValuEngine downgraded shares of Altaba from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. MKM Partners decreased their target price on shares of Altaba to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $88.00 target price (down previously from $91.00) on shares of Altaba in a research report on Friday, August 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $93.42.

Shares of Altaba stock traded up $1.13 on Wednesday, reaching $63.70. 198,458 shares of the company’s stock were exchanged, compared to its average volume of 8,722,005. Altaba Inc has a 52 week low of $55.76 and a 52 week high of $82.45.

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About Altaba

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

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