Cubist Systematic Strategies LLC Has $151,000 Position in Companhia Energetica de Minas Gers CEMIG (CIG)

Cubist Systematic Strategies LLC lowered its position in Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) by 46.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,015 shares of the utilities provider’s stock after selling 53,808 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Companhia Energetica de Minas Gers CEMIG were worth $151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Eqis Capital Management Inc. purchased a new stake in shares of Companhia Energetica de Minas Gers CEMIG in the third quarter valued at about $101,000. Gotham Asset Management LLC grew its holdings in shares of Companhia Energetica de Minas Gers CEMIG by 392.5% in the second quarter. Gotham Asset Management LLC now owns 78,149 shares of the utilities provider’s stock valued at $188,000 after purchasing an additional 62,282 shares during the period. First Trust Advisors LP grew its holdings in shares of Companhia Energetica de Minas Gers CEMIG by 111.4% in the third quarter. First Trust Advisors LP now owns 77,735 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 40,955 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Companhia Energetica de Minas Gers CEMIG in the third quarter valued at about $217,000. Finally, Legal & General Group Plc grew its holdings in shares of Companhia Energetica de Minas Gers CEMIG by 41.1% in the second quarter. Legal & General Group Plc now owns 97,788 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 28,500 shares during the period. 2.53% of the stock is owned by hedge funds and other institutional investors.

Companhia Energetica de Minas Gers CEMIG (CIG) opened at $2.12 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.67. Companhia Energetica de Minas Gers CEMIG has a 12 month low of $1.89 and a 12 month high of $3.84.

Separately, JPMorgan Chase & Co. raised shares of Companhia Energetica de Minas Gers CEMIG from a “neutral” rating to an “overweight” rating in a report on Monday, November 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.80.

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Companhia Energetica de Minas Gers CEMIG Profile

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.

Institutional Ownership by Quarter for Companhia Energetica de Minas Gers CEMIG (NYSE:CIG)

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