ProShare Advisors LLC significantly reduced its stake in Enphase Energy, Inc. by 53.3% in the third quarter, selling 29,497 shares. Despite the sell-off by ProShare Advisors and certain insiders, institutional investors still hold a substantial 72.12% of the stock, with some, like Invesco Ltd. and Norges Bank, increasing their positions. Enphase Energy reported mixed quarterly results, beating EPS estimates but experiencing a 10.3% year-over-year revenue decline, and currently carries a consensus “Hold” rating from analysts.
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ProShare Advisors LLC Lowers Stock Position in Enphase Energy, Inc. $ENPH
ProShare Advisors LLC significantly reduced its stake in Enphase Energy, Inc. by 53.3% in the third quarter, selling 29,497 shares. Despite the sell-off by ProShare Advisors and certain insiders, institutional investors still hold a substantial 72.12% of the stock, with some, like Invesco Ltd. and Norges Bank, increasing their positions. Enphase Energy reported mixed quarterly results, beating EPS estimates but experiencing a 10.3% year-over-year revenue decline, and currently carries a consensus “Hold” rating from analysts.