UBS Group AG raised its position in shares of Airgain, Inc. (NASDAQ:AIRG) by 125.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,022 shares of the technology company’s stock after buying an additional 13,918 shares during the period. UBS Group AG’s holdings in Airgain were worth $379,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royce & Associates LP raised its position in Airgain by 60.9% in the first quarter. Royce & Associates LP now owns 445,023 shares of the technology company’s stock worth $6,747,000 after buying an additional 168,500 shares in the last quarter. Blair William & Co. IL purchased a new position in Airgain during the first quarter worth approximately $264,000. Worth Venture Partners LLC purchased a new position in Airgain during the first quarter worth approximately $605,000. Hood River Capital Management LLC raised its position in Airgain by 1.9% in the first quarter. Hood River Capital Management LLC now owns 356,435 shares of the technology company’s stock worth $5,404,000 after buying an additional 6,615 shares during the period. Finally, Underhill Investment Management LLC purchased a new position in Airgain during the first quarter worth approximately $1,914,000. Institutional investors and hedge funds own 36.33% of the company’s stock.
Shares of Airgain, Inc. (AIRG) traded down 0.83% on Friday, reaching $9.60. 222,919 shares of the company traded hands. Airgain, Inc. has a 1-year low of $7.36 and a 1-year high of $29.30. The firm has a market capitalization of $91.62 million and a P/E ratio of 37.65. The stock has a 50-day moving average price of $12.68 and a 200 day moving average price of $13.96.
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AIRG has been the subject of a number of recent analyst reports. Cowen and Company restated a “buy” rating and set a $19.00 price target on shares of Airgain in a research report on Thursday, August 10th. B. Riley restated a “buy” rating and set a $17.00 price target on shares of Airgain in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Airgain from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $18.09.
Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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