Royce & Associates LP Trims Holdings in Airgain Inc (AIRG)

Royce & Associates LP lessened its position in Airgain Inc (NASDAQ:AIRG) by 40.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 213,000 shares of the technology company’s stock after selling 147,223 shares during the period. Royce & Associates LP owned approximately 2.24% of Airgain worth $1,936,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services Inc acquired a new stake in Airgain in the third quarter valued at approximately $118,000. Menta Capital LLC acquired a new stake in Airgain in the second quarter valued at approximately $251,000. Worth Venture Partners LLC grew its stake in Airgain by 56.8% in the second quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after acquiring an additional 22,653 shares during the period. Rice Hall James & Associates LLC acquired a new stake in Airgain in the third quarter valued at approximately $1,351,000. Finally, Bank of New York Mellon Corp grew its stake in Airgain by 24.3% in the second quarter. Bank of New York Mellon Corp now owns 182,209 shares of the technology company’s stock valued at $2,584,000 after acquiring an additional 35,639 shares during the period. 24.50% of the stock is owned by hedge funds and other institutional investors.

AIRG has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $12.50 target price on shares of Airgain in a research report on Friday, September 8th. Zacks Investment Research cut Airgain from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Northland Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Airgain in a research report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Airgain has an average rating of “Buy” and a consensus price target of $16.10.

Airgain Inc (NASDAQ AIRG) opened at $9.44 on Friday. The stock has a market capitalization of $90.90, a P/E ratio of 33.89 and a beta of 1.77. The company has a current ratio of 5.02, a quick ratio of 4.95 and a debt-to-equity ratio of 0.01. Airgain Inc has a 1 year low of $7.31 and a 1 year high of $18.20.

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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.

Institutional Ownership by Quarter for Airgain (NASDAQ:AIRG)

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