Owl Creek Asset Management, L. Buys 6,583 Shares of pdvWireless Inc (PDVW) Stock

pdvWireless Inc (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. acquired 6,583 shares of the stock in a transaction dated Wednesday, August 1st. The stock was acquired at an average cost of $28.69 per share, with a total value of $188,866.27. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Owl Creek Asset Management, L. also recently made the following trade(s):

  • On Friday, July 27th, Owl Creek Asset Management, L. acquired 34,500 shares of pdvWireless stock. The stock was acquired at an average cost of $27.89 per share, with a total value of $962,205.00.
  • On Wednesday, July 25th, Owl Creek Asset Management, L. acquired 8,000 shares of pdvWireless stock. The stock was acquired at an average cost of $25.44 per share, with a total value of $203,520.00.
  • On Monday, July 23rd, Owl Creek Asset Management, L. acquired 13,232 shares of pdvWireless stock. The stock was acquired at an average cost of $25.95 per share, with a total value of $343,370.40.
  • On Friday, July 20th, Owl Creek Asset Management, L. acquired 3,600 shares of pdvWireless stock. The stock was acquired at an average cost of $25.13 per share, with a total value of $90,468.00.
  • On Friday, July 13th, Owl Creek Asset Management, L. acquired 3,386 shares of pdvWireless stock. The stock was acquired at an average cost of $26.30 per share, with a total value of $89,051.80.
  • On Tuesday, July 17th, Owl Creek Asset Management, L. acquired 3,986 shares of pdvWireless stock. The stock was acquired at an average cost of $26.23 per share, with a total value of $104,552.78.
  • On Wednesday, July 11th, Owl Creek Asset Management, L. acquired 1,700 shares of pdvWireless stock. The stock was acquired at an average cost of $25.99 per share, with a total value of $44,183.00.
  • On Monday, July 9th, Owl Creek Asset Management, L. acquired 1,564 shares of pdvWireless stock. The stock was acquired at an average cost of $26.18 per share, with a total value of $40,945.52.
  • On Wednesday, June 6th, Owl Creek Asset Management, L. acquired 50,895 shares of pdvWireless stock. The stock was acquired at an average cost of $23.78 per share, with a total value of $1,210,283.10.

Shares of pdvWireless stock opened at $29.45 on Friday. pdvWireless Inc has a 52-week low of $22.50 and a 52-week high of $39.75.

pdvWireless (NASDAQ:PDVW) last issued its quarterly earnings results on Tuesday, June 5th. The wireless provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.04). pdvWireless had a negative return on equity of 15.58% and a negative net margin of 481.95%. The firm had revenue of $1.78 million during the quarter, compared to analysts’ expectations of $1.55 million. equities analysts expect that pdvWireless Inc will post -2.97 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in pdvWireless by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 44,025 shares of the wireless provider’s stock worth $1,315,000 after acquiring an additional 3,787 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in pdvWireless in the first quarter worth approximately $430,000. Swiss National Bank lifted its stake in pdvWireless by 12.7% in the first quarter. Swiss National Bank now owns 15,950 shares of the wireless provider’s stock worth $476,000 after acquiring an additional 1,800 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in pdvWireless in the fourth quarter worth approximately $108,000. Finally, Deutsche Bank AG lifted its stake in pdvWireless by 136.2% in the fourth quarter. Deutsche Bank AG now owns 22,661 shares of the wireless provider’s stock worth $725,000 after acquiring an additional 13,068 shares during the last quarter. Institutional investors own 90.55% of the company’s stock.

Several research firms have recently commented on PDVW. Zacks Investment Research raised shares of pdvWireless from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. BidaskClub lowered shares of pdvWireless from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. ValuEngine downgraded shares of pdvWireless from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, TheStreet downgraded shares of pdvWireless from a “c-” rating to a “d+” rating in a research note on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.50.

pdvWireless Company Profile

pdvWireless, Inc, a wireless communication company, provides network and mobile communication solutions to infrastructure and enterprise customers primarily in the United States. It offers TeamConnect service, which combines pdvConnect, a proprietary suite of mobile communication and workforce management applications with digital network architecture and mobile devices supplied by Motorola Solutions, Inc The company's mobile communication and workforce management solutions enable businesses to locate and communicate with their field workers, as well as enhance the documentation of work events and job status.

Read More: Are analyst ratings accurate?

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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