pdvWireless, Inc. (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. purchased 9,309 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $29.95 per share, with a total value of $278,804.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Owl Creek Asset Management, L. also recently made the following trade(s):
- On Monday, November 13th, Owl Creek Asset Management, L. acquired 19,578 shares of pdvWireless stock. The stock was acquired at an average price of $29.61 per share, with a total value of $579,704.58.
- On Friday, November 3rd, Owl Creek Asset Management, L. acquired 14,749 shares of pdvWireless stock. The stock was acquired at an average price of $29.26 per share, with a total value of $431,555.74.
- On Tuesday, November 7th, Owl Creek Asset Management, L. acquired 25,257 shares of pdvWireless stock. The stock was acquired at an average price of $29.56 per share, with a total value of $746,596.92.
pdvWireless, Inc. (PDVW) opened at $29.05 on Tuesday. pdvWireless, Inc. has a 12 month low of $18.70 and a 12 month high of $33.75.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. lifted its stake in pdvWireless by 7.1% during the 1st quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock worth $131,000 after acquiring an additional 398 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in pdvWireless during the 3rd quarter worth about $212,000. State Board of Administration of Florida Retirement System acquired a new position in pdvWireless during the 3rd quarter worth about $215,000. The Manufacturers Life Insurance Company lifted its stake in pdvWireless by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after acquiring an additional 448 shares in the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new position in pdvWireless during the 2nd quarter worth about $287,000. 92.90% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on PDVW shares. ValuEngine cut pdvWireless from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. B. Riley reissued a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a research note on Thursday, October 5th. Zacks Investment Research lowered pdvWireless from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Finally, BidaskClub raised pdvWireless from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.
pdvWireless, Inc, formerly Pacific DataVision, Inc, is a wireless communications carrier and a provider of mobile workforce communication and location-based solutions. The Company’s solutions focus on enhancing the productivity of its customers’ field-based workers, and the efficiency of their dispatch and call center operations.
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