Healthcare of Ontario Pension Plan Trust Fund Acquires 80,872 Shares of Array Digital Infrastructure Inc. $AD

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Array Digital Infrastructure Inc. (NYSE:AD) by 423.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,990 shares of the company’s stock after buying an additional 80,872 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Array Digital Infrastructure were worth $4,614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in shares of Array Digital Infrastructure in the fourth quarter valued at approximately $25,000. Public Employees Retirement System of Ohio acquired a new position in shares of Array Digital Infrastructure during the 1st quarter worth approximately $33,000. Quadrant Capital Group LLC bought a new stake in Array Digital Infrastructure in the 4th quarter valued at $48,000. Empowered Funds LLC bought a new stake in Array Digital Infrastructure in the 4th quarter valued at $54,000. Finally, Harbour Investments Inc. acquired a new stake in Array Digital Infrastructure during the 4th quarter valued at $61,000. Institutional investors own 18.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AD. Royal Bank Of Canada reduced their price objective on shares of Array Digital Infrastructure from $52.00 to $40.00 and set a “sector perform” rating for the company in a research report on Friday, July 10th. Raymond James Financial downgraded shares of Array Digital Infrastructure from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Array Digital Infrastructure in a research note on Thursday, June 11th. Wall Street Zen cut shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Array Digital Infrastructure from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.60.

Array Digital Infrastructure Trading Up 0.5%

Shares of NYSE AD opened at $35.18 on Thursday. The stock has a market cap of $3.04 billion, a P/E ratio of 14.60 and a beta of 0.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.03 and a current ratio of 1.03. Array Digital Infrastructure Inc. has a 52-week low of $33.71 and a 52-week high of $79.17. The firm has a 50 day moving average price of $40.72 and a two-hundred day moving average price of $46.47.

Array Digital Infrastructure Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $11.00 per share. The ex-dividend date was Thursday, June 11th.

Array Digital Infrastructure Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.