Owl Creek Asset Management, L. Acquires 76,417 Shares of pdvWireless, Inc. (PDVW) Stock

pdvWireless, Inc. (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. purchased 76,417 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average cost of $31.84 per share, with a total value of $2,433,117.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, November 15th, Owl Creek Asset Management, L. purchased 26,863 shares of pdvWireless stock. The stock was purchased at an average cost of $30.54 per share, with a total value of $820,396.02.
  • On Thursday, November 9th, Owl Creek Asset Management, L. acquired 9,309 shares of pdvWireless stock. The shares were bought at an average cost of $29.95 per share, with a total value of $278,804.55.
  • On Monday, November 13th, Owl Creek Asset Management, L. acquired 19,578 shares of pdvWireless stock. The shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost of $29.56 per share, with a total value of $746,596.92.

pdvWireless, Inc. (NASDAQ PDVW) opened at $32.85 on Wednesday. pdvWireless, Inc. has a 52-week low of $18.70 and a 52-week high of $36.00.

A number of analysts have recently issued reports on PDVW shares. Zacks Investment Research raised shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, October 18th. B. Riley reissued a “buy” rating and issued a $59.00 price target on shares of pdvWireless in a research note on Wednesday, November 8th. ValuEngine downgraded shares of pdvWireless from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Finally, BidaskClub downgraded shares of pdvWireless from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in pdvWireless by 0.4% during the first quarter. TIAA CREF Investment Management LLC now owns 29,780 shares of the wireless provider’s stock worth $651,000 after acquiring an additional 124 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in pdvWireless by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock worth $789,000 after acquiring an additional 209 shares in the last quarter. Teachers Advisors LLC boosted its stake in pdvWireless by 2.2% during the second quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock worth $420,000 after acquiring an additional 391 shares in the last quarter. American International Group Inc. lifted its stake in shares of pdvWireless by 7.1% in the first quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock worth $131,000 after buying an additional 398 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of pdvWireless by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock worth $190,000 after buying an additional 448 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Owl Creek Asset Management, L. Acquires 76,417 Shares of pdvWireless, Inc. (PDVW) Stock” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://ledgergazette.com/2017/12/06/owl-creek-asset-management-l-acquires-76417-shares-of-pdvwireless-inc-pdvw-stock.html.

pdvWireless Company Profile

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.

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

Receive News & Ratings for pdvWireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for pdvWireless Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply