B Communications Ltd. (NASDAQ:BCOM) released its quarterly earnings data on Thursday. The utilities provider reported $0.43 earnings per share for the quarter, Morningstar.com reports. B Communications had a positive return on equity of 0.09% and a negative net margin of 1.74%.

Shares of B Communications (NASDAQ:BCOM) traded up 4.26% during midday trading on Thursday, hitting $14.45. The company had a trading volume of 1,239 shares. The company’s 50 day moving average is $14.85 and its 200 day moving average is $18.44. B Communications has a one year low of $12.20 and a one year high of $25.45. The firm’s market cap is $430.18 million.

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Several hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its stake in B Communications by 75.9% in the second quarter. Acadian Asset Management LLC now owns 19,588 shares of the utilities provider’s stock worth $340,000 after buying an additional 8,452 shares in the last quarter. Swiss National Bank increased its stake in B Communications by 40.7% in the second quarter. Swiss National Bank now owns 19,903 shares of the utilities provider’s stock worth $345,000 after buying an additional 5,755 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in B Communications by 27.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 18,350 shares of the utilities provider’s stock worth $318,000 after buying an additional 3,950 shares in the last quarter. Alliancebernstein L.P. increased its stake in B Communications by 8.2% in the second quarter. Alliancebernstein L.P. now owns 50,340 shares of the utilities provider’s stock worth $866,000 after buying an additional 3,800 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in B Communications by 1.5% in the second quarter. Vanguard Group Inc. now owns 190,985 shares of the utilities provider’s stock worth $3,284,000 after buying an additional 2,809 shares in the last quarter. 2.95% of the stock is currently owned by institutional investors and hedge funds.

About B Communications

B Communications Ltd. is focused on the telecommunications industry. The Company’s principal asset is its ownership interest in Bezeq The Israel Telecommunications Corp. Ltd. (Bezeq), a provider of communications services in Israel. Bezeq and its subsidiaries operate through segments, including Bezeq, which offers fixed-line telephony services and fixed-line broadband Internet infrastructure access; Pelephone, which offers cellular telephony services; Bezeq International, which offers Internet service provider (ISP) and international telephony (ILD) services, and DBS, which offers pay television services.

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