Swiss National Bank reduced its stake in shares of Straight Path Communications Inc (NASDAQ:STRP) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the company’s stock after selling 1,700 shares during the period. Swiss National Bank owned 0.10% of Straight Path Communications worth $2,335,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of STRP. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Straight Path Communications in the 2nd quarter valued at approximately $104,000. Legal & General Group Plc grew its holdings in Straight Path Communications by 37.0% during the 2nd quarter. Legal & General Group Plc now owns 2,207 shares of the company’s stock valued at $396,000 after buying an additional 596 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Straight Path Communications by 3,485.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,004 shares of the company’s stock valued at $180,000 after buying an additional 976 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Straight Path Communications during the 2nd quarter valued at $215,000. Finally, Sei Investments Co. acquired a new stake in Straight Path Communications during the 2nd quarter valued at $225,000.

Straight Path Communications Inc (STRP) opened at 181.50 on Tuesday. The firm’s 50-day moving average price is $179.70 and its 200 day moving average price is $155.60. The stock’s market cap is $2.30 billion. Straight Path Communications Inc has a 52-week low of $21.85 and a 52-week high of $235.88.

WARNING: “Swiss National Bank Cuts Position in Straight Path Communications Inc (STRP)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/03/swiss-national-bank-cuts-position-in-straight-path-communications-inc-strp.html.

In related news, major shareholder Howard S. Jonas sold 21,213 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.11, for a total transaction of $3,799,460.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Howard S. Jonas sold 145,579 shares of Straight Path Communications stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $179.32, for a total transaction of $26,105,226.28. Following the completion of the transaction, the insider now owns 14,297 shares in the company, valued at approximately $2,563,738.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 265,644 shares of company stock valued at $47,667,170.

About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

Want to see what other hedge funds are holding STRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Straight Path Communications Inc (NASDAQ:STRP).

Institutional Ownership by Quarter for Straight Path Communications (NASDAQ:STRP)

Receive News & Stock Ratings for Straight Path Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Straight Path Communications Inc and related stocks with our FREE daily email newsletter.