pdvWireless, Inc. (PDVW) Stake Maintained by Feinberg Stephen
Feinberg Stephen held its stake in pdvWireless, Inc. (NASDAQ:PDVW) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,506,457 shares of the wireless provider’s stock at the close of the 2nd quarter. pdvWireless makes up approximately 25.2% of Feinberg Stephen’s portfolio, making the stock its 2nd biggest position. Feinberg Stephen owned 24.32% of pdvWireless worth $81,700,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in pdvWireless by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 1,426,493 shares of the wireless provider’s stock worth $31,169,000 after purchasing an additional 166,050 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in pdvWireless by 8.9% in the 1st quarter. Bank of New York Mellon Corp now owns 122,689 shares of the wireless provider’s stock worth $2,681,000 after purchasing an additional 9,976 shares during the period. Northern Trust Corp boosted its stake in pdvWireless by 2.4% in the 2nd quarter. Northern Trust Corp now owns 118,630 shares of the wireless provider’s stock worth $2,765,000 after purchasing an additional 2,768 shares during the period. Geode Capital Management LLC grew its holdings in pdvWireless by 5.5% during the 1st quarter. Geode Capital Management LLC now owns 90,078 shares of the wireless provider’s stock valued at $1,968,000 after buying an additional 4,687 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in pdvWireless by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock valued at $789,000 after buying an additional 209 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.
PDVW has been the topic of several analyst reports. ValuEngine cut pdvWireless from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. BidaskClub downgraded shares of pdvWireless from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, B. Riley increased their price target on shares of pdvWireless from $43.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $42.00.
Shares of pdvWireless, Inc. (NASDAQ PDVW) traded down 0.47% on Wednesday, reaching $31.75. 14,448 shares of the company’s stock traded hands. pdvWireless, Inc. has a 52-week low of $18.70 and a 52-week high of $32.40. The firm’s 50-day moving average is $30.35 and its 200-day moving average is $30.35. The stock’s market cap is $457.74 million.
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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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