pdvWireless, Inc. (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. bought 14,749 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was bought at an average cost of $29.26 per share, for a total transaction of $431,555.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, November 7th, Owl Creek Asset Management, L. bought 25,257 shares of pdvWireless stock. The stock was bought at an average cost of $29.56 per share, for a total transaction of $746,596.92.

Shares of pdvWireless, Inc. (NASDAQ:PDVW) traded down $0.05 during midday trading on Tuesday, reaching $30.10. 20,242 shares of the company’s stock were exchanged, compared to its average volume of 24,667. pdvWireless, Inc. has a twelve month low of $18.70 and a twelve month high of $33.75.

TRADEMARK VIOLATION NOTICE: “Owl Creek Asset Management, L. Buys 14,749 Shares of pdvWireless, Inc. (PDVW) Stock” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/08/owl-creek-asset-management-l-buys-14749-shares-of-pdvwireless-inc-pdvw-stock.html.

A number of hedge funds and other institutional investors have recently modified their holdings of PDVW. Bank of New York Mellon Corp grew its position in pdvWireless by 8.9% during the first quarter. Bank of New York Mellon Corp now owns 122,689 shares of the wireless provider’s stock valued at $2,681,000 after acquiring an additional 9,976 shares during the last quarter. Swiss National Bank grew its position in pdvWireless by 19.4% during the first quarter. Swiss National Bank now owns 14,150 shares of the wireless provider’s stock valued at $309,000 after acquiring an additional 2,300 shares during the last quarter. American International Group Inc. grew its position in pdvWireless by 7.1% during the first quarter. American International Group Inc. now owns 6,014 shares of the wireless provider’s stock valued at $131,000 after acquiring an additional 398 shares during the last quarter. TIAA CREF Investment Management LLC grew its position 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 valued at $651,000 after acquiring an additional 124 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in pdvWireless by 13.2% during the first quarter. Vanguard Group Inc. now owns 1,426,493 shares of the wireless provider’s stock valued at $31,169,000 after acquiring an additional 166,050 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

A number of equities research analysts recently weighed in on PDVW shares. Zacks Investment Research raised shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, October 18th. ValuEngine raised shares of pdvWireless from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. B. Riley reaffirmed a “buy” rating and issued a $59.00 target price on shares of pdvWireless in a research note on Thursday, October 5th. Finally, BidaskClub downgraded shares of pdvWireless from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

About pdvWireless

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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