Sii Investments Inc. WI acquired a new position in shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,483 shares of the Wireless communications provider’s stock, valued at approximately $112,000. Sii Investments Inc. WI owned about 0.18% of Fusion Telecommunications Int'l as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FSNN. Russell Investments Group Ltd. bought a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $1,041,000. EAM Investors LLC bought a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $575,000. B. Riley Financial Inc. bought a new stake in Fusion Telecommunications Int'l during the 2nd quarter worth $145,000. JPMorgan Chase & Co. bought a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $162,000. Finally, FNY Partners Fund LP bought a new stake in Fusion Telecommunications Int'l during the 3rd quarter worth $135,000. Institutional investors and hedge funds own 23.11% of the company’s stock.

A number of brokerages recently weighed in on FSNN. ValuEngine lowered Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. B. Riley restated a “buy” rating and set a $3.00 price objective on shares of Fusion Telecommunications Int'l in a research report on Tuesday, November 14th. Finally, Craig Hallum reiterated a “buy” rating and issued a $5.00 price target (up previously from $3.00) on shares of Fusion Telecommunications Int'l in a research report on Wednesday, August 30th.

Shares of Fusion Telecommunications Int'l, Inc. (FSNN) opened at $3.76 on Friday. Fusion Telecommunications Int'l, Inc. has a 52-week low of $1.11 and a 52-week high of $3.80. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 165.01.

In other Fusion Telecommunications Int'l news, major shareholder Asa Apptix sold 176,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $2.89, for a total value of $508,640.00. Following the sale, the insider now owns 2,510,012 shares in the company, valued at approximately $7,253,934.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Unterberg Capital Llc sold 258,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $2.85, for a total value of $735,300.00. The disclosure for this sale can be found here. Insiders sold a total of 1,408,869 shares of company stock worth $3,984,016 in the last quarter. Corporate insiders own 19.10% of the company’s stock.

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About Fusion Telecommunications Int'l

Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.

Institutional Ownership by Quarter for Fusion Telecommunications Int'l (NASDAQ:FSNN)

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