IDT Co. (IDT) Director Eric F. Cosentino Sells 1,800 Shares
IDT Co. (NYSE:IDT) Director Eric F. Cosentino sold 1,800 shares of the business’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $5.62, for a total value of $10,116.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NYSE:IDT opened at $5.53 on Friday. IDT Co. has a 1 year low of $5.40 and a 1 year high of $17.71. The stock has a market cap of $137.37, a PE ratio of 25.14 and a beta of 1.03.
IDT (NYSE:IDT) last issued its earnings results on Thursday, March 8th. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter. IDT had a positive return on equity of 3.38% and a negative net margin of 0.97%. The firm had revenue of $395.88 million for the quarter.
Separately, UBS upgraded IDT from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th.
Institutional investors have recently added to or reduced their stakes in the stock. AXA acquired a new position in IDT during the 4th quarter worth approximately $128,000. Unison Advisors LLC acquired a new position in IDT during the 4th quarter worth approximately $138,000. Wells Fargo & Company MN lifted its position in IDT by 56.7% during the 4th quarter. Wells Fargo & Company MN now owns 31,614 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 11,444 shares in the last quarter. California Public Employees Retirement System lifted its position in IDT by 25.5% during the 4th quarter. California Public Employees Retirement System now owns 32,067 shares of the utilities provider’s stock worth $340,000 after acquiring an additional 6,515 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in IDT by 97.0% during the 4th quarter. Deutsche Bank AG now owns 44,556 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 21,942 shares in the last quarter. 46.79% of the stock is currently owned by hedge funds and other institutional investors.
IDT Company Profile
IDT Corporation, through its subsidiaries, operates primarily in the telecommunications and payment industries in the United States and internationally. It operates in three segments: Telecom Platform Services, Unified Communications as a Service, and Consumer Phone Services. The Telecom Platform Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; payment offerings, such as international and domestic airtime top-up, and international money transfer services; and wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers.
Receive News & Ratings for IDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT and related companies with MarketBeat.com's FREE daily email newsletter.