Schneider Capital Management Corp held its stake in UTStarcom Holdings Corp (NASDAQ:UTSI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 516,490 shares of the Wireless communications provider’s stock at the end of the 2nd quarter. Schneider Capital Management Corp owned 1.46% of UTStarcom Holdings Corp worth $1,209,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in UTStarcom Holdings Corp by 40.2% during the second quarter. Goldman Sachs Group Inc. now owns 75,637 shares of the Wireless communications provider’s stock worth $177,000 after purchasing an additional 21,678 shares during the period. Virtu KCG Holdings LLC purchased a new stake in UTStarcom Holdings Corp during the second quarter worth about $141,000. Spark Investment Management LLC increased its stake in UTStarcom Holdings Corp by 116.4% during the second quarter. Spark Investment Management LLC now owns 48,700 shares of the Wireless communications provider’s stock worth $113,000 after purchasing an additional 26,200 shares during the period. Finally, Renaissance Technologies LLC increased its stake in UTStarcom Holdings Corp by 1.7% during the first quarter. Renaissance Technologies LLC now owns 829,197 shares of the Wireless communications provider’s stock worth $1,625,000 after purchasing an additional 14,000 shares during the period. Institutional investors own 25.93% of the company’s stock.
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A number of analysts have issued reports on UTSI shares. Zacks Investment Research upgraded shares of UTStarcom Holdings Corp from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Thursday, July 13th. ValuEngine upgraded shares of UTStarcom Holdings Corp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th.
Shares of UTStarcom Holdings Corp (NASDAQ UTSI) traded up 1.03% during mid-day trading on Friday, reaching $2.93. 8,424 shares of the company’s stock were exchanged. UTStarcom Holdings Corp has a 52 week low of $1.60 and a 52 week high of $2.93. The stock has a 50 day moving average price of $2.34 and a 200 day moving average price of $2.18. The stock has a market cap of $103.69 million, a price-to-earnings ratio of 104.64 and a beta of -0.30.
UTStarcom Holdings Corp Profile
UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.
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