Trellus Management Company LLC Trims Stake in Airgain Inc (AIRG)

Trellus Management Company LLC trimmed its position in shares of Airgain Inc (NASDAQ:AIRG) by 70.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,847 shares of the technology company’s stock after selling 56,153 shares during the quarter. Trellus Management Company LLC owned approximately 0.24% of Airgain worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Manatuck Hill Partners LLC acquired a new stake in shares of Airgain during the 2nd quarter valued at about $116,000. Dimensional Fund Advisors LP acquired a new stake in shares of Airgain during the 2nd quarter valued at about $138,000. UBS Group AG lifted its holdings in shares of Airgain by 144.6% during the 1st quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock valued at $195,000 after buying an additional 81,464 shares during the last quarter. Northpointe Capital LLC acquired a new stake in shares of Airgain during the 2nd quarter valued at about $565,000. Finally, Perkins Capital Management Inc. acquired a new stake in shares of Airgain during the 3rd quarter valued at about $822,000. Institutional investors and hedge funds own 29.76% of the company’s stock.

Shares of AIRG stock opened at $13.67 on Thursday. Airgain Inc has a twelve month low of $7.31 and a twelve month high of $14.17. The company has a market capitalization of $137.01 million, a P/E ratio of 124.27 and a beta of 1.58.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Airgain had a negative return on equity of 7.31% and a negative net margin of 5.74%. The business had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.70 million. During the same period last year, the business earned $0.02 EPS. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, research analysts predict that Airgain Inc will post -0.37 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Airgain in a research note on Friday, August 17th. Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, October 31st. TheStreet raised Airgain from a “d+” rating to a “c” rating in a research note on Monday, September 17th. Cowen raised their price objective on Airgain from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Finally, ValuEngine raised Airgain from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $14.00.

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About Airgain

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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Institutional Ownership by Quarter for Airgain (NASDAQ:AIRG)

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