Owl Creek Asset Management, L. Acquires 6,403 Shares of pdvWireless Inc (PDVW) Stock

pdvWireless Inc (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. acquired 6,403 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were purchased at an average price of $31.93 per share, with a total value of $204,447.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Saturday, December 29th, Owl Creek Asset Management, L. acquired 200 shares of pdvWireless stock. The shares were purchased at an average price of $32.00 per share, with a total value of $6,400.00.
  • On Wednesday, December 6th, Owl Creek Asset Management, L. acquired 61,329 shares of pdvWireless stock. The shares were purchased at an average price of $31.98 per share, with a total value of $1,961,301.42.
  • On Friday, December 8th, Owl Creek Asset Management, L. acquired 99,409 shares of pdvWireless stock. The shares were purchased at an average price of $31.91 per share, with a total value of $3,172,141.19.
  • On Thursday, November 30th, Owl Creek Asset Management, L. acquired 76,417 shares of pdvWireless stock. The shares were purchased at an average price of $31.84 per share, with a total value of $2,433,117.28.
  • On Wednesday, November 15th, Owl Creek Asset Management, L. acquired 26,863 shares of pdvWireless stock. The shares were purchased at an average price of $30.54 per share, with a total value of $820,396.02.
  • On Thursday, November 9th, Owl Creek Asset Management, L. acquired 9,309 shares of pdvWireless stock. The shares were purchased at an average price of $29.95 per share, with a total value of $278,804.55.
  • On Monday, November 13th, Owl Creek Asset Management, L. purchased 19,578 shares of pdvWireless stock. The shares were bought at an average price of $29.61 per share, with a total value of $579,704.58.
  • On Friday, November 3rd, Owl Creek Asset Management, L. purchased 14,749 shares of pdvWireless stock. The shares were bought at an average price of $29.26 per share, with a total value of $431,555.74.
  • On Tuesday, November 7th, Owl Creek Asset Management, L. purchased 25,257 shares of pdvWireless stock. The shares were bought at an average price of $29.56 per share, with a total value of $746,596.92.

Shares of pdvWireless Inc (PDVW) opened at $32.90 on Friday. pdvWireless Inc has a 12-month low of $18.70 and a 12-month high of $36.00. The firm has a market cap of $460.57, a PE ratio of -12.65 and a beta of 0.51.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new stake in shares of pdvWireless during the third quarter valued at about $212,000. State Board of Administration of Florida Retirement System purchased a new position in shares of pdvWireless in the third quarter valued at approximately $215,000. The Manufacturers Life Insurance Company boosted its stake in shares of pdvWireless by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after purchasing an additional 448 shares during the period. Teachers Advisors LLC boosted its stake in shares of pdvWireless by 2.2% in the second quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock valued at $420,000 after purchasing an additional 391 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of pdvWireless by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock valued at $789,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

PDVW has been the subject of a number of recent analyst reports. BidaskClub cut shares of pdvWireless from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 21st. B. Riley reiterated a “buy” rating and set a $59.00 price target on shares of pdvWireless in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, October 18th. Finally, ValuEngine upgraded shares of pdvWireless from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.

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pdvWireless Company Profile

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.

Insider Buying and Selling by Quarter for pdvWireless (NASDAQ:PDVW)

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