pdvWireless, Inc. (PDVW) Major Shareholder Owl Creek Asset Management, L. Acquires 76,417 Shares of Stock

pdvWireless, Inc. (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. purchased 76,417 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were purchased at an average price of $31.84 per share, for a total transaction of $2,433,117.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, November 15th, Owl Creek Asset Management, L. purchased 26,863 shares of pdvWireless stock. The shares were purchased at an average price of $30.54 per share, for a total transaction of $820,396.02.
  • On Thursday, November 9th, Owl Creek Asset Management, L. purchased 9,309 shares of pdvWireless stock. The shares were purchased at an average price of $29.95 per share, for a total transaction of $278,804.55.
  • On Monday, November 13th, Owl Creek Asset Management, L. purchased 19,578 shares of pdvWireless stock. The shares were purchased at an average price of $29.61 per share, for a total transaction of $579,704.58.
  • On Friday, November 3rd, Owl Creek Asset Management, L. acquired 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. acquired 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.

pdvWireless, Inc. (NASDAQ PDVW) opened at $32.35 on Tuesday. pdvWireless, Inc. has a one year low of $18.70 and a one year high of $36.00.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP purchased a new position in pdvWireless during the third quarter valued at $212,000. Schwab Charles Investment Management Inc. raised its stake in shares of pdvWireless by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 35,766 shares of the wireless provider’s stock worth $1,066,000 after purchasing an additional 1,914 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of pdvWireless in the third quarter worth $215,000. The Manufacturers Life Insurance Company raised 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 worth $190,000 after purchasing an additional 448 shares during the last quarter. Finally, State Street Corp raised its stake in shares of pdvWireless by 6.4% in the second quarter. State Street Corp now owns 200,591 shares of the wireless provider’s stock worth $4,674,000 after purchasing an additional 12,020 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

PDVW has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $59.00 price objective on shares of pdvWireless in a research note on Wednesday, November 8th. Zacks Investment Research upgraded pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, October 18th. BidaskClub upgraded pdvWireless from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded pdvWireless from a “sell” rating to a “hold” rating in a research note on Monday, August 7th.

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About pdvWireless

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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