Owl Creek Asset Management, L. Acquires 7,132 Shares of pdvWireless Inc (PDVW) Stock

pdvWireless Inc (NASDAQ:PDVW) major shareholder Owl Creek Asset Management, L. bought 7,132 shares of pdvWireless stock in a transaction that occurred on Wednesday, January 10th. The shares were acquired at an average price of $31.97 per share, for a total transaction of $228,010.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares 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 stock was purchased at an average price of $32.00 per share, for a total transaction of $6,400.00.
  • On Wednesday, January 3rd, Owl Creek Asset Management, L. acquired 6,403 shares of pdvWireless stock. The stock was purchased at an average price of $31.93 per share, for a total transaction of $204,447.79.
  • On Wednesday, December 6th, Owl Creek Asset Management, L. acquired 61,329 shares of pdvWireless stock. The stock was purchased at an average price of $31.98 per share, for a total transaction of $1,961,301.42.
  • On Friday, December 8th, Owl Creek Asset Management, L. acquired 99,409 shares of pdvWireless stock. The stock was purchased at an average price of $31.91 per share, for a total transaction of $3,172,141.19.
  • On Thursday, November 30th, Owl Creek Asset Management, L. acquired 76,417 shares of pdvWireless stock. The stock was purchased at an average price of $31.84 per share, for a total transaction of $2,433,117.28.
  • On Wednesday, November 15th, Owl Creek Asset Management, L. acquired 26,863 shares of pdvWireless stock. The stock was 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. acquired 9,309 shares of pdvWireless stock. The stock was 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. acquired 19,578 shares of pdvWireless stock. The stock was 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 stock was purchased at an average price of $29.26 per share, for a total transaction of $431,555.74.
  • On Tuesday, November 7th, Owl Creek Asset Management, L. acquired 25,257 shares of pdvWireless stock. The stock was purchased at an average price of $29.56 per share, for a total transaction of $746,596.92.

pdvWireless Inc (NASDAQ PDVW) traded up $0.35 during trading on Friday, hitting $33.85. The stock had a trading volume of 6,608 shares, compared to its average volume of 11,856. The stock has a market cap of $488.00 and a P/E ratio of -13.07. pdvWireless Inc has a 52 week low of $18.70 and a 52 week high of $36.00.

A number of equities analysts have recently commented on PDVW shares. B. Riley restated a “buy” rating and issued a $59.00 price objective on shares of pdvWireless in a report on Thursday, October 5th. ValuEngine downgraded pdvWireless from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Zacks Investment Research upgraded pdvWireless from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, October 18th. Finally, BidaskClub upgraded pdvWireless from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th.

Several large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of pdvWireless by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,852 shares of the wireless provider’s stock valued at $789,000 after buying an additional 209 shares during the period. Teachers Advisors LLC raised its holdings in shares of pdvWireless by 2.2% during the 2nd quarter. Teachers Advisors LLC now owns 18,031 shares of the wireless provider’s stock valued at $420,000 after buying an additional 391 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of pdvWireless by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,171 shares of the wireless provider’s stock valued at $190,000 after buying an additional 448 shares during the period. Northern Trust Corp raised its holdings in shares of pdvWireless by 2.4% during the 2nd quarter. Northern Trust Corp now owns 118,630 shares of the wireless provider’s stock valued at $2,765,000 after buying an additional 2,768 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of pdvWireless during the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

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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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