Kahn Brothers Group Inc. DE decreased its holdings in Straight Path Communications Inc (NYSEAMERICAN:STRP) by 68.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,950 shares of the technology company’s stock after selling 38,218 shares during the quarter. Straight Path Communications makes up 0.5% of Kahn Brothers Group Inc. DE’s portfolio, making the stock its 20th biggest position. Kahn Brothers Group Inc. DE owned 0.15% of Straight Path Communications worth $3,263,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in STRP. California State Teachers Retirement System increased its holdings in Straight Path Communications by 3.1% in the third quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock valued at $2,834,000 after buying an additional 469 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Straight Path Communications in the third quarter valued at about $235,000. Schwab Charles Investment Management Inc. increased its holdings in Straight Path Communications by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 39,015 shares of the technology company’s stock valued at $7,093,000 after buying an additional 1,548 shares during the last quarter. Havens Advisors LLC increased its holdings in Straight Path Communications by 9.4% in the fourth quarter. Havens Advisors LLC now owns 70,000 shares of the technology company’s stock valued at $12,725,000 after buying an additional 6,000 shares during the last quarter. Finally, Cowen Inc. grew its holdings in shares of Straight Path Communications by 319.9% during the third quarter. Cowen Inc. now owns 183,437 shares of the technology company’s stock valued at $33,142,000 after purchasing an additional 139,755 shares during the last quarter.
Straight Path Communications Inc (NYSEAMERICAN STRP) opened at $183.35 on Friday. Straight Path Communications Inc has a fifty-two week low of $26.89 and a fifty-two week high of $235.88. The stock has a market capitalization of $2,340.00, a P/E ratio of -41.11 and a beta of -1.92.
In other news, Director K Chris Todd sold 7,700 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $181.76, for a total transaction of $1,399,552.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Davidi Jonas sold 131,337 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $181.41, for a total value of $23,825,845.17. The disclosure for this sale can be found here. Insiders sold a total of 159,037 shares of company stock valued at $28,865,911 over the last three months.
Separately, BidaskClub lowered Straight Path Communications from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th.
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About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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