Majesco Entertainment (NASDAQ:COOL) major shareholder Barry C. Honig bought 18,402 shares of the stock in a transaction dated Thursday, March 15th. The shares were purchased at an average price of $17.65 per share, for a total transaction of $324,795.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Majesco Entertainment stock traded down $0.38 during mid-day trading on Friday, reaching $18.24. 154,946 shares of the company were exchanged, compared to its average volume of 123,229. Majesco Entertainment has a 12 month low of $10.33 and a 12 month high of $32.63.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Majesco Entertainment by 41.3% during the 2nd quarter. Wells Fargo & Company MN now owns 5,650 shares of the company’s stock worth $131,000 after acquiring an additional 1,650 shares during the period. Ardsley Advisory Partners bought a new position in Majesco Entertainment during the 4th quarter worth $327,000. Advisor Group Inc. increased its stake in Majesco Entertainment by 133.6% during the 4th quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock worth $1,141,000 after acquiring an additional 28,130 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in Majesco Entertainment during the 4th quarter worth $1,507,000. Finally, Millennium Management LLC bought a new position in Majesco Entertainment during the 4th quarter worth $3,057,000. Hedge funds and other institutional investors own 10.94% of the company’s stock.
COOL has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on Majesco Entertainment in a research note on Wednesday, February 14th. They set an “overweight” rating and a $70.00 target price on the stock. ValuEngine upgraded Majesco Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, BidaskClub upgraded Majesco Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd.
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About Majesco Entertainment
PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.
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