PC Tel Inc (NASDAQ:PCTI) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its stake in PC Tel Inc (NASDAQ:PCTI) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,769 shares of the Wireless communications provider’s stock after purchasing an additional 46,500 shares during the period. Royce & Associates LP owned about 1.43% of PC Tel worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. OxFORD Asset Management LLP boosted its holdings in PC Tel by 92.3% in the third quarter. OxFORD Asset Management LLP now owns 43,023 shares of the Wireless communications provider’s stock worth $271,000 after acquiring an additional 20,650 shares in the last quarter. Citadel Advisors LLC bought a new stake in PC Tel in the third quarter worth $101,000. JPMorgan Chase & Co. lifted its holdings in shares of PC Tel by 138.8% during the third quarter. JPMorgan Chase & Co. now owns 46,198 shares of the Wireless communications provider’s stock valued at $291,000 after purchasing an additional 26,851 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in shares of PC Tel by 12.0% during the third quarter. Chartwell Investment Partners LLC now owns 1,719,342 shares of the Wireless communications provider’s stock valued at $10,831,000 after purchasing an additional 184,135 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of PC Tel during the third quarter valued at $426,000. 73.43% of the stock is currently owned by hedge funds and other institutional investors.

Separately, B. Riley reaffirmed a “buy” rating and set a $8.50 price target on shares of PC Tel in a report on Thursday, November 9th.

In related news, Director Brian J. Jackman sold 10,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $7.21, for a total transaction of $72,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.46% of the stock is currently owned by corporate insiders.

PC Tel Inc (NASDAQ PCTI) traded down $0.25 during trading on Friday, reaching $7.58. The company had a trading volume of 54,725 shares, compared to its average volume of 27,433. The stock has a market capitalization of $138.81, a PE ratio of -26.14 and a beta of 0.66. PC Tel Inc has a 12 month low of $5.11 and a 12 month high of $8.48.

PC Tel (NASDAQ:PCTI) last issued its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. PC Tel had a positive return on equity of 2.14% and a negative net margin of 4.86%. The business had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $23.11 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. equities analysts predict that PC Tel Inc will post 0.12 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “PC Tel Inc (NASDAQ:PCTI) Shares Bought by Royce & Associates LP” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.thelincolnianonline.com/2018/01/13/pc-tel-inc-pcti-position-increased-by-royce-associates-lp-updated-updated.html.

PC Tel Company Profile

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

Institutional Ownership by Quarter for PC Tel (NASDAQ:PCTI)

Receive News & Ratings for PC Tel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Tel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply