14,151 Shares in Pendrell Corporation (PCO) Acquired by Teachers Advisors LLC
Teachers Advisors LLC purchased a new position in Pendrell Corporation (NASDAQ:PCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,151 shares of the business services provider’s stock, valued at approximately $102,000. Teachers Advisors LLC owned approximately 0.06% of Pendrell Corporation as of its most recent filing with the Securities and Exchange Commission.
Separately, Schwab Charles Investment Management Inc. increased its holdings in Pendrell Corporation by 113.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,264 shares of the business services provider’s stock worth $415,000 after acquiring an additional 30,404 shares in the last quarter. 32.22% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet raised shares of Pendrell Corporation from a “d” rating to a “c-” rating in a report on Monday, October 30th.
In other Pendrell Corporation news, major shareholder James D. Dondero bought 1,408,534 shares of the stock in a transaction on Saturday, September 30th. The shares were bought at an average price of $6.83 per share, with a total value of $9,620,287.22. Following the purchase, the insider now directly owns 704,267 shares in the company, valued at approximately $4,810,143.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder James D. Dondero sold 17,919 shares of Pendrell Corporation stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $6.65, for a total transaction of $119,161.35. The disclosure for this sale can be found here. Insiders own 41.46% of the company’s stock.
Shares of Pendrell Corporation (NASDAQ:PCO) opened at $6.68 on Friday. The company has a market cap of $163.48, a price-to-earnings ratio of 23.03 and a beta of 0.91. Pendrell Corporation has a 1-year low of $5.89 and a 1-year high of $7.61.
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Pendrell Corporation Company Profile
Pendrell Corporation is engaged in the business of licensing and selling intellectual property (IP) rights to others. The Company invests in, acquires and monetizes IP rights. The Company’s subsidiaries hold patents that support over four IP licensing programs that it owns and manages, such as digital media, digital cinema, wireless technologies, and memory and storage technologies.
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