Russell Investments Group Ltd. grew its holdings in PC Tel Inc (NASDAQ:PCTI) by 67.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 255,252 shares of the Wireless communications provider’s stock after acquiring an additional 102,692 shares during the period. Russell Investments Group Ltd.’s holdings in PC Tel were worth $1,593,000 at the end of the most recent quarter.

Separately, Deprince Race & Zollo Inc. boosted its holdings in shares of PC Tel by 8.9% during the second quarter. Deprince Race & Zollo Inc. now owns 588,783 shares of the Wireless communications provider’s stock worth $3,674,000 after purchasing an additional 47,943 shares during the period. 75.47% of the stock is owned by institutional investors and hedge funds.

NASDAQ PCTI opened at $4.61 on Thursday. The company has a market capitalization of $84.79 million, a price-to-earnings ratio of 46.10 and a beta of 0.25. PC Tel Inc has a 12-month low of $4.01 and a 12-month high of $7.85.

Several analysts recently commented on the stock. ValuEngine cut shares of PC Tel from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. TheStreet cut shares of PC Tel from a “b” rating to a “c+” rating in a report on Monday, July 9th. Zacks Investment Research cut shares of PC Tel from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Lake Street Capital cut shares of PC Tel from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $6.00 in a report on Thursday, August 9th. Finally, B. Riley upgraded shares of PC Tel from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $8.50 to $4.50 in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. PC Tel presently has a consensus rating of “Hold” and a consensus target price of $6.25.

PC Tel Company Profile

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

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

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