S. Muoio & CO. LLC acquired a new stake in shares of Straight Path Communications Inc (NASDAQ:STRP) during the second quarter, Holdings Channel reports. The fund acquired 5,000 shares of the company’s stock, valued at approximately $898,000.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. acquired a new stake in shares of Straight Path Communications during the second quarter valued at approximately $225,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Straight Path Communications during the second quarter valued at approximately $343,000. Kassirer Asset Management Corp purchased a new position in Straight Path Communications during the second quarter valued at about $808,000. Strs Ohio purchased a new position in Straight Path Communications during the second quarter valued at about $916,000. Finally, Candriam Luxembourg S.C.A. purchased a new position in Straight Path Communications during the second quarter valued at about $3,341,000.

Straight Path Communications Inc (NASDAQ STRP) opened at 178.70 on Wednesday. Straight Path Communications Inc has a 1-year low of $15.06 and a 1-year high of $235.88. The company has a 50 day moving average of $179.35 and a 200 day moving average of $120.62. The firm’s market capitalization is $2.27 billion.

Straight Path Communications (NASDAQ:STRP) last announced its earnings results on Friday, June 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.28. The firm had revenue of $0.17 million for the quarter, compared to analyst estimates of $0.17 million. During the same quarter in the previous year, the business posted $0.25 EPS. Analysts forecast that Straight Path Communications Inc will post ($3.19) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “S. Muoio & CO. LLC Takes Position in Straight Path Communications Inc (STRP)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/s-muoio-co-llc-takes-position-in-straight-path-communications-inc-strp/1494740.html.

In other news, major shareholder Howard S. Jonas sold 21,213 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.11, for a total transaction of $3,799,460.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Zhouyue Pi sold 21,139 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $179.68, for a total transaction of $3,798,255.52. Following the transaction, the insider now owns 102,500 shares in the company, valued at $18,417,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 434,562 shares of company stock worth $78,018,264.

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.

Want to see what other hedge funds are holding STRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Straight Path Communications Inc (NASDAQ:STRP).

Institutional Ownership by Quarter for Straight Path Communications (NASDAQ:STRP)

Receive News & Ratings for Straight Path Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Straight Path Communications Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.