ARK Investment Management LLC acquired a new stake in Cellcom Israel Ltd. (NYSE:CEL) in the fourth quarter, Holdings Channel reports. The fund acquired 26,332 shares of the technology company’s stock, valued at approximately $272,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Cellcom Israel in the fourth quarter valued at $150,000. Dimensional Fund Advisors LP grew its stake in shares of Cellcom Israel by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 78,732 shares of the technology company’s stock valued at $759,000 after buying an additional 3,102 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Cellcom Israel in the fourth quarter valued at $2,234,000. Vanguard Group Inc. grew its stake in shares of Cellcom Israel by 8.7% in the second quarter. Vanguard Group Inc. now owns 1,016,527 shares of the technology company’s stock valued at $9,800,000 after buying an additional 81,105 shares in the last quarter. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Cellcom Israel in the third quarter valued at $14,301,000. 7.04% of the stock is owned by institutional investors and hedge funds.
Shares of Cellcom Israel Ltd. (CEL) opened at $8.03 on Wednesday. Cellcom Israel Ltd. has a one year low of $7.84 and a one year high of $11.19. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $813.94, a price-to-earnings ratio of 24.33 and a beta of 2.00.
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Cellcom Israel Ltd. is engaged in the provision of cellular telephone services. The Company offers fixed-line services. The Company operates in two segments: Cellular and Fixed-line. The cellular segment includes the cellular communications services, end user cellular equipment and supplemental services.
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