BidaskClub Lowers Spok (SPOK) to Buy

Share on StockTwits

Spok (NASDAQ:SPOK) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Shares of SPOK stock traded up $0.09 during trading hours on Thursday, hitting $13.84. 84,700 shares of the company’s stock were exchanged, compared to its average volume of 64,714. The stock has a market capitalization of $268.69 million, a PE ratio of 138.10 and a beta of 0.57. Spok has a 52 week low of $12.21 and a 52 week high of $16.15.

In related news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $13.91, for a total value of $139,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management Inc. boosted its holdings in Spok by 2.8% in the third quarter. Bridgeway Capital Management Inc. now owns 309,664 shares of the Wireless communications provider’s stock valued at $4,769,000 after acquiring an additional 8,500 shares during the last quarter. Paloma Partners Management Co bought a new position in Spok in the third quarter valued at about $433,000. Schwab Charles Investment Management Inc. boosted its holdings in Spok by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 104,828 shares of the Wireless communications provider’s stock valued at $1,578,000 after acquiring an additional 3,447 shares during the last quarter. BlackRock Inc. boosted its holdings in Spok by 6.0% in the second quarter. BlackRock Inc. now owns 3,117,215 shares of the Wireless communications provider’s stock valued at $46,914,000 after acquiring an additional 176,639 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Spok in the third quarter valued at about $357,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

Read More: Tariff

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



Latest News

Dorado Market Capitalization Achieves $58,502.00
Dorado Market Capitalization Achieves $58,502.00
Superior Coin  Market Capitalization Hits $0.00
Superior Coin Market Capitalization Hits $0.00
Rock Achieves Market Capitalization of $6.51 Million
Rock Achieves Market Capitalization of $6.51 Million
Babcock & Wilcox Enterprises  Shares Gap Down to $0.37
Babcock & Wilcox Enterprises Shares Gap Down to $0.37
VF Corp  Expected to Post Quarterly Sales of $3.20 Billion
VF Corp Expected to Post Quarterly Sales of $3.20 Billion
Zacks: United Fire Group, Inc.  Receives Average Recommendation of “Hold” from Analysts
Zacks: United Fire Group, Inc. Receives Average Recommendation of “Hold” from Analysts


© 2006-2019 Ticker Report