Stock Price Action: Shanghai Phicomm Communication Co Just Disclosed New Utstarcom Holdings Corp Position

Stock Price Action: Shanghai Phicomm Communication Co Just Disclosed New Utstarcom Holdings Corp Position

The New Shanghai Phicomm Communication Co Holding in Utstarcom Holdings Corp

Shanghai Phicomm Communication Co filed with the SEC SC 13D/A form for Utstarcom Holdings Corp. The form can be accessed here: 000101905616001628. As reported in Shanghai Phicomm Communication Co’s form, the filler as of late owns 13.7% or 5,000,000 shares of the Information Technology–company.

Utstarcom Holdings Corp stake is a new one for the and it was filed because of activity on October 31, 2016. We feel this shows Shanghai Phicomm Communication Co’s positive view for the stock.

Utstarcom Holdings Corp Institutional Sentiment

Latest Security and Exchange filings show 22 investors own Utstarcom Holdings Corp. The institutional ownership in Q3 2015 is low, at 3.63% of the outstanding shares. This is decreased by 534417 the total institutional shares. 1334089 were the shares owned by these institutional investors. In total 5 funds opened new Utstarcom Holdings Corp stakes, 2 increased stakes. There were 6 that closed positions and 4 reduced them.

Thomas Lenox Kempner Davidson D A & Company is an institutional investor bullish on Utstarcom Holdings Corp, owning 566 shares as of Q3 2015 for less than 0.01% of its portfolio. Pinnacle Summer Investments Inc owns 166 shares or less than 0.01% of its portfolio. CA Brandes Investment Partners Lp have less than 0.01% of their stock portfolio for 42789 shares. Further, Tower Research Capital Llc Trc reported stake worth 0.01% of its US stock portfolio. The PA Schneider Capital Management Corp owns 469008 shares. Utstarcom Holdings Corp is 0.24% of the manager’s US portfolio.

Business Profile

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment. The broadband product lines include family of packet transport network (PTN) products based on multi-protocol label switch transport profile (MPLS-TP) and carrier Ethernet (CE) technologies enhanced through in-house software-defined networking (SDN) platform to support the network evolution, and multi services access network (MSAN) platform. Wireless broadband access is represented by end-to-end Carrier Wi-Fi solution.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.02, from 1.1 in 2016Q1. The ratio dropped, as 7 funds sold all UTStarcom Holdings Corp shares owned while 5 reduced positions. 6 funds bought stakes while 7 increased positions. They now own 1.63 million shares or 14.65% more from 1.42 million shares in 2016Q1.

Northern Trust, a Illinois-based fund reported 17,926 shares. Wells Fargo Com Mn has 0% invested in the company for 73,355 shares. Ladenburg Thalmann Inc holds 0% or 477 shares in its portfolio. The New York-based Morgan Stanley has invested 0% in UTStarcom Holdings Corp (NASDAQ:UTSI). Citadel Advsrs Limited Liability Company accumulated 28,483 shares or 0% of the stock. Creative Planning holds 50,200 shares or 0% of its portfolio. Tfs Limited Company owns 20,927 shares or 0.01% of their US portfolio. Da Davidson And, a Montana-based fund reported 566 shares. Schneider Capital Management Corp has invested 0.17% of its portfolio in UTStarcom Holdings Corp (NASDAQ:UTSI). Renaissance Ltd Liability last reported 679,631 shares in the company. The New York-based Spark Mngmt Limited Liability Corp has invested 0% in UTStarcom Holdings Corp (NASDAQ:UTSI). Susquehanna Group Limited Liability Partnership holds 0% of its portfolio in UTStarcom Holdings Corp (NASDAQ:UTSI) for 45,143 shares. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 4,988 shares. Geode Cap Management Lc owns 11,924 shares or 0% of their US portfolio. Royal Financial Bank Of Canada has 709 shares for 0% of their US portfolio.

Analysts await UTStarcom Holdings Corp (NASDAQ:UTSI) to report earnings on November, 14. They expect $0.01 earnings per share, up 107.14% or $0.15 from last year’s $-0.14 per share. UTSI’s profit will be $360,969 for 49.00 P/E if the $0.01 EPS becomes a reality. After $0.13 actual earnings per share reported by UTStarcom Holdings Corp for the previous quarter, Wall Street now forecasts -92.31% negative EPS growth.

The stock decreased 2.00% or $0.04 on November 8, hitting $1.96. About 18,504 shares traded hands. UTStarcom Holdings Corp (NASDAQ:UTSI) has declined 1.96% since April 6, 2016 and is downtrending. It has underperformed by 5.10% the S&P500.

UTStarcom Holdings Corp. provides broadband products, solution and services. The company has a market cap of $70.75 million. The Firm delivers broadband transport and access and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. It currently has negative earnings. The Company’s divisions include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

More news for UTStarcom Holdings Corp (NASDAQ:UTSI) were recently published by: Streetinsider.com, which released: “Form 6-K UTSTARCOM HOLDINGS CORP. For: Nov 08” on November 08, 2016. Marketwatch.com‘s article titled: “UTStarcom Holdings Corp.” and published on December 21, 2009 is yet another important article.

According to Zacks Investment Research, “UTStarcom Holdings Corp. is engaged in providing interactive Protocol based network solutions. The Company also provides integration and support services in Internet Protocol TV, Interactive TV, Internet TV and Broadband for cable and telecom operators. It designs and sells IP-based telecommunications infrastructure products including its primary product suite of IPTV, and broadband solutions along with the services relating to the installation, operation and maintenance of these products. UTStarcom Holdings Corp., formerly known as UTStarcom, Inc., is headquartered in Beijing, China.”

UTSI Company Profile

UTStarcom Holdings Corp., incorporated in April 1, 2011, is engaged in providing broadband products, solution and services. The Firm is a global telecom infrastructure provider, and is focused on delivering broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. The Company’s divisions include Equipment and Services. The broadband product lines include family of packet transport network (PTN) products based on multi-protocol label switch transport profile (MPLS-TP) and carrier Ethernet (CE) technologies enhanced through in-house software-defined networking (SDN) platform to support the network evolution, and multi services access network (MSAN) platform. Wireless broadband access is represented by end-to-end Carrier Wi-Fi solution.

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