B Communications Ltd. (BCOM) Issues Quarterly Earnings Results

B Communications Ltd. (NASDAQ:BCOM) released its quarterly earnings data on Thursday, August 31st. The utilities provider reported $0.43 EPS for the quarter, Morningstar.com reports. B Communications had a negative net margin of 1.59% and a positive return on equity of 0.46%. The business had revenue of $705.00 million during the quarter.

B Communications (BCOM) remained flat at $14.41 during midday trading on Friday. The stock had a trading volume of 907 shares. B Communications has a 12 month low of $12.20 and a 12 month high of $24.27. The firm’s 50-day moving average is $14.41 and its 200-day moving average is $17.95. The firm’s market capitalization is $429.43 million.

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of B Communications by 75.9% during the second quarter. Acadian Asset Management LLC now owns 19,588 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 8,452 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of B Communications by 21.6% during the second quarter. Goldman Sachs Group Inc. now owns 12,504 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 2,221 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of B Communications by 1.5% during the second quarter. Vanguard Group Inc. now owns 190,985 shares of the utilities provider’s stock worth $3,284,000 after purchasing an additional 2,809 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of B Communications by 27.4% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 18,350 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of B Communications by 8.2% during the second quarter. Alliancebernstein L.P. now owns 50,340 shares of the utilities provider’s stock worth $866,000 after buying an additional 3,800 shares during the period. 2.95% of the stock is currently owned by institutional investors and hedge funds.

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About B Communications

B Communications Ltd. is focused on the telecommunications industry. The Company’s principal asset is its ownership interest in Bezeq The Israel Telecommunications Corp. Ltd. (Bezeq), a provider of communications services in Israel. Bezeq and its subsidiaries operate through segments, including Bezeq, which offers fixed-line telephony services and fixed-line broadband Internet infrastructure access; Pelephone, which offers cellular telephony services; Bezeq International, which offers Internet service provider (ISP) and international telephony (ILD) services, and DBS, which offers pay television services.

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