B Communications Ltd. (NASDAQ:BCOM) Posts Earnings Results

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

Shares of B Communications (NASDAQ BCOM) remained flat at $14.41 during mid-day trading on Friday. 907 shares of the company were exchanged. The company’s market capitalization is $429.43 million. B Communications has a 12-month low of $12.20 and a 12-month high of $24.27. The company’s 50 day moving average is $14.41 and its 200-day moving average is $17.95.

A number of hedge funds and other institutional investors have recently made changes to their positions in BCOM. Acadian Asset Management LLC increased its position in 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 buying an additional 8,452 shares during the last quarter. Swiss National Bank increased its position in B Communications by 40.7% during the second quarter. Swiss National Bank now owns 19,903 shares of the utilities provider’s stock worth $345,000 after buying an additional 5,755 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in 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 buying an additional 3,950 shares during the last quarter. Alliancebernstein L.P. increased its position in 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 last quarter. Finally, Vanguard Group Inc. increased its position in 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 buying an additional 2,809 shares during the last quarter. 2.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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