Legal & General Group Plc Boosts Stake in Straight Path Communications Inc (NASDAQ:STRP)

Legal & General Group Plc boosted its holdings in shares of Straight Path Communications Inc (NASDAQ:STRP) by 37.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,207 shares of the company’s stock after purchasing an additional 596 shares during the quarter. Legal & General Group Plc’s holdings in Straight Path Communications were worth $396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Straight Path Communications in the 2nd quarter worth approximately $11,192,000. Candriam Luxembourg S.C.A. acquired a new position in shares of Straight Path Communications in the 2nd quarter worth approximately $3,341,000. Strs Ohio acquired a new position in Straight Path Communications during the 2nd quarter valued at approximately $916,000. S. Muoio & CO. LLC acquired a new position in Straight Path Communications during the 2nd quarter valued at approximately $898,000. Finally, Kassirer Asset Management Corp acquired a new position in Straight Path Communications during the 2nd quarter valued at approximately $808,000.

In other Straight Path Communications news, major shareholder Howard S. Jonas sold 21,213 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.11, for a total value of $3,799,460.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Fred S. Zeidman sold 3,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $181.47, for a total transaction of $544,410.00. The disclosure for this sale can be found here.

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Straight Path Communications Inc (STRP) opened at 182.02 on Tuesday. Straight Path Communications Inc has a 52-week low of $21.85 and a 52-week high of $235.88. The firm’s market cap is $2.32 billion. The company’s 50-day moving average price is $180.45 and its 200-day moving average price is $165.25.

About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

Institutional Ownership by Quarter for Straight Path Communications (NASDAQ:STRP)

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