Renaissance Technologies LLC raised its position in shares of Partner Communications Company Ltd. (NASDAQ:PTNR) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,672,200 shares of the Wireless communications provider’s stock after buying an additional 7,600 shares during the period. Renaissance Technologies LLC owned approximately 1.70% of Partner Communications worth $13,973,000 as of its most recent filing with the SEC.
Separately, Harel Insurance Investments & Financial Services Ltd. bought a new position in Partner Communications during the first quarter worth $434,000. Institutional investors own 2.00% of the company’s stock.
Partner Communications Company Ltd. (NASDAQ PTNR) traded down 4.19% on Tuesday, reaching $4.80. The company had a trading volume of 8,565 shares. The firm has a market capitalization of $753.63 million, a P/E ratio of 30.38 and a beta of 1.80. Partner Communications Company Ltd. has a 1-year low of $4.11 and a 1-year high of $6.41. The company’s 50-day moving average price is $5.10 and its 200 day moving average price is $5.41.
Partner Communications (NASDAQ:PTNR) last announced its quarterly earnings results on Monday, May 22nd. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Partner Communications had a net margin of 2.70% and a return on equity of 8.13%. The company had revenue of $221 million for the quarter. On average, equities analysts forecast that Partner Communications Company Ltd. will post $3.25 EPS for the current year.
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PTNR has been the topic of several recent analyst reports. Roth Capital assumed coverage on Partner Communications in a research note on Friday, July 7th. They issued a “buy” rating and a $16.00 price target on the stock. BidaskClub cut Partner Communications from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
About Partner Communications
Partner Communications Company Ltd. is a telecommunications company. The Company is engaged in the business of cellular telephony, provided on its second generation (2G), third generation (3G) and fourth generation (4G) networks. It operates through two segments: cellular segment and fixed-line segment.
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