Sequans Communications S.A. (SQNS) loses confidence of 10 institutional holders

Sequans Communications S.A. (NYSE:SQNS) marched up 3.64% compared to a 52-week low price of $1.65. The shares were last seen trading -5.52% lower, taking the closing price at $1.71 on 12/06/2017. At recent session, the prices were hovering between $1.68 and $1.82. This company shares are 129.24% off its target price of $3.92 and the current market capitalization stands at $143.88M. The recent change has given its price a -16.35% deficit over SMA 50 and -64% deficit over its 52-week high. The stock witnessed -9.52% declines, -48.49% declines and -59.38% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SQNS’s volatility during a week at 5.17% and during a month it has been found around 5.73%.

Sequans Communications S.A. (SQNS) Top Holders

Institutional investors currently hold around $46 million or 43.4% in SQNS stock. Look at its top three institutional owners. Awm Investment Company, Inc. owns $13.99 million in Sequans Communications S.A., which represents roughly 9.72% of the company’s market cap and approximately 30.4% of the institutional ownership. Similar statistics are true for the second largest owner, Nokomis Capital, L.L.C., which owns 4,500,713 shares of the stock are valued at $8.15 million. The third largest holder is Yiheng Capital Llc, which currently holds $4.23 million worth of this stock and that ownership represents nearly 2.94% of its market capitalization.

Sequans Communications S.A. 13F Filings

At the end of 09/30/2017 reporting period, 18 institutional holders increased their position in Sequans Communications S.A. (NYSE:SQNS) by some 2,102,658 shares, 17 decreased positions by 1,934,208 and 9 held positions by 21,120,021. That puts total institutional holdings at 25,156,887 shares, according to SEC filings. The stock grabbed 5 new institutional investments totaling 917,671 shares while 10 institutional investors sold out their entire positions totaling 1,330,669 shares.

Sequans Communications S.A. (SQNS) Analyst Guide

Several analysts have released their opinion on Sequans Communications S.A. (NYSE:SQNS), with 5 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.17 average brokerage recommendation.

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