UTStarcom Holdings Corp. (NASDAQ:UTSI) is now up 241.57% compared to a 12-month low of $1.66. We have seen the price to move -4.22% lower and get settled at $5.67 on 12/28/2017. At recent session, it appeared stuck in a range of $5.51 to $5.86. This company shares are -11.82% up from its target price of $5 and the current market capitalization stands at $201.97M. The recent change has given its price a 31.38% lead over SMA 50 and -12.9% deficit over its 52-week high. The stock witnessed 20.38% gains, 142.31% gains and 143.35% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UTSI’s volatility during a week at 4.81% and during a month it has been found around 6.49%.UTStarcom Holdings Corp. (UTSI) Top Holders
Institutional investors currently hold around $57 million or 35.3% in UTSI stock. Look at its top three institutional owners. Shah Capital Management owns $44.7 million in UTStarcom Holdings Corp., which represents roughly 22.13% of the company’s market cap and approximately 78.41% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 1,032,997 shares of the stock are valued at $6.12 million. The third largest holder is Schneider Capital Management Corp, which currently holds $3.06 million worth of this stock and that ownership represents nearly 1.51% of its market capitalization.
At the end of 09/30/2017 reporting period, 5 institutional holders increased their position in UTStarcom Holdings Corp. (NASDAQ:UTSI) by some 146,170 shares, 9 decreased positions by 233,638 and 15 held positions by 9,193,481. That puts total institutional holdings at 9,573,289 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 123,747 shares while 4 institutional investors sold out their entire positions totaling 151,320 shares.UTStarcom Holdings Corp. (NASDAQ:UTSI) Insider Trades
Multiple company employees have indulged in significant insider trading. UTStarcom Holdings Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Shah Capital Management has acquired 47,200 shares of UTStarcom Holdings Corp. (UTSI) in trading session dated Jun. 05, 2014. These shares are worth $122,720 and were traded at $2.6 each. The SEC filing shows that Shah Capital Management performed a purchase of 34,919 shares. The Director added these shares by way of transaction on Mar. 25, 2014. The company’s shares were assimilated at $2.56 per share worth to an investment of some $89,393 on account of Shah Capital Management.
10% Owner, Shah Capital Management, purchased 2,000,000 common shares of UTStarcom Holdings Corp. (UTSI) in the open market. In a transaction dated Mar. 11, 2014, the shares were bought at an average price of $2.67, giving away a sum of $5,340,000. After this purchase, 9,852,302 common shares of UTSI are directly owned by the insider, with total stake valued at $55,862,552.
In the transaction dated Jan. 17, 2014, the great number of shares disposed came courtesy the 10% Owner; Softbank America Inc disposed a total of 4,883,875 shares at an average price of $2.54, amounting to approximately $12,405,043.UTStarcom Holdings Corp. (UTSI) Analyst Guide
Not many analysts have released their opinion on UTStarcom Holdings Corp. (NASDAQ:UTSI), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.