Acadian Asset Management LLC decreased its stake in Cellcom Israel Ltd. (NYSE:CEL) by 23.9% during the second quarter, Holdings Channel reports. The firm owned 31,856 shares of the company’s stock after selling 10,023 shares during the period. Acadian Asset Management LLC’s holdings in Cellcom Israel were worth $209,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in Cellcom Israel by 38.2% in the first quarter. State Street Corp now owns 34,102 shares of the company’s stock worth $241,000 after buying an additional 9,429 shares during the last quarter. Norges Bank purchased a new position in Cellcom Israel during the fourth quarter worth about $13,099,000. Finally, Renaissance Technologies LLC raised its position in Cellcom Israel by 0.6% in the first quarter. Renaissance Technologies LLC now owns 3,624,600 shares of the company’s stock worth $25,590,000 after buying an additional 22,800 shares during the last quarter. Institutional investors own 7.51% of the company’s stock.
Shares of Cellcom Israel Ltd. (NYSE:CEL) traded up 0.26% during mid-day trading on Friday, reaching $7.71. 14,008 shares of the company’s stock were exchanged. The stock has a market cap of $775.66 million, a price-to-earnings ratio of 18.36 and a beta of 1.82. The stock’s 50-day moving average is $7.52 and its 200-day moving average is $7.23. Cellcom Israel Ltd. has a 52-week low of $5.70 and a 52-week high of $8.52.
Cellcom Israel (NYSE:CEL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.02. Cellcom Israel had a return on equity of 13.25% and a net margin of 3.93%. On average, equities analysts expect that Cellcom Israel Ltd. will post $1.16 EPS for the current year.
Separately, Barclays PLC initiated coverage on shares of Cellcom Israel in a research note on Monday, July 18th. They issued an “overweight” rating on the stock.
Cellcom Israel Company Profile
Cellcom Israel Ltd. is a provider of cellular communications services. The Company offers a range of cellular services through its second-generation (2G), third-generation (3G) and fourth-generation (4G) cellular networks. These services include basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services.
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