Quest Partners LLC lifted its position in shares of IDT Co. (NYSE:IDT – Free Report) by 57.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,499 shares of the utilities provider’s stock after purchasing an additional 2,727 shares during the quarter. Quest Partners LLC’s holdings in IDT were worth $269,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in shares of IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 624 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of IDT by 58.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,387 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 1,250 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of IDT during the first quarter worth $254,000. Aristides Capital LLC acquired a new stake in shares of IDT during the first quarter worth $268,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of IDT by 35.5% during the second quarter. Harbor Capital Advisors Inc. now owns 7,648 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 2,002 shares during the period. 59.34% of the stock is owned by institutional investors.
IDT Stock Up 2.4 %
Shares of NYSE:IDT opened at $37.70 on Friday. IDT Co. has a 12 month low of $21.64 and a 12 month high of $41.58. The company’s fifty day simple moving average is $36.98 and its 200 day simple moving average is $37.36. The firm has a market cap of $955.32 million, a price-to-earnings ratio of 26.93 and a beta of 0.79.
Insider Buying and Selling
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.
View Our Latest Research Report on IDT
About IDT
IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.
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