GSA Capital Partners LLP Boosts Stock Position in Cambium Networks Co. (NASDAQ:CMBM)

GSA Capital Partners LLP increased its stake in shares of Cambium Networks Co. (NASDAQ:CMBM) by 266.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,369 shares of the company’s stock after purchasing an additional 149,326 shares during the quarter. GSA Capital Partners LLP owned approximately 0.73% of Cambium Networks worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Cambium Networks during the 1st quarter worth about $73,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cambium Networks in the 2nd quarter valued at about $52,000. Cubist Systematic Strategies LLC purchased a new stake in Cambium Networks in the 2nd quarter valued at about $187,000. Jacobs Levy Equity Management Inc. grew its holdings in Cambium Networks by 60.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 290,828 shares of the company’s stock valued at $1,253,000 after buying an additional 109,837 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Cambium Networks by 13.5% in the 2nd quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock valued at $851,000 after buying an additional 36,270 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CMBM. Roth Mkm lowered their price target on Cambium Networks from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th. Northland Securities lowered their price target on Cambium Networks from $5.00 to $3.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th.

Cambium Networks Price Performance

NASDAQ CMBM opened at $1.11 on Friday. The firm has a market capitalization of $31.35 million, a P/E ratio of -0.36 and a beta of 0.97. Cambium Networks Co. has a 1-year low of $1.06 and a 1-year high of $6.50. The business’s 50-day simple moving average is $1.46 and its 200-day simple moving average is $2.14.

About Cambium Networks

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.