IDT (IDT) Shares Up 5.7%

IDT Co. (NYSE:IDT)’s share price shot up 5.7% on Thursday . The company traded as high as $7.91 and last traded at $7.83. 1,256,141 shares traded hands during trading, an increase of 411% from the average session volume of 245,696 shares. The stock had previously closed at $7.41.

Separately, TheStreet raised shares of IDT from a “d” rating to a “c” rating in a research report on Tuesday.

In related news, Director Judah Schorr acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were acquired at an average cost of $5.45 per share, with a total value of $109,000.00. Following the transaction, the director now owns 107,620 shares of the company’s stock, valued at approximately $586,529. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position in IDT by 34.1% in the 1st quarter. California Public Employees Retirement System now owns 42,994 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 10,927 shares in the last quarter. Jane Street Group LLC lifted its position in IDT by 76.9% in the 2nd quarter. Jane Street Group LLC now owns 28,546 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 12,409 shares in the last quarter. UBS Group AG lifted its position in IDT by 65.5% in the 1st quarter. UBS Group AG now owns 47,532 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 18,806 shares in the last quarter. A.R.T. Advisors LLC lifted its position in IDT by 164.0% in the 1st quarter. A.R.T. Advisors LLC now owns 33,964 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 21,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in IDT by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,501 shares of the utilities provider’s stock valued at $9,910,000 after acquiring an additional 21,978 shares in the last quarter. 41.91% of the stock is currently owned by institutional investors and hedge funds.

IDT Company Profile (NYSE:IDT)

IDT Corporation, through its subsidiaries, operates primarily in the telecommunications and payment industries in the United States and internationally. It operates in three segments: Telecom Platform Services, Unified Communications as a Service, and Consumer Phone Services. The Telecom Platform Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; payment offerings, such as international and domestic airtime top-up, and international money transfer services; and wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers.

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