Spok (NASDAQ:SPOK) Upgraded at ValuEngine

Spok (NASDAQ:SPOK) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, ValuEngine reports.

Separately, BidaskClub downgraded Spok from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 24th.

SPOK opened at $11.60 on Thursday. The business’s 50-day moving average price is $11.78 and its 200-day moving average price is $13.74. Spok has a 12 month low of $11.07 and a 12 month high of $17.25.

Spok (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported ($0.03) EPS for the quarter. The company had revenue of $39.53 million during the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%.

In related news, CEO Vincent D. Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.57, for a total transaction of $57,850.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.51% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Spok by 124.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 13,746 shares of the Wireless communications provider’s stock valued at $164,000 after purchasing an additional 7,633 shares during the period. Boston Partners purchased a new position in Spok during the 2nd quarter valued at about $933,000. UBS Asset Management Americas Inc. increased its holdings in Spok by 115.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,025 shares of the Wireless communications provider’s stock valued at $331,000 after purchasing an additional 11,825 shares during the period. Citadel Advisors LLC increased its holdings in Spok by 145.6% during the 2nd quarter. Citadel Advisors LLC now owns 51,116 shares of the Wireless communications provider’s stock valued at $768,000 after purchasing an additional 30,306 shares during the period. Finally, Morgan Stanley increased its holdings in Spok by 406.7% during the 2nd quarter. Morgan Stanley now owns 83,144 shares of the Wireless communications provider’s stock valued at $1,251,000 after purchasing an additional 66,735 shares during the period. Institutional investors own 85.16% of the company’s stock.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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