816,219 Shares in SatixFy Communications Ltd. $SATX Bought by ARK Investment Management LLC

ARK Investment Management LLC acquired a new stake in SatixFy Communications Ltd. (NYSEAMERICAN:SATX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 816,219 shares of the company’s stock, valued at approximately $2,392,000. ARK Investment Management LLC owned approximately 0.95% of SatixFy Communications at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of Wyoming acquired a new position in SatixFy Communications in the first quarter valued at $31,000. XTX Topco Ltd boosted its stake in SatixFy Communications by 85.8% in the first quarter. XTX Topco Ltd now owns 39,533 shares of the company’s stock valued at $47,000 after acquiring an additional 18,256 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new position in SatixFy Communications in the second quarter valued at $1,205,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

SatixFy Communications Price Performance

NYSEAMERICAN SATX opened at $2.96 on Thursday. SatixFy Communications Ltd. has a 1 year low of $0.60 and a 1 year high of $2.99. The company has a market capitalization of $253.58 million, a PE ratio of -5.69 and a beta of 0.72. The company has a fifty day moving average of $2.96 and a two-hundred day moving average of $2.73.

SatixFy Communications Company Profile

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.