Gamco Investors INC. ET AL acquired a new stake in Array Digital Infrastructure Inc. (NYSE:AD – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 964,561 shares of the company’s stock, valued at approximately $51,720,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new stake in Array Digital Infrastructure in the 4th quarter valued at about $76,634,000. Gabelli Funds LLC purchased a new stake in Array Digital Infrastructure in the 4th quarter valued at about $29,649,000. Aberdeen Group plc purchased a new stake in Array Digital Infrastructure in the 4th quarter valued at about $15,528,000. State of Alaska Department of Revenue purchased a new stake in Array Digital Infrastructure in the 4th quarter valued at about $5,187,000. Finally, UBS Group AG purchased a new stake in Array Digital Infrastructure in the 4th quarter valued at about $2,816,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on AD shares. Raymond James Financial lowered shares of Array Digital Infrastructure from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Wells Fargo & Company reduced their price objective on shares of Array Digital Infrastructure from $62.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Royal Bank Of Canada lowered shares of Array Digital Infrastructure from an “outperform” rating to a “sector perform” rating and set a $52.00 price objective on the stock. in a report on Tuesday, May 12th. Wall Street Zen lowered shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of Array Digital Infrastructure from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Array Digital Infrastructure has a consensus rating of “Hold” and a consensus target price of $54.00.
Array Digital Infrastructure Stock Up 0.2%
Shares of NYSE:AD opened at $50.13 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $4.33 billion, a PE ratio of 20.80 and a beta of 0.23. The firm’s 50-day moving average is $48.61 and its two-hundred day moving average is $49.62. Array Digital Infrastructure Inc. has a 1 year low of $44.03 and a 1 year high of $79.17.
Array Digital Infrastructure (NYSE:AD – Get Free Report) last released its earnings results on Friday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The firm had revenue of $60.33 million for the quarter. Array Digital Infrastructure had a net margin of 19.32% and a return on equity of 6.69%. The business’s revenue for the quarter was up 131.2% compared to the same quarter last year. Analysts predict that Array Digital Infrastructure Inc. will post 0.97 EPS for the current year.
About Array Digital Infrastructure
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.
See Also
- Five stocks we like better than Array Digital Infrastructure
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding AD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Array Digital Infrastructure Inc. (NYSE:AD – Free Report).
Receive News & Ratings for Array Digital Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Array Digital Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
