Northpointe Capital LLC raised its stake in Xtera Communications Inc (NASDAQ:XCOM) by 17.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 619,872 shares of the company’s stock after buying an additional 91,057 shares during the period. Northpointe Capital LLC’s holdings in Xtera Communications were worth $558,000 at the end of the most recent quarter.

Institutional Ownership by Quarter for Xtera Communications (NASDAQ:XCOM)

Xtera Communications Inc (NASDAQ:XCOM) traded up 10.69% during trading on Friday, hitting $0.52. 4,636,111 shares of the company traded hands. The stock has a 50-day moving average price of $0.62 and a 200-day moving average price of $1.52. Xtera Communications Inc has a 12-month low of $0.35 and a 12-month high of $5.86. The firm’s market capitalization is $8.96 million.

Xtera Communications (NASDAQ:XCOM) last announced its earnings results on Thursday, August 11th. The company reported ($1.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $1.02. The company earned $15.35 million during the quarter. The firm’s quarterly revenue was down 67.3% on a year-over-year basis. Equities analysts expect that Xtera Communications Inc will post ($2.94) EPS for the current fiscal year.

Separately, Needham & Company LLC decreased their price target on shares of Xtera Communications from $5.00 to $2.50 and set a “buy” rating for the company in a research note on Tuesday, June 14th.

In related news, major shareholder Wellcome Trust Ltd (The) As Tr sold 2,472,813 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $0.78, for a total value of $1,928,794.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

About Xtera Communications

Xtera Communications, Inc is a United States-based telecommunication infrastructure company. The Company is focused on supplying terrestrial and submarine optical backbones. It offers optical networking solutions for network and data center operators across the world. The Company’s portfolio encompasses optical layer equipment and the associated network management software suite, as well as the services to deploy and manage optical networks.

5 Day Chart for NASDAQ:XCOM

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