US Bancorp DE Has $1,124,000 Stake in Airgain, Inc. (AIRG)
US Bancorp DE held its position in Airgain, Inc. (NASDAQ:AIRG) during the second quarter, Holdings Channel reports. The fund owned 79,241 shares of the technology company’s stock at the end of the second quarter. US Bancorp DE’s holdings in Airgain were worth $1,124,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Soros Fund Management LLC boosted its position in Airgain by 90.0% in the first quarter. Soros Fund Management LLC now owns 316,666 shares of the technology company’s stock valued at $4,801,000 after buying an additional 150,000 shares during the last quarter. Citadel Advisors LLC purchased a new position in Airgain during the first quarter valued at $229,000. UBS Group AG boosted its position in Airgain by 125.3% in the first quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock valued at $379,000 after buying an additional 13,918 shares during the last quarter. Royce & Associates LP boosted its position in Airgain by 60.9% in the first quarter. Royce & Associates LP now owns 445,023 shares of the technology company’s stock valued at $6,747,000 after buying an additional 168,500 shares during the last quarter. Finally, Blair William & Co. IL purchased a new position in Airgain during the first quarter valued at $264,000. 34.79% of the stock is currently owned by hedge funds and other institutional investors.
Airgain, Inc. (NASDAQ:AIRG) traded up 2.18% on Wednesday, reaching $10.80. The company had a trading volume of 180,220 shares. Airgain, Inc. has a 12-month low of $9.76 and a 12-month high of $29.30. The stock has a market capitalization of $102.82 million and a PE ratio of 27.07. The stock’s 50 day moving average price is $13.79 and its 200-day moving average price is $14.38.
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Several research analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $17.00 price target on shares of Airgain in a report on Wednesday. Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, June 8th. Finally, Cowen and Company reissued an “outperform” rating and issued a $22.00 target price on shares of Airgain in a research note on Wednesday, April 12th. Seven research analysts have rated the stock with a buy rating, Airgain currently has an average rating of “Buy” and an average target price of $18.59.
Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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