Harel Insurance Investments & Financial Services Ltd. Has $429,000 Stake in Partner Communications Company Ltd. (PTNR)
Harel Insurance Investments & Financial Services Ltd. held its position in Partner Communications Company Ltd. (NASDAQ:PTNR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,008 shares of the Wireless communications provider’s stock at the end of the second quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Partner Communications were worth $429,000 as of its most recent SEC filing.
Separately, Karp Capital Management Corp bought a new position in Partner Communications during the first quarter worth $173,000. Hedge funds and other institutional investors own 2.00% of the company’s stock.
Partner Communications Company Ltd. (NASDAQ PTNR) opened at 4.93 on Thursday. The stock has a 50 day moving average of $5.06 and a 200-day moving average of $5.39. Partner Communications Company Ltd. has a 1-year low of $4.11 and a 1-year high of $6.41. The firm has a market capitalization of $774.04 million, a P/E ratio of 31.40 and a beta of 1.80.
Partner Communications (NASDAQ:PTNR) last issued its quarterly earnings results on Monday, May 22nd. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Partner Communications had a net margin of 2.70% and a return on equity of 8.13%. The firm had revenue of $221 million for the quarter. On average, equities research analysts anticipate that Partner Communications Company Ltd. will post $3.25 earnings per share for the current year.
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A number of equities analysts have recently weighed in on the stock. BidaskClub downgraded shares of Partner Communications from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Roth Capital assumed coverage on shares of Partner Communications in a research note on Friday, July 7th. They issued a “buy” rating and a $16.00 price target on the stock.
About Partner Communications
Partner Communications Company Ltd. is a telecommunications company. The Company is engaged in the business of cellular telephony, provided on its second generation (2G), third generation (3G) and fourth generation (4G) networks. It operates through two segments: cellular segment and fixed-line segment.
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