Harvest Management LLC acquired a new stake in Straight Path Communications Inc (NASDAQ:STRP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 46,235 shares of the company’s stock, valued at approximately $8,306,000. Straight Path Communications makes up 5.6% of Harvest Management LLC’s investment portfolio, making the stock its 7th largest position. Harvest Management LLC owned about 0.36% of Straight Path Communications as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRP. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Straight Path Communications during the second quarter worth $104,000. BNP Paribas Arbitrage SA increased its position in Straight Path Communications by 3,485.7% during the second quarter. BNP Paribas Arbitrage SA now owns 1,004 shares of the company’s stock worth $180,000 after buying an additional 976 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Straight Path Communications during the second quarter worth $215,000. Sei Investments Co. purchased a new position in Straight Path Communications during the second quarter worth $225,000. Finally, Quinn Opportunity Partners LLC purchased a new position in Straight Path Communications during the second quarter worth $225,000.

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Straight Path Communications Inc (NASDAQ:STRP) traded up 0.06% during trading on Friday, reaching $180.71. The company’s stock had a trading volume of 8,403 shares. Straight Path Communications Inc has a 52 week low of $21.85 and a 52 week high of $235.88. The firm’s market capitalization is $2.29 billion. The firm has a 50-day moving average price of $179.24 and a 200-day moving average price of $145.92.

In other Straight Path Communications news, CEO Davidi Jonas sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $179.60, for a total value of $5,388,000.00. Following the transaction, the chief executive officer now owns 309,155 shares of the company’s stock, valued at $55,524,238. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Howard S. Jonas sold 21,213 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $179.11, for a total value of $3,799,460.43. The disclosure for this sale can be found here. Insiders sold 269,778 shares of company stock worth $48,410,711 in the last ninety days.

Straight Path Communications Company Profile

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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Institutional Ownership by Quarter for Straight Path Communications (NASDAQ:STRP)

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