Rhumbline Advisers Sells 818 Shares of West Corporation (WSTC)
Rhumbline Advisers lowered its position in shares of West Corporation (NASDAQ:WSTC) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,800 shares of the technology company’s stock after selling 818 shares during the period. Rhumbline Advisers owned 0.06% of West Corporation worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Karp Capital Management Corp bought a new position in shares of West Corporation during the first quarter worth approximately $212,000. Bowling Portfolio Management LLC bought a new position in shares of West Corporation during the second quarter worth approximately $213,000. Trexquant Investment LP bought a new position in shares of West Corporation during the first quarter worth approximately $253,000. Fox Run Management L.L.C. bought a new position in shares of West Corporation during the second quarter worth approximately $285,000. Finally, Russell Investments Group Ltd. bought a new position in shares of West Corporation during the first quarter worth approximately $295,000. Institutional investors own 67.38% of the company’s stock.
Shares of West Corporation (NASDAQ:WSTC) opened at 23.51 on Friday. West Corporation has a 12 month low of $19.64 and a 12 month high of $28.57. The firm has a market cap of $1.97 billion, a P/E ratio of 9.30 and a beta of 1.59. The company’s 50-day moving average price is $23.36 and its 200-day moving average price is $23.71.
West Corporation (NASDAQ:WSTC) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $574.39 million for the quarter, compared to analysts’ expectations of $579.40 million. West Corporation had a net margin of 9.39% and a negative return on equity of 59.08%. On average, analysts predict that West Corporation will post $2.90 EPS for the current year.
In other West Corporation news, insider Rodney J. Kempkes sold 3,382 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $23.35, for a total transaction of $78,969.70. Following the sale, the insider now owns 55,511 shares of the company’s stock, valued at approximately $1,296,181.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rodney J. Kempkes sold 3,385 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $23.36, for a total transaction of $79,073.60. Following the sale, the insider now directly owns 52,126 shares in the company, valued at approximately $1,217,663.36. The disclosure for this sale can be found here. Insiders sold a total of 10,149 shares of company stock worth $236,742 in the last ninety days. 4.60% of the stock is currently owned by insiders.
WSTC has been the topic of a number of recent research reports. BidaskClub lowered West Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered West Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.88.
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West Corporation Profile
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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