63,800 Shares in West Corporation (WSTC) Acquired by Numeric Investors LLC
Numeric Investors LLC acquired a new position in West Corporation (NASDAQ:WSTC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 63,800 shares of the technology company’s stock, valued at approximately $1,488,000. Numeric Investors LLC owned approximately 0.08% of West Corporation as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WSTC. Karp Capital Management Corp bought a new stake in West Corporation in the 1st quarter worth about $212,000. Bowling Portfolio Management LLC bought a new stake in West Corporation in the 2nd quarter worth about $213,000. Virtu KCG Holdings LLC bought a new stake in West Corporation in the 2nd quarter worth about $223,000. BNP Paribas Arbitrage SA increased its holdings in West Corporation by 143.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,299 shares of the technology company’s stock worth $240,000 after buying an additional 6,068 shares in the last quarter. Finally, S. Muoio & CO. LLC bought a new stake in West Corporation in the 2nd quarter worth about $272,000. Institutional investors own 67.38% of the company’s stock.
Shares of West Corporation (NASDAQ:WSTC) opened at 23.485 on Monday. The company has a 50-day moving average price of $23.41 and a 200 day moving average price of $23.61. West Corporation has a 12-month low of $19.64 and a 12-month high of $28.57. The company has a market capitalization of $1.96 billion, a P/E ratio of 9.290 and a beta of 1.58.
West Corporation (NASDAQ:WSTC) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. West Corporation had a negative return on equity of 59.08% and a net margin of 9.39%. The company had revenue of $574.39 million for the quarter, compared to analyst estimates of $579.40 million. On average, equities analysts anticipate that West Corporation will post $2.90 earnings per share for the current fiscal year.
Several equities research analysts recently commented on WSTC shares. BidaskClub downgraded West Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded West Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.50.
In related news, insider Rodney J. Kempkes sold 3,382 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $23.35, for a total transaction of $78,969.70. Following the transaction, the insider now directly owns 55,511 shares of the company’s stock, valued at approximately $1,296,181.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rodney J. Kempkes sold 3,385 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $23.36, for a total value of $79,073.60. Following the transaction, the insider now directly owns 52,126 shares in the company, valued at $1,217,663.36. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
West Corporation Company 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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