BidaskClub upgraded shares of Spok (NASDAQ:SPOK) from a sell rating to a hold rating in a research note published on Friday.

Separately, ValuEngine raised shares of Spok from a sell rating to a hold rating in a research report on Friday, August 3rd.

SPOK stock traded down $0.05 during trading on Friday, hitting $14.90. 63,188 shares of the stock traded hands, compared to its average volume of 109,086. Spok has a 1 year low of $13.75 and a 1 year high of $18.85. The company has a market capitalization of $299.65 million, a price-to-earnings ratio of 49.68 and a beta of 0.38.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, July 25th. The Wireless communications provider reported ($0.05) EPS for the quarter. Spok had a negative net margin of 10.59% and a positive return on equity of 2.07%. The firm had revenue of $40.63 million for the quarter.

In other news, insider Sharon Woods-Keisling sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $15.60, for a total transaction of $48,672.00. Following the sale, the insider now owns 27,110 shares of the company’s stock, valued at approximately $422,916. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $15.20, for a total transaction of $152,000.00. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Spok by 6.0% during the 2nd quarter. BlackRock Inc. now owns 3,117,215 shares of the Wireless communications provider’s stock valued at $46,914,000 after acquiring an additional 176,639 shares during the last quarter. Foundry Partners LLC boosted its holdings in shares of Spok by 17.9% during the 2nd quarter. Foundry Partners LLC now owns 334,520 shares of the Wireless communications provider’s stock valued at $5,035,000 after acquiring an additional 50,850 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Spok by 10.7% during the 2nd quarter. American Century Companies Inc. now owns 308,804 shares of the Wireless communications provider’s stock valued at $4,648,000 after acquiring an additional 29,836 shares during the last quarter. Alambic Investment Management L.P. boosted its holdings in shares of Spok by 44.6% during the 2nd quarter. Alambic Investment Management L.P. now owns 163,198 shares of the Wireless communications provider’s stock valued at $2,456,000 after acquiring an additional 50,338 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Spok by 72.8% during the 1st quarter. Royal Bank of Canada now owns 157,542 shares of the Wireless communications provider’s stock valued at $2,356,000 after acquiring an additional 66,367 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

Further Reading: Diversification

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