Ahrens Investment Partners LLC Acquires New Holdings in Pareteum Corp (TEUM)
Ahrens Investment Partners LLC acquired a new stake in Pareteum Corp (NYSEAMERICAN:TEUM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,500 shares of the technology company’s stock, valued at approximately $107,000. Ahrens Investment Partners LLC owned 0.06% of Pareteum at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its holdings in Pareteum by 50,516.7% in the second quarter. BlackRock Inc. now owns 791,139 shares of the technology company’s stock worth $1,978,000 after purchasing an additional 789,576 shares during the period. Bard Associates Inc. raised its holdings in Pareteum by 39.3% in the second quarter. Bard Associates Inc. now owns 1,245,038 shares of the technology company’s stock worth $3,113,000 after purchasing an additional 351,325 shares during the period. Perkins Capital Management Inc. raised its holdings in Pareteum by 42.8% in the second quarter. Perkins Capital Management Inc. now owns 818,729 shares of the technology company’s stock worth $2,047,000 after purchasing an additional 245,500 shares during the period. Northern Trust Corp raised its holdings in Pareteum by 399.7% in the first quarter. Northern Trust Corp now owns 73,944 shares of the technology company’s stock worth $180,000 after purchasing an additional 59,146 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Pareteum by 157.2% in the second quarter. Commonwealth Equity Services LLC now owns 49,090 shares of the technology company’s stock worth $123,000 after purchasing an additional 30,000 shares during the period.
Separately, Lake Street Capital reiterated a “buy” rating on shares of Pareteum in a report on Tuesday, November 13th.
Pareteum (NYSEAMERICAN:TEUM) last issued its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). The firm had revenue of $8.01 million for the quarter, compared to the consensus estimate of $8.00 million.
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.
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