UBS Group AG Makes New $2.82 Million Investment in Array Digital Infrastructure Inc. $AD

UBS Group AG purchased a new position in Array Digital Infrastructure Inc. (NYSE:AD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,516 shares of the company’s stock, valued at approximately $2,816,000. UBS Group AG owned approximately 0.06% of Array Digital Infrastructure at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Signaturefd LLC bought a new stake in shares of Array Digital Infrastructure in the fourth quarter worth about $73,000. Harbor Capital Advisors Inc. acquired a new position in shares of Array Digital Infrastructure during the fourth quarter worth about $99,000. Arizona State Retirement System acquired a new position in shares of Array Digital Infrastructure during the fourth quarter worth about $240,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Array Digital Infrastructure during the fourth quarter worth about $326,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Array Digital Infrastructure during the fourth quarter worth about $483,000. 18.03% of the stock is currently owned by institutional investors.

Array Digital Infrastructure Stock Performance

Shares of NYSE AD opened at $50.61 on Tuesday. The stock has a 50 day moving average price of $48.86 and a 200 day moving average price of $49.68. Array Digital Infrastructure Inc. has a 52 week low of $44.03 and a 52 week high of $79.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $4.37 billion, a PE ratio of 21.00 and a beta of 0.23.

Array Digital Infrastructure (NYSE:AD) last issued its quarterly earnings results on Friday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.30 by $0.18. Array Digital Infrastructure had a return on equity of 6.69% and a net margin of 19.32%.The firm had revenue of $60.33 million during the quarter. Array Digital Infrastructure’s revenue was up 131.2% compared to the same quarter last year. Analysts predict that Array Digital Infrastructure Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AD. Raymond James Financial cut Array Digital Infrastructure from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Array Digital Infrastructure from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 16th. Royal Bank Of Canada cut shares of Array Digital Infrastructure from an “outperform” rating to a “sector perform” rating and set a $52.00 target price for the company. in a report on Tuesday, May 12th. Finally, Wells Fargo & Company reduced their target price on shares of Array Digital Infrastructure from $62.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Array Digital Infrastructure currently has an average rating of “Hold” and a consensus price target of $54.00.

Array Digital Infrastructure Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.