Pacer Advisors Inc. Acquires Shares of 131,936 Array Digital Infrastructure Inc. $AD

Pacer Advisors Inc. acquired a new position in shares of Array Digital Infrastructure Inc. (NYSE:AD) during the 4th quarter, Holdings Channel reports. The firm acquired 131,936 shares of the company’s stock, valued at approximately $7,074,000.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada purchased a new position in shares of Array Digital Infrastructure during the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC bought a new stake in shares of Array Digital Infrastructure in the fourth quarter worth $48,000. Empowered Funds LLC bought a new stake in shares of Array Digital Infrastructure in the fourth quarter worth $54,000. Harbour Investments Inc. bought a new stake in shares of Array Digital Infrastructure in the fourth quarter worth $61,000. Finally, Signaturefd LLC acquired a new stake in Array Digital Infrastructure in the fourth quarter valued at $73,000. 18.03% of the stock is owned by institutional investors and hedge funds.

Array Digital Infrastructure Stock Down 0.1%

NYSE:AD opened at $38.83 on Monday. The firm has a market capitalization of $3.35 billion, a PE ratio of 16.11 and a beta of 0.22. The stock has a 50 day moving average of $48.78 and a 200-day moving average of $49.71. Array Digital Infrastructure Inc. has a 52 week low of $38.40 and a 52 week high of $79.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36.

Array Digital Infrastructure Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $11.00 per share. The ex-dividend date is Thursday, June 11th.

Wall Street Analyst Weigh In

A number of research firms have commented on AD. Citigroup reduced their price objective on shares of Array Digital Infrastructure from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Royal Bank Of Canada downgraded 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 research report on Tuesday, May 12th. Raymond James Financial lowered shares of Array Digital Infrastructure from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on shares of Array Digital Infrastructure from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Array Digital Infrastructure has an average rating of “Hold” and a consensus price target of $54.00.

Array Digital Infrastructure Company 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.