In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Partner Communications Co Ltd (NASDAQ:PTNR) reported that Meitav Dash Investments Ltd. has picked up 4,272,371 of common stock as of 2017-06-19.
The acquisition brings the aggregate amount owned by Meitav Dash Investments Ltd. to a total of 4,272,371 representing a 3.14% stake in the company.
For those not familiar with the company, Partner Communications Company Ltd. is a telecommunications company. The Company is engaged in the business of cellular telephony, provided on its second generation (2G), third generation (3G) and fourth generation (4G) networks. It operates through two segments: cellular segment and fixed-line segment. Its products and services are marketed under the Partner brand. The Company’s cellular business segment includes basic cellular telephony services, text messaging, data, airtime, interconnect, roaming, content services and other value added services. The fixed-line segment includes a range of services provided over fixed-line networks, including Internet service provider (ISP) services, business information storage in a data center and cloud services. The Company also provides wireless fidelity (Wi-Fi) networks and fixed-line voice communication services. In addition, the fixed-line segment includes sales of related equipment. It also offers anti-virus and anti-spam filtering.
A glance at Partner Communications Co Ltd (NASDAQ:PTNR)’s key stats reveals a current market capitalization of $824.53 Million based on $159.22 Million shares outstanding and a price at last close of $5.27 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-23, Pepper picked up 45,000 at a purchase price of $10.93. This brings their total holding to 45,000 as of the date of the filing.
On the sell side, the most recent transaction saw Gade unload 9,000 shares at a sale price of $27.39. This brings their total holding to 2,400.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Partner Communications Co Ltd (NASDAQ:PTNR) as things move forward to see if its progress aligns with these transactions.
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