6 Meridian Buys 5,098 Shares of Spok Holdings Inc (NASDAQ:SPOK)

6 Meridian boosted its stake in Spok Holdings Inc (NASDAQ:SPOK) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,340 shares of the Wireless communications provider’s stock after purchasing an additional 5,098 shares during the quarter. 6 Meridian owned about 0.37% of Spok worth $860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Spok by 552.7% in the second quarter. Invesco Ltd. now owns 1,060,847 shares of the Wireless communications provider’s stock valued at $15,955,000 after purchasing an additional 898,304 shares during the last quarter. State Street Corp increased its holdings in Spok by 1.5% in the third quarter. State Street Corp now owns 610,335 shares of the Wireless communications provider’s stock valued at $7,287,000 after purchasing an additional 8,830 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Spok by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 382,308 shares of the Wireless communications provider’s stock valued at $5,749,000 after purchasing an additional 16,177 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Spok by 40.8% in the third quarter. Russell Investments Group Ltd. now owns 191,527 shares of the Wireless communications provider’s stock valued at $2,288,000 after purchasing an additional 55,542 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Spok by 50.3% in the second quarter. AQR Capital Management LLC now owns 140,469 shares of the Wireless communications provider’s stock valued at $2,113,000 after purchasing an additional 46,987 shares during the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.

In other Spok news, CFO Michael W. Wallace purchased 3,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was bought at an average cost of $12.02 per share, for a total transaction of $36,060.00. Also, Director Brian Oreilly purchased 9,000 shares of the stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $11.77 per share, with a total value of $105,930.00. Insiders acquired 31,222 shares of company stock valued at $368,758 over the last 90 days. Corporate insiders own 7.51% of the company’s stock.

Separately, ValuEngine downgraded Spok from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Shares of Spok stock opened at $11.57 on Wednesday. Spok Holdings Inc has a 1 year low of $10.99 and a 1 year high of $17.25. The business has a 50-day moving average of $12.02 and a two-hundred day moving average of $12.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 2.32.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported ($0.07) earnings per share (EPS) for the quarter. Spok had a negative return on equity of 0.40% and a negative net margin of 0.65%. The business had revenue of $39.45 million during the quarter.

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.

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Institutional Ownership by Quarter for Spok (NASDAQ:SPOK)

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