Eagle Global Advisors LLC increased its position in shares of Cellcom Israel, Ltd. (NYSE:CEL) by 15.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,000 shares of the technology company’s stock after buying an additional 10,000 shares during the period. Eagle Global Advisors LLC owned about 0.07% of Cellcom Israel worth $719,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in Cellcom Israel during the first quarter worth $321,000. Edmond DE Rothschild Holding S.A. boosted its position in Cellcom Israel by 8.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 33,950 shares of the technology company’s stock worth $352,000 after buying an additional 2,750 shares during the last quarter. Bank of America Corp DE boosted its position in Cellcom Israel by 153.2% in the first quarter. Bank of America Corp DE now owns 47,781 shares of the technology company’s stock worth $492,000 after buying an additional 28,910 shares during the last quarter. Credit Suisse AG boosted its position in Cellcom Israel by 61.6% in the first quarter. Credit Suisse AG now owns 61,754 shares of the technology company’s stock worth $635,000 after buying an additional 23,544 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Cellcom Israel by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 75,630 shares of the technology company’s stock worth $777,000 after buying an additional 234 shares during the last quarter. 6.22% of the stock is currently owned by hedge funds and other institutional investors.
Cellcom Israel, Ltd. (NYSE CEL) opened at 9.19 on Thursday. The company has a 50-day moving average price of $9.39 and a 200-day moving average price of $9.99. The stock has a market capitalization of $924.55 million, a PE ratio of 28.63 and a beta of 2.11. Cellcom Israel, Ltd. has a 12-month low of $6.69 and a 12-month high of $11.19.
Cellcom Israel (NYSE:CEL) last released its earnings results on Wednesday, May 24th. The technology company reported $0.07 earnings per share for the quarter. The firm had revenue of $264 million during the quarter. Cellcom Israel had a net margin of 2.95% and a return on equity of 8.78%. Analysts expect that Cellcom Israel, Ltd. will post $0.44 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. BidaskClub cut Cellcom Israel from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Citigroup Inc. cut Cellcom Israel from a “neutral” rating to a “sell” rating in a report on Wednesday, July 26th.
Cellcom Israel Company Profile
Cellcom Israel Ltd. is engaged in the provision of cellular telephone services. The Company offers fixed-line services. The Company operates in two segments: Cellular and Fixed-line. The cellular segment includes the cellular communications services, end user cellular equipment and supplemental services.
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