Acadian Asset Management LLC raised its stake in shares of B Communications Ltd. (NASDAQ:BCOM) by 75.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 19,588 shares of the utilities provider’s stock after buying an additional 8,452 shares during the period. Acadian Asset Management LLC owned 0.07% of B Communications worth $340,000 at the end of the most recent quarter.
Shares of B Communications Ltd. (NASDAQ BCOM) remained flat at $13.39 during trading on Tuesday. 163 shares of the stock were exchanged. The stock’s 50-day moving average is $15.64 and its 200 day moving average is $18.75. The firm’s market capitalization is $398.62 million. B Communications Ltd. has a one year low of $12.20 and a one year high of $25.45.
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B Communications Company Profile
B Communications Ltd. is focused on the telecommunications industry. The Company’s principal asset is its ownership interest in Bezeq The Israel Telecommunications Corp. Ltd. (Bezeq), a provider of communications services in Israel. Bezeq and its subsidiaries operate through segments, including Bezeq, which offers fixed-line telephony services and fixed-line broadband Internet infrastructure access; Pelephone, which offers cellular telephony services; Bezeq International, which offers Internet service provider (ISP) and international telephony (ILD) services, and DBS, which offers pay television services.
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