Kassirer Asset Management Corp increased its position in shares of West Corp (NASDAQ:WSTC) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,827 shares of the technology company’s stock after purchasing an additional 5,827 shares during the quarter. West Corp makes up approximately 4.6% of Kassirer Asset Management Corp’s holdings, making the stock its 7th biggest holding. Kassirer Asset Management Corp owned approximately 0.25% of West Corp worth $4,831,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in WSTC. CNH Partners LLC acquired a new stake in shares of West Corp during the 2nd quarter worth about $52,212,000. Alpine Associates Management Inc. acquired a new stake in shares of West Corp during the 2nd quarter worth about $48,669,000. SG Americas Securities LLC acquired a new stake in shares of West Corp during the 2nd quarter worth about $25,485,000. Gamco Investors INC. ET AL acquired a new stake in shares of West Corp during the 2nd quarter worth about $18,341,000. Finally, Goldman Sachs Group Inc. increased its position in West Corp by 450.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 919,519 shares of the technology company’s stock valued at $21,443,000 after acquiring an additional 752,462 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.
In other West Corp news, insider Rodney J. Kempkes sold 3,385 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $23.36, for a total value of $79,073.60. Following the completion of the sale, the insider now owns 52,126 shares in the company, valued at approximately $1,217,663.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.60% of the company’s stock.
Separately, BidaskClub cut shares of West Corp from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.50.
West Corp (WSTC) traded up $0.02 on Friday, reaching $23.50. 434,100 shares of the company’s stock traded hands, compared to its average volume of 550,009. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of -9.44. West Corp has a 52-week low of $19.64 and a 52-week high of $28.57.
West Corp Profile
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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