Healthcare of Ontario Pension Plan Trust Fund increased its stake in Array Digital Infrastructure Inc. (NYSE:AD - Free Report) by 423.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,990 shares of the company's stock after purchasing an additional 80,872 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Array Digital Infrastructure worth $4,614,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in AD. Dimensional Fund Advisors LP lifted its holdings in shares of Array Digital Infrastructure by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,299,582 shares of the company's stock valued at $106,102,000 after purchasing an additional 57,198 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Array Digital Infrastructure during the fourth quarter worth about $97,366,000. Vanguard Group Inc. acquired a new stake in Array Digital Infrastructure in the 4th quarter valued at approximately $76,634,000. Gamco Investors INC. ET AL bought a new stake in Array Digital Infrastructure in the 4th quarter valued at approximately $51,720,000. Finally, Loomis Sayles & Co. L P bought a new stake in Array Digital Infrastructure in the 4th quarter valued at approximately $40,842,000. Institutional investors own 18.03% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on AD. Wall Street Zen cut shares of Array Digital Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. cut their price objective on shares of Array Digital Infrastructure from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 26th. Raymond James Financial cut shares of Array Digital Infrastructure from an "outperform" rating to a "market perform" rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Array Digital Infrastructure in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada lowered their price target on shares of Array Digital Infrastructure from $52.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Array Digital Infrastructure currently has an average rating of "Hold" and an average price target of $51.60.
Get Our Latest Stock Report on AD
Array Digital Infrastructure Stock Up 0.5%
NYSE:AD opened at $35.18 on Thursday. Array Digital Infrastructure Inc. has a twelve month low of $33.71 and a twelve month high of $79.17. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 14.60 and a beta of 0.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average price is $40.72 and its two-hundred day moving average price is $46.47.
Array Digital Infrastructure Dividend Announcement
The company also recently announced a special dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $11.00 per share. The ex-dividend date was Thursday, June 11th.
Array Digital Infrastructure Company Profile
(
Free Report)
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.
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