Alpine Associates Management Inc. Buys 149,716 Shares of Straight Path Communications Inc (NYSEAMERICAN:STRP)

Alpine Associates Management Inc. raised its position in Straight Path Communications Inc (NYSEAMERICAN:STRP) by 133.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 261,700 shares of the technology company’s stock after purchasing an additional 149,716 shares during the period. Straight Path Communications comprises approximately 1.6% of Alpine Associates Management Inc.’s portfolio, making the stock its 17th biggest holding. Alpine Associates Management Inc. owned 2.19% of Straight Path Communications worth $47,282,000 at the end of the most recent quarter.

Separately, California State Teachers Retirement System raised its holdings in shares of Straight Path Communications by 3.1% in the 3rd quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock worth $2,834,000 after purchasing an additional 469 shares during the period.

Straight Path Communications Inc (NYSEAMERICAN:STRP) traded down $0.23 during trading hours on Wednesday, reaching $182.52. The company had a trading volume of 112,300 shares, compared to its average volume of 214,888. Straight Path Communications Inc has a twelve month low of $25.02 and a twelve month high of $235.88.

Separately, BidaskClub lowered Straight Path Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd.

In other news, insider Zhouyue Pi sold 16,978 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $181.43, for a total value of $3,080,318.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jonathan Rand sold 300 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $181.58, for a total value of $54,474.00. The disclosure for this sale can be found here. Insiders have sold a total of 43,785 shares of company stock valued at $7,944,598 in the last 90 days.

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About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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