Ownertel Inc Stock in Q2 2018 Driven by Institutional Investors

Sentiment for Ownertel Inc (NASDAQ:OTEL)

Ownertel Inc (NASDAQ:OTEL) institutional sentiment decreased to 0.73 in Q2 2018. Its down -1.47, from 2.2 in 2018Q1. The ratio dropped, as 8 hedge funds started new and increased stock positions, while 11 sold and decreased stakes in Ownertel Inc. The hedge funds in our partner’s database reported: 389,077 shares, down from 500,198 shares in 2018Q1. Also, the number of hedge funds holding Ownertel Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 6 Increased: 3 New Position: 5.

Otelco Inc. provides a range of telecommunications services on a retail and wholesale basis. The company has market cap of $53.54 million. Otelco Inc., together with its subsidiaries, provides a range of telecommunication services on a retail and wholesale basis. It has a 3.72 P/E ratio. It offers local services, including voice access lines that provide local dial tone and calling features, such as caller identification, call waiting, call forwarding, and voicemail; long distance services; billing and collection services for other carriers under contract; directory advertising services; and other telephone related services comprising leasing, selling, installing, and maintaining customer premise telecommunications equipment, as well as the publication of local telephone directories and wireline voice telephone services.

The stock decreased 0.69% or $0.11 during the last trading session, reaching $15.8. About 7,158 shares traded or 38.86% up from the average. Otelco Inc. (NASDAQ:OTEL) has risen 76.63% since December 2, 2017 and is uptrending. It has outperformed by 61.01% the S&P500.

Raffles Associates Lp holds 0.26% of its portfolio in Otelco Inc. for 20,000 shares. Tradewinds Capital Management Llc owns 22,950 shares or 0.14% of their US portfolio. Moreover, Yacktman Asset Management Lp has 0.01% invested in the company for 34,031 shares. The Massachusetts-based Acadian Asset Management Llc has invested 0% in the stock. Blackrock Inc., a New York-based fund reported 8,359 shares.

More notable recent Otelco Inc. (NASDAQ:OTEL) news were published by: Bizjournals.com which released: “Alabama’s largest public companies – Birmingham Business Journal – Birmingham Business Journal” on July 01, 2013, also Seekingalpha.com with their article: “Otelco: Undervalued With Great Upside Potential – Seeking Alpha” published on August 23, 2017, Globenewswire.com published: “Otelco to Release 2017 Third Quarter Results Nasdaq:OTEL – GlobeNewswire” on October 17, 2017. More interesting news about Otelco Inc. (NASDAQ:OTEL) were released by: Seekingalpha.com and their article: “Alluvial Fund Q1 2018 Letter To Limited Partners – Seeking Alpha” published on May 02, 2018 as well as Globenewswire.com‘s news article titled: “Otelco Announces Debt Refinancing, Completion of Strategic Alternatives Review and Third Quarter 2017 Results – GlobeNewswire” with publication date: November 06, 2017.

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