Renaissance Technologies LLC Has $284,000 Stock Position in UTStarcom Holdings Corp. (NASDAQ:UTSI)

Renaissance Technologies LLC lessened its stake in UTStarcom Holdings Corp. (NASDAQ:UTSI) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,029 shares of the Wireless communications provider’s stock after selling 12,500 shares during the quarter. Renaissance Technologies LLC owned approximately 1.04% of UTStarcom worth $284,000 as of its most recent SEC filing.

UTStarcom Trading Down 2.6 %

UTStarcom stock opened at $2.60 on Tuesday. The stock has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $2.62. UTStarcom Holdings Corp. has a 52 week low of $1.84 and a 52 week high of $3.22.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of UTStarcom in a research note on Monday. They issued a “sell” rating for the company.

About UTStarcom

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.