HighTower Advisors LLC Lowers Stake in Spok Holdings, Inc. $SPOK

HighTower Advisors LLC lessened its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 9.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 408,011 shares of the Wireless communications provider’s stock after selling 44,798 shares during the period. HighTower Advisors LLC owned about 1.98% of Spok worth $7,038,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPOK. Rhumbline Advisers boosted its position in shares of Spok by 14.8% during the third quarter. Rhumbline Advisers now owns 39,963 shares of the Wireless communications provider’s stock worth $689,000 after buying an additional 5,158 shares during the period. Significant Wealth Partners LLC lifted its stake in Spok by 12.1% during the 3rd quarter. Significant Wealth Partners LLC now owns 25,969 shares of the Wireless communications provider’s stock worth $448,000 after acquiring an additional 2,797 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Spok during the 3rd quarter worth about $509,000. McIlrath & Eck LLC boosted its holdings in Spok by 49.3% during the 3rd quarter. McIlrath & Eck LLC now owns 2,166 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 715 shares during the period. Finally, Longboard Asset Management LP acquired a new position in Spok in the 3rd quarter valued at about $179,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Price Performance

Shares of NASDAQ SPOK opened at $13.56 on Monday. The company has a market cap of $279.34 million, a price-to-earnings ratio of 16.95 and a beta of 0.41. The stock’s 50-day moving average is $13.30 and its two-hundred day moving average is $14.94. Spok Holdings, Inc. has a 1-year low of $12.26 and a 1-year high of $19.31.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Spok from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Spok in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $20.00.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.