ConvergeOne Holdings Inc (CVON) Position Increased by Citigroup Inc.

Citigroup Inc. increased its position in shares of ConvergeOne Holdings Inc (NASDAQ:CVON) by 1,367.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,978 shares of the company’s stock after buying an additional 99,688 shares during the period. Citigroup Inc. owned 0.14% of ConvergeOne worth $1,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of ConvergeOne by 4.6% during the 4th quarter. BlackRock Inc. now owns 1,319,197 shares of the company’s stock worth $16,332,000 after buying an additional 57,931 shares during the period. Water Island Capital LLC bought a new stake in shares of ConvergeOne during the 4th quarter worth $7,686,000. Gabelli Funds LLC bought a new stake in shares of ConvergeOne during the 4th quarter worth $1,699,000. Kassirer Asset Management Corp bought a new stake in shares of ConvergeOne during the 4th quarter worth $1,591,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of ConvergeOne during the 4th quarter worth $1,379,000. 22.70% of the stock is owned by institutional investors and hedge funds.

Shares of ConvergeOne stock opened at $12.44 on Friday. ConvergeOne Holdings Inc has a fifty-two week low of $7.95 and a fifty-two week high of $12.75. The firm has a market capitalization of $950.42 million, a price-to-earnings ratio of 32.74 and a beta of 0.45.

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ConvergeOne Profile

ConvergeOne Holdings, Inc provides collaboration and technology solutions for large and medium enterprises in the United States. The company offers unified communications solutions, including communications applications, such as voice, email, presence, chat/text, and video technologies; voice and text messaging solutions; mobility and bring your own device solutions for business continuity with the seamless connection of mobile, landline, cellular, and Wi-Fi enabled devices; conferencing solutions, as well as streaming and recording, and security services; and software integration services.

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Institutional Ownership by Quarter for ConvergeOne (NASDAQ:CVON)

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