Spok Holdings, Inc. $SPOK Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 408,011 shares of the Wireless communications provider’s stock after selling 44,798 shares during the period. HighTower Advisors LLC’s holdings in Spok were worth $7,038,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in Spok by 41.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 612 shares during the last quarter. McIlrath & Eck LLC raised its position in shares of Spok by 49.3% during the 3rd quarter. McIlrath & Eck LLC now owns 2,166 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 715 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Spok by 40.0% during the second quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 747 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Spok by 319.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider’s stock valued at $49,000 after purchasing an additional 2,113 shares in the last quarter. Finally, CWM LLC increased its stake in Spok by 44.7% in the third quarter. CWM LLC now owns 3,310 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 1,023 shares during the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPOK. Wall Street Zen downgraded shares of Spok from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Spok in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Spok Trading Down 0.2%

Shares of SPOK opened at $13.56 on Monday. The company’s 50 day simple moving average is $13.30 and its 200-day simple moving average is $14.94. The firm has a market cap of $279.34 million, a PE ratio of 16.95 and a beta of 0.41. Spok Holdings, Inc. has a 12-month low of $12.26 and a 12-month high of $19.31.

Spok Company Profile

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.