Renaissance Technologies LLC Has $6.05 Million Stake in Straight Path Communications Inc (STRP)

Renaissance Technologies LLC cut its holdings in shares of Straight Path Communications Inc (NYSEAMERICAN:STRP) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,300 shares of the technology company’s stock after selling 1,200 shares during the period. Renaissance Technologies LLC owned approximately 0.28% of Straight Path Communications worth $6,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of STRP. BlackRock Inc. boosted its position in shares of Straight Path Communications by 15.2% during the fourth quarter. BlackRock Inc. now owns 702,220 shares of the technology company’s stock worth $127,658,000 after buying an additional 92,716 shares during the period. Water Island Capital LLC boosted its position in shares of Straight Path Communications by 20.3% during the fourth quarter. Water Island Capital LLC now owns 313,903 shares of the technology company’s stock worth $57,064,000 after buying an additional 53,057 shares during the period. Alpine Associates Management Inc. boosted its position in shares of Straight Path Communications by 17.1% during the fourth quarter. Alpine Associates Management Inc. now owns 306,357 shares of the technology company’s stock worth $55,692,000 after buying an additional 44,657 shares during the period. Koch Industries Inc. boosted its position in shares of Straight Path Communications by 220.1% during the fourth quarter. Koch Industries Inc. now owns 46,097 shares of the technology company’s stock worth $8,380,000 after buying an additional 31,697 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Straight Path Communications by 66.8% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 61,469 shares of the technology company’s stock worth $11,174,000 after buying an additional 24,608 shares during the period.

STRP opened at $183.37 on Friday. Straight Path Communications Inc has a 1-year low of $26.89 and a 1-year high of $235.88.

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About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

Institutional Ownership by Quarter for Straight Path Communications (NYSEAMERICAN:STRP)

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