Has Lake Street Lost Faith in PCTEL (NASDAQ:PCTI) After Recent Downgrade

August 10, 2018 - By Christine McCrea

PCTEL, Inc. (NASDAQ:PCTI) Logo

Investors sentiment decreased to 1.05 in Q1 2018. Its down 0.25, from 1.3 in 2017Q4. It fall, as 3 investors sold PCTEL, Inc. shares while 17 reduced holdings. 7 funds opened positions while 14 raised stakes. 13.23 million shares or 0.01% less from 13.23 million shares in 2017Q4 were reported.

Wedge Cap Management L L P Nc holds 0% or 48,100 shares in its portfolio. Jpmorgan Chase And Comm holds 0% in PCTEL, Inc. (NASDAQ:PCTI) or 22,032 shares. 751 were reported by Tower Research Cap Limited Liability Com (Trc). Vanguard Incorporated reported 527,429 shares or 0% of all its holdings. Moreover, Northern Trust has 0% invested in PCTEL, Inc. (NASDAQ:PCTI). Blackrock Inc stated it has 0% in PCTEL, Inc. (NASDAQ:PCTI). Globeflex L P, California-based fund reported 51,500 shares. Geode Cap Mgmt Ltd Llc accumulated 0% or 87,366 shares. Moreover, Perritt Capital Mgmt has 0.95% invested in PCTEL, Inc. (NASDAQ:PCTI). Bridgeway Cap Management holds 0.03% of its portfolio in PCTEL, Inc. (NASDAQ:PCTI) for 333,900 shares. Tci Wealth Advsrs Incorporated holds 0% in PCTEL, Inc. (NASDAQ:PCTI) or 787 shares. Wells Fargo And Com Mn reported 0% stake. Renaissance Technologies stated it has 0.01% of its portfolio in PCTEL, Inc. (NASDAQ:PCTI). Granite Prtn Ltd Co reported 0.02% stake. Invesco holds 83,190 shares or 0% of its portfolio.

Since May 14, 2018, it had 2 insider purchases, and 0 selling transactions for $13,893 activity. Neumann David A bought $7,020 worth of stock or 1,000 shares.

PCTEL (NASDAQ:PCTI) Receives a Downgrade

In a report revealed to investors on Thursday, 9 August, Lake Street cut PCTEL (NASDAQ:PCTI) shares to a Hold rating from the previous Buy. Lake Street now has a $6 target price on the stock. This target price suggests a possible upside, according to the firm, of 27.93 % from stock close price of the stock.

PCTEL, Inc. (NASDAQ:PCTI) Ratings Coverage

Among 2 analysts covering PCTEL Inc (NASDAQ:PCTI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. PCTEL Inc has $8.5 highest and $6 lowest target. $7.25’s average target is 54.58% above currents $4.69 stock price. PCTEL Inc had 2 analyst reports since March 12, 2018 according to SRatingsIntel. The stock of PCTEL, Inc. (NASDAQ:PCTI) has “Hold” rating given on Thursday, August 9 by Lake Street. The firm has “Buy” rating by FBR Capital given on Monday, March 12.

The stock decreased 17.28% or $0.98 during the last trading session, reaching $4.69. About 337,313 shares traded or 896.32% up from the average. PCTEL, Inc. (NASDAQ:PCTI) has risen 7.17% since August 10, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company has market cap of $81.90 million. The firm operates in two divisions, Connected Solutions and RF Solutions. It has a 26.35 P/E ratio. The Connected Solutions segment creates and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

More recent PCTEL, Inc. (NASDAQ:PCTI) news were published by: Benzinga.com which released: “68 Stocks Moving In Thursday’s Mid-Day Session” on August 09, 2018. Also Businesswire.com published the news titled: “PCTEL Announces Trooperâ„¢ II – Slender LTE/Wi-Fi/Multi-GNSS Antenna” on August 06, 2018. Streetinsider.com‘s news article titled: “PCTEL (PCTI) Misses Q2 EPS by 5c, Revenues Miss” with publication date: August 08, 2018 was also an interesting one.

PCTEL, Inc. (NASDAQ:PCTI) Institutional Positions Chart

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