Phoenix Holdings Ltd. reduced its position in shares of Cellcom Israel Ltd. (NYSE:CEL) by 86.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,840 shares of the technology company’s stock after selling 138,740 shares during the period. Phoenix Holdings Ltd.’s holdings in Cellcom Israel were worth $80,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Meitav Dash Investments Ltd. grew its position in shares of Cellcom Israel by 8.8% in the second quarter. Meitav Dash Investments Ltd. now owns 350,775 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 28,253 shares in the last quarter. Swiss National Bank grew its position in shares of Cellcom Israel by 18.8% in the second quarter. Swiss National Bank now owns 184,331 shares of the technology company’s stock valued at $723,000 after purchasing an additional 29,229 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Cellcom Israel in the first quarter valued at approximately $96,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Cellcom Israel in the second quarter valued at approximately $54,000. Institutional investors own 5.80% of the company’s stock.
Separately, Barclays restated an “equal weight” rating on shares of Cellcom Israel in a research report on Wednesday, September 9th.
CEL opened at $4.84 on Friday. Cellcom Israel Ltd. has a one year low of $1.86 and a one year high of $4.95. The stock has a market capitalization of $721.96 million, a PE ratio of -16.69 and a beta of 0.91. The business’s 50 day moving average price is $3.99 and its 200 day moving average price is $3.74. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.75 and a current ratio of 1.82.
About Cellcom Israel
Cellcom Israel Ltd. operates and maintains a cellular mobile telephone system in Israel. It operates in two segments, Cellular and Fixed-line. The company offers cellular communications services, such as basic cellular telephony services comprising voice mail, cellular fax, call waiting, call forwarding, caller identification, and conference calling; text and multimedia messaging; and cellular content and data services.
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