Paradigm Capital Management Inc. NY Sells 2,278,000 Shares of Cambium Networks Co. (NASDAQ:CMBM)

Paradigm Capital Management Inc. NY cut its holdings in Cambium Networks Co. (NASDAQ:CMBM) by 82.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478,400 shares of the company’s stock after selling 2,278,000 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 1.69% of Cambium Networks worth $308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Cambium Networks by 262.6% in the 4th quarter. Renaissance Technologies LLC now owns 501,800 shares of the company’s stock valued at $324,000 after purchasing an additional 363,399 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Cambium Networks in the fourth quarter worth approximately $187,000. AMH Equity Ltd purchased a new stake in Cambium Networks during the fourth quarter worth $536,000. XTX Topco Ltd purchased a new stake in Cambium Networks during the fourth quarter worth $27,000. Finally, Topline Capital Management LLC bought a new stake in Cambium Networks during the 4th quarter valued at $911,000. 87.17% of the stock is currently owned by institutional investors.

Cambium Networks Trading Up 2.9%

Shares of NASDAQ:CMBM opened at $0.49 on Tuesday. The company has a market capitalization of $13.70 million, a PE ratio of -0.16 and a beta of 1.42. Cambium Networks Co. has a 12-month low of $0.23 and a 12-month high of $3.70. The business’s fifty day simple moving average is $0.48 and its 200-day simple moving average is $0.84.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.