The Riverhead Capital Management LLC Decreases Stake in Nippon Telegraph and Telephone Corporation (NTT)

The Riverhead Capital Management LLC Decreases Stake in Nippon Telegraph and Telephone Corporation (NTT)

Riverhead Capital Management LLC reduced its stake in Nippon Telegraph and Telephone Corporation (NYSE:NTT) by 96.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,200 shares of the company’s stock after selling 299,152 shares during the period. Riverhead Capital Management LLC’s holdings in Nippon Telegraph and Telephone Corporation were worth $467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Checchi Capital Advisers LLC raised its position in shares of Nippon Telegraph and Telephone Corporation by 3.2% in the second quarter. Checchi Capital Advisers LLC now owns 14,690 shares of the company’s stock valued at $692,000 after buying an additional 458 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Nippon Telegraph and Telephone Corporation during the second quarter valued at $1,982,000. Boston Advisors LLC raised its position in shares of Nippon Telegraph and Telephone Corporation by 28.4% in the second quarter. Boston Advisors LLC now owns 12,666 shares of the company’s stock valued at $596,000 after buying an additional 2,804 shares during the last quarter. Huntington National Bank raised its position in shares of Nippon Telegraph and Telephone Corporation by 277.0% in the second quarter. Huntington National Bank now owns 5,184 shares of the company’s stock valued at $244,000 after buying an additional 3,809 shares during the last quarter. Finally, Smithfield Trust Co. raised its position in shares of Nippon Telegraph and Telephone Corporation by 1.0% in the second quarter. Smithfield Trust Co. now owns 2,916 shares of the company’s stock valued at $137,000 after buying an additional 30 shares during the last quarter. 1.19% of the stock is currently owned by institutional investors.

Nippon Telegraph and Telephone Corporation (NYSE:NTT) traded down 0.66% during mid-day trading on Wednesday, hitting $43.73. The stock had a trading volume of 181,276 shares. The stock’s 50-day moving average is $41.86 and its 200 day moving average is $44.46. Nippon Telegraph and Telephone Corporation has a 52 week low of $37.99 and a 52 week high of $49.67. The company has a market capitalization of $89.08 billion, a P/E ratio of 12.47 and a beta of -0.01.

Separately, Zacks Investment Research downgraded Nippon Telegraph and Telephone Corporation from a “hold” rating to a “sell” rating in a research note on Friday, December 2nd.

Nippon Telegraph and Telephone Corporation Company Profile

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